Second largest customer for french exports french

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Second largest customer for French exports FRENCH IMPORTS (2016) €32.5 billion in Spanish goods imports to France +2.8% growth in Spanish imports to France 6.4% of all French imports Sixth largest supplier of French imports CONTRIBUTION OF SPANISH SUBSIDIARIES IN FRANCE 221 Spanish exporting companies in France (2015) 16% average export ratio of Spanish exporting companies in France (export turnover as a proportion of total turnover) FRENCH EXPORTS TO SPAIN In 2016, 35,665 companies exported to Spain from France. The value of their exports was €33.2 billion (7.5% of all French exports). As the Spanish market recovered (growing 3.1% in 2016), French exports to Spain (+2%) continued to grow at a faster rate than French exports in general. Spain once again moved up a place in the list of France’s largest export customers in 2016, coming in second, ahead of the United States, receiving 12.6% of French exports to European Union countries. France’s export market share in Spain was 12.1% in 2015, higher than its share in global goods exports (3.1%). 1 Spanish statistics ranked France as Spain’s second largest supplier in 2015, after Germany. [Fig. 1] SECTOR-BY-SECTOR BREAKDOWN OF FRENCH EXPORTS TO SPAIN Four sectors accounted for more than 60% of French exports to Spain in 2016: transport equipment (25%), capital goods (17%), chemicals and perfumes (11%), and food (9%). The growth in exports to Spain in 2016 can be principally attributed to buoyant sales of transport equipment (+8.6%) as well as electrical and electronic equipment and industrial machinery (+3.6%). The textiles and clothing sector saw its sales to Spain grow 5.3% in 2016. Conversely, sales of food continued to decline ( 2%), while exports of chemicals and pharmaceuticals fell 6.4% and 5.1%, respectively. Spain represents an important market for French agriculture, with sales of €1.7 billion in 2016, 12% of the sector’s total exports. The country is also a major trading partner for French companies in the wood and paper products sector, accounting for 12% of their foreign sales. [Fig. 2] Value of French exports to Spain 2007 0 5 10 15 20 25 30 40 35 2008 2009 2010 2011 2012 2013 2014 2015 2016 33.2 37.9 34.2 27.1 29.2 30.5 29.4 29.1 30.4 32.6 Source: French Customs Authorities, gross estimates, FOB, excluding military equipment FIG. 1 French exports to Spain (€ billion; percentage of total French exports) 1  France’s market share expresses its goods exports to any one country as a proportion of global goods exports to that country (in US$). Market shares are calculated based on data from the IMF DOTS database. CHAP. 8 / FRENCH EXPORTS OVERVIEW 194 / 2016 ANNUAL REPORT - BUSINESS FRANCE
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TOP FIVE SPANISH EXPORTERS IN FRANCE (2015) French subsidiary Economic activity Share of export turnover FERROPEM Manufacture of other inorganic basic chemicals N/A ACIÉRIE DE L’ATLANTIQUE (ADA) (CELSA FRANCE) Manufacture of basic iron and steel and of ferro-alloys >90% PANZANI (EBRO FOODS) Manufacture of macaroni, noodles, couscous and similar farinaceous products <50% INTERFORUM Wholesale of other household goods N/A SOFEDIT (GESTAMP) Cutting, pressing N/A Sources: French Customs Authorities ranking of exporting companies 0% 5% 10% 15% 20% 25% Transport equipment
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