French trade deficit falls to nearly 99.6 billion in 2023. Deficit is second highest in history after record of 162.7 billion recorded in 2022.
Over the past year, the cumulative trade balance was reduced by almost 63 billion euros. Experts are concerned about the structural deterioration of the French trade balance situation.. Business France: We must carry out a cultural revolution in order to show the country that trade deficit is not hiding. “We cannot do what do not produce in France,” pleads the general director.