France Economic Statistics

Importing from France

In recent years, French exports to the EU, Asia and Africa have increased, while exports to the Middle East, the US, Switzerland, and Turkey have fallen. France is the world’s largest producer of agricultural products and services, the eight largest exporter in the world, and the seventh largest economy (in terms of GDP) in the world. The top annual French exports are: planes and helicopters ($50 billion), packaged medicines ($28 billion), cars ($22 billion) and vehicle parts ($16 billion).

Importing from France : What is trade finance?

Trade finance is a revolving facility in which lenders offer financing options – it enables businesses to purchase products and can help ease the pressure from working capital issues.

Generally, an export finance bank will fund up to 100% of the cost of the products, including charges (e.g. insurance costs).

Trade finance offers upsides over more traditional bank financing, for example bridging mortgages or loans. Trade finance provides quick funding without affecting existing bank relationships.

How does it work?

If you’re a business importing or exporting goods around the world, then a trade finance facility would assist your company through offering a letter of credit (LC) or some form of cash advance.

I’m looking to import from France, how can Trade Finance Global help, and how does it work?

If you’re looking to import inventory from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you get the products and have then sold them to your buyer. Repaying the financier then occurs over an agreed period of time.

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Speak to our trade finance team