Since 1995 when it adhered to the World Trade Organization (WTO), France became one of the most important players in the EU market. Now, France is the second largest importer and exporter after Germany at European level. The latest Economic Complexity Index places France on the 6th position in the world when it comes to exports and the 13th when it comes to economic complexity. Also, thanks to its geographical position which grants easy access to Europe and Africa, France has become a preferred destination for foreign investors setting up businesses in the import/export industry.
Our French company formation agents can assist you if you want to set up a trading company here.
France is currently one of the largest exporters of spacecraft in the world. The export of helicopters and planes rose to 53 billion USD during the last two years in France, thanks to the innovation industry which is developing fast. France also leads in the export of machine equipment and auto vehicles. During the last several years, the pharmaceutical industry has become quite visible in the economy, generating an annual income of nearly 30 billion USD. Today, France’s exports are mainly made of:
When it comes to imports, the most imported products are crude petroleum and vehicles. French companies usually import IT products, such as computers and computer spare parts and packaged medicines. France’s main import and export partners are European countries, such as Germany, Spain, Switzerland, Benelux (Belgium and Luxembourg) and the United Kingdom, while outside Europe, the United States and China are major trading partners.
Import and export procedures in France are regulated by the customs authorities. Foreign companies exporting products to France are required to file several documents with the Customs, among which two declarations: the maritime manifest and the SAD (single administrative document) file. French companies will need a VAT number which will also serve as an EORI number in order to their products.
For full information on EORI registration for import and export purposes, please contact our company registration representatives in France.