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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 by predominantly intra-industrial trade, involving sectors such as automotive, pharmaceuticals, agri-food 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, representing 10.2% of the total.
According to ISTAT data, 2021 was a record year for Italian exports to France, with a value reaching approximately 53 billion euros, exceeding 50.5 billion in 2019 and 45 billion in 2020. The main export sectors include mechanics, 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 investments. Since 2015, Italian investments in the country have been steadily increasing, reaching around 32 billion euros, making France the main European destination for investment projects of 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 broad recognition at a global level, especially within the European Union, where more than half of Italian exports are directed (about 56%). Exploiting foreign markets therefore represents a great opportunity for Italian companies, promoting paths of internationalization outside the borders of Europe. Export to France, in particular, offers numerous advantages: among these are the geographical proximity, cultural affinity, shared values and solid political relations between the two nations. Furthermore, in recent years, the country has recorded a significant increase in GDP, positioning itself among the fastest growing European economies, making it a particularly interesting destination for Italian companies.
The French market, although extremely competitive, offers numerous opportunities, also 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 shoppers 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.
Furthermore, the export of Italian food and wine products to France is constantly growing, thanks to the uniqueness and variety of the products.Made in Italy'.
The sectors with the greatest prospects for future growth are the following:
As regards customs clearance and import documents, for intra-EU trade the following is required: Declaration of Assets (DEB). However, it is not necessary if the value of the EU goods does not exceed €460,000 or if it is the first exchange with the EU country.
For the customs classification of goods, France uses the NAF (French Nomenclature of Activities) and the CPF (French Product Classification). The updated versions NAF rev. 2 and CPF rev. 2 have been in force since 2008.
Customs duties in France are generally low, especially for industrial products, with an average of 4.2%. However, sectors such as textiles and agri-food are subject to higher duties and restrictive quotas.
If you wish 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 Modernization de l'Economie” has introduced measures to stimulate growth and employment, such as the Statute de l'Auto-entrepreneur, which facilitates the creation of small professional activities with a simplified regime. In 2019, the government passed the PACTE law, aimed at simplifying regulations for SMEs, encouraging their growth and exports.
Corporate tax (CIT) applies to profits generated in France, with rates ranging from 15% to 28% depending on the profits and the corporate structure. From 2022, the standard rate has been reduced to 25%.
Major taxes include:
Personal income tax is progressive, with rates ranging from 0% to 45% depending on income. 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 certain specific products, such as reimbursable medicines.
Octagona is a consulting firm with extensive experience in internationalization and can assist you if the objective of your business is 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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