FOREIGN TRADE ACTIVITY OF FRANCE: MAIN STATISTICAL INDICATORS

Keywords: foreign trade activity, export, import, GDP, trade partners, import structure, export structure, import quota, export quota, marketability index, net trade index, dynamics of foreign trade indicators, statistical indicators

Abstract

The article is devoted to the study of the general state of affairs in foreign trade activity of France. Theoretical and practical aspects of foreign trade evaluation are considered. It was determined that France is a highly developed country. The values of forein trade for the last few years are estimated. Based on the results of the assessment of each of the indicators, the conclusions for the French economy state are given. On the basis of the analysis, which has been made, it’s concluded that the country takes an active part in the international division of labour and plays an important role in the world market of goods and services. France is largely integrated into the global economic space. Over the years, the French economy is becoming more and more open, and the dependence on imports is also increasing in Europe, which is classified as a post-industrial country. The article considered the structure of the French economy which reflects its post-industrial character. The analysis of the volume of exports and imports leads to the conclusion that France could be ranked as fourth in the world. In addition, the structure of France's export and import were analysed, defining the country’s main partners of foreign trade. The export structure is dominated by products of the chemical industry, equipment, automobiles, agricultural goods, and food. Imports are dominated by industrial raw materials, industrial equipment, consumer goods, transport engineering products, in particular cars. For a better assessment of France's foreign trade the main indicators of the foreign trade development were calculated and evaluated. The dynamics of the main absolute indicators were analysed, as well as the relative indicators of foreign trade activity were calculated and analysed. In particular, the values of export and import for 2000-2021 were considered. Marketability index, net trade index, export quota, import quota, foreign trade quota, coefficient of coverage of import by export have been evaluated. The results of the calculations are presented in the table. Graphically they are shown in the charts. The highest value of export for the entire period is 940,54 billion USD.

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Published
2022-09-27
How to Cite
Vdovyn, M., & Hrokholska, T. (2022). FOREIGN TRADE ACTIVITY OF FRANCE: MAIN STATISTICAL INDICATORS. Economy and Society, (43). https://doi.org/10.32782/2524-0072/2022-43-69
Section
INTERNATIONAL ECONOMIC RELATIONS