Many Italian companies are interested in export to France, facilitated by a high level of economic interdependence between the two countries, a unique feature in the European context. This close relationship is facilitated by geographical and cultural proximity, as well as predominantly intra-industrial trade, involving sectors such as automotive, pharmaceuticals, agribusiness and electronics. Although economic relations between Italy and France are already well established, there are still ample opportunities for growth. France is in fact the third target market for Italian exports, accounting for 10.2% of the total.
According to ISTAT data, 2021 was a record year for Italian exports to France, with the value reaching about 53 billion, exceeding 50.5 billion in 2019 and 45 billion in 2020. The main export sectors include mechanical engineering, automotive, steel, furniture, pharmaceuticals and fashion.
In addition to trade, economic relations between Italy and France are further strengthened by strong industrial integration, supported by growing mutual investment. Since 2015, Italian investment in the country has been steadily increasing, reaching about 32 billion euros, making France the top European destination for investment projects by Italian companies.
In this article we analyze the key aspects that characterize Italian exports to this nation, and the relevant regulations to be aware of.
Made in Italy enjoys wide recognition globally, especially within the European Union, where more than half of Italian exports (about 56%) are headed. Taking advantage of foreign markets therefore represents a great opportunity for Italian companies, fostering paths of internationalization outside European borders. Exporting to France, in particular, offers numerous advantages: among these are the geographical proximity, cultural affinity, shared values and strong political relations between the two nations. In addition, the country has experienced significant GDP growth in recent years, ranking among Europe's fastest-growing economies, making it a particularly attractive destination for Italian companies.
The French market, although extremely competitive, offers numerous opportunities, including for the digital export. French consumers tend to prefer local brands, appreciate product quality, and value excellent customer service. Sectors such as fashion are particularly relevant, with buyers paying attention not only to quality, but also to factors such as sustainability, ethical production, and customization.
Italian design, with its perfect combination of tradition and innovation, exerts an irresistible attraction on French consumers.
In addition, the export of Italian food and wine products to France is growing steadily, thanks to the uniqueness and variety of products ‘Made in Italy‘.
The sectors with the greatest prospects for future growth are as follows:
With regard to customs clearance and import documents, intra-EU trade requires the Declaration of Goods (DEB). However, it is not necessary if the value of the EU goods does not exceed 460,000 € or if it is the first trade with the EU country.
For customs classification of goods, France uses NAF (Nomenclature of French Activities) and CPF (Classification of French Products). Since 2008, the updated NAF rev. 2 and CPF rev. 2 have been in force.
Customs duties in France are generally low, especially for industrial products, averaging 4.2%. However, sectors such as textiles and agribusiness are subject to higher duties and restrictive quotas.
If you want to export to France and open a branch in the territory, it is useful to know that the most common corporate forms include:
The “Loi de Modernisation de l'Economie” introduced measures to stimulate growth and employment, such as the Statute de l'Auto-entrepreneur, which facilitates the creation of small professional businesses with a simplified regime. In 2019, the government passed the PACTE law, aimed at simplifying regulations for SMEs, boosting their growth and export.
Corporate income tax (IS) applies to profits generated in France, with rates varying from 15% to 28% depending on profits and corporate structure. From 2022, the standard rate has been reduced to 25%.
The main taxes include:
Personal income tax is progressive, with rates ranging from 0% to 45% depending on income. The TVA in France has four rates: the standard rate of 20%, a reduced rate of 10%, a second reduced rate of 5.5%, and a special rate of 2.1% for some specific products, such as reimbursable medicines.
Octagona is a consulting firm with extensive experience in internationalization and can assist you if your business goal is to export to France. We offer support at every stage of the process and help you penetrate this promising market. Contact us for more information.
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