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France Letter of Credit Transactions - Knowledge Bank 
 






















Economy of France and International Trade at a Glance : 
    
  1. Gross domestic product of France is $2,60 trillion US dollars in year 2012. This makes French economy 5th largest economy in the world after USA, China, Japan and Germany.  
  2. France is the world's 6rd biggest importer with 641,30 billion US dollars import volume in year 2012 and 5th biggest exporter with 567,10 billion US dollars export volume in year 2012
  3. International trade has been playing a key role on France economy for centuries. French companies are famous for their luxury goods and agricultural products all around the world.  
  4. France economy experiencing trade deficits for the last couple of years which means that annual French exports are less than annual French imports. 
  5. French economy is the second biggest force of the European Union economy at the moment. Biggest European Union economy belongs to Germany.
  6. Main export products of France : Aircrafts (10.1 percent of total exports), food (9.7 percent), chemicals (9.5 percent), industrial machinery (8.3 percent), iron and steel (7.9 percent), electronics (6.7 percent), motor vehicles (6.3 percent) and pharmaceuticals (6.1 percent).
  7. Main import products of France :  Fuel (17 percent of total imports), electronics (11.3 percent), chemicals (8.5 percent), metal products (7.8 percent), industrial and agricultural machinery (7.5 percent), cars (7 percent), food and clothing.
  8. Biggest Export Partners of France : Germany (16.6%), Italy (8.2%), Spain (7.3%), Belgium (7.2%), United Kingdom (6.6%), United States (5.6%), Netherlands, China. 
  9. Biggest Import Partners of France : Germany (17%), China (8%), Belgium (7.8%), Italy (7.3%), Spain (6%), United States (5.6%) and United Kingdom (4.4%).
Biggest Banks in France and their SWIFT Codes : 









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What are the key points of consideration when working with a letter of credit which is issued in France? 

You should understand France economy, France exports and imports as well as France banks before you proceed to work with a letter of credit which is issued in France.
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Bank Name
Assets (billion USD)
Swift Code(BIC)
BNP Paribas
2,545.34
BNPAFRPP
Crédit Agricole Group
2,434.24
AGRIFRPP
Societe Generale
1,530.09
SOGEFRPP
Groupe BPCE
1,473.88
BPCEFRPP
Natixis
657.564
NATXFRPP
Capital
Paris
Government
Semi-presidential constitutional republic
Population
65,350,300
Gross domestic product, PPP
$2.609,00 billion
Currency
Euro (€) (EUR)
International Tel. Code
+33