After the excellent results recorded in 2014, the trade balance of the French cosmetics industry once again increased in the first half 2015.
French exports of cosmetic products rose in almost all the world’s areas. As a result, the trade balance of the cosmetics industry continues its strong expansion. The French trade surplus in this sector has reached 4.6 billion euros, an increase of 6.21% compared to 2014.
These figures confirm the dynamism of the French cosmetics industry on international markets. The cosmetics sector remains France’s second biggest net exporter behind aeronautics.
The European Union is the first destination of French cosmetics exports (47.7% of the total, i.e. almost 3 billion euros in H1 2015), far ahead of Asia (15.9%).
In parallel, the United States is the destination where exports have experienced the strongest growth (+ 25.67% compared to the 1st half of 2014). The increase in exports was also driven by the Middle East (+ 19%) and Latin America (+ 12.26%).
However, European countries outside the European Union, experienced a significant decline in exports (-11.26%).
“These figures are very positive and confirm last year’s trend. The French cosmetics industry can boast trade surplus with all the world’s regions. These results strengthen the position of our industry on the international cosmetics market,” says Armand Guyon, Head of Economic and International Affairs at the French Federation of Beauty Companies (FEBEA).