Overview In Fourth Quarter 2023 Normandie exported €149B and imported €175B, resulting in a negative trade balance of €26.6B. Between Fourth Quarter 2022 and Fourth Quarter 2023 the exports of Normandie have decreased by $-3.69B (-2.43%) from €152B to €149B, while imports decreased by €-24.3B (-12.2%) from €199B to €175B.
Trade In Fourth Quarter 2023, the top exports of Normandie were refined petroleum products (€1.32B), pharmaceuticals (€1.05B), Other chemicals n.e.c. (€490M), Cereals (except rice), legumes and oilseeds (€451M), and Motor vehicles (€393M). In Fourth Quarter 2023 the top imports of Normandie were Crude oil (€3B), refined petroleum products (€1.94B), pharmaceuticals (€544M), Other chemicals n.e.c. (€449M), and Other basic organic chemicals (€421M).
Destinations In Fourth Quarter 2023, Normandie exported mostly to United States (€893M), Belgium (€845M), Germany (€798M), Spain (€700M), and Italy (€644M), and imported mostly from United States (€1.26B), China (€985M), Belgium (€824M), Germany (€806M), and Nigeria (€736M).
Growth In Fourth Quarter 2023, the decrease in Normandie's year-by-year exports was explained primarily by an decrease in exports to Italy (€-209M or -24.4%), Brazil (€-70.9M or -44.5%), and Russia (€-55.9M or -68%), and product exports decrease in pharmaceuticals (€-198M or -11%), Waste not dangerous; collection of non-hazardous... (€-76.8M or -98.8%), and Aircraft and spacecraft (€-32.8M or -21.5%). In Fourth Quarter 2023, the decrease in Normandie's year-by-year imports was explained primarily by an decrease in imports from Russia (€-354M or -94.5%), South Korea (€-141M or -75.7%), and Turkey (€-123M or -57%), and product imports decrease in Motor vehicles (€-422M or -66.8%), Basic pharmaceutical products (€-292M or -73.4%), and Appliances (€-39.8M or -34.2%).