Some of the reason for France :
-High energy import costs, particularly for oil and gas. Even as global energy prices fell in 2023–2024, France's energy bill remained substantial, with the oil product deficit close to €40 billion in 2024.
-Structural weaknesses in French manufacturing competitiveness, leading to higher imports of intermediate and capital goods and relatively weaker export performance in certain sectors.
-The weakness of the euro, which increases the cost of imports priced in dollars, such as oil.
-France consistently runs a surplus in services trade, notably in tourism, travel, and financial services. For example, in 2023, the services surplus was €20 billion, driven by the travel industry and financial services. However, this surplus is not large enough to fully offset the goods deficit.