France is considered as the sixth largest economy in whole world in terms of USD exchange rate. It stands fourth largest in PPP or purchasing power parity. France has a very low poverty rate along with rating lowest in terms of inequality. The labor force of France is 27.88 million as recorded in the year 2006. the labor force involved in industries are 24.4% and those involved in various services constitute a significant percentage of 71.5%. people engaged in agriculture in France are only 4%.
To understand the Role of Import on Trade and Industrialization in France, it should be taken into consideration that it imports around 529.1billion US Dollar according to the report in the year 2005. Some of the goods imported by France are equipment, machinery, crude oil, vehicles, chemicals, plastics and aircraft. So, mainly the country of France imports industrial products as there is abundance of agricultural products in France. The importing partners of France are United Kingdom, Belgium, Germany, Spain, Italy, United States and Netherlands. France mainly imports items items from these countries though there are some other countries, which are also import trading partners of France.
To understand the Role of Import on Trade and Industrialization in France, the export mechanisms should also be taken into consideration. The export partners of France are Italy, Germany, United States, United Kingdom and Belgium. France produces an excess of some items which it export to other countries. Some of these items are machinery along with transportation equipment, plastics, aircraft, pharmaceutical products, chemicals, beverages and also steel and iron related products. It exported an amount of 490 billion of US Dollar.
Regarding agriculture of France, dairy products along with poultry, pork, are produced in large quantities. There are lots of wheat farms in France. Vegetables and fruits are produced in central France. Tourism is also an important segment if the country's economy. France supplies arms to other countries and it is the third largest in terms of supply. It also exports a lot of weaponry to middle East.
France is also involved in external trade and it is the second largest one in western Europe and ranks just after Germany. It exports some items to United States, which are, chemicals, beverages, engines and aircrafts, electrical equipments, various types of luxury products, cosmetics. It is a major producer of perfume in whole world. It is the ninth among the trading partnership with United states.
France has also developed the nuclear power, which produces about 78% of the total electricity production. The wastes from these nuclear plants are also stored on the site itself for future facilities of reprocessing.
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