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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between United States and France, each channel at its own period. Left, United States to France; right, France to United States.

Finance to trade

positions ÷ goods, both directions
Finance to trade21×positions ÷ goods, both directions
Financial positions, both directions2,788USD bn
Goods, both directions132USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceUnited States → FranceFrance → United Statesother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 61.9 / 69.9050100Bank claims · quarterly · USD bnQ2 2026 · 160 / 4830250500Portfolio holdings · half-yearly · USD bnDec 2025 · 901 / 92405001,000Direct investment · annual · USD bn2024 · 60.1 / 2590250500Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 21×0.0×25×50×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods United States → France

Aug 2025–Jul 2026

exports of United States to France, 12 months

Exports, 12 months61.9USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods France → United States

Aug 2025–Jul 2026

exports of France to United States, 12 months

Exports, 12 months69.9USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

United States → France

Q2 2026

loans and deposits of banks in United States on residents of France

Position160USD bn
Flow in the quarter+10.2USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

France → United States

Q2 2026

loans and deposits of banks in France on residents of United States

Position483USD bn
Flow in the quarter+38.6USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

United States → France

Q4 2025

securities issued in France held by investors in United States

Total901USD bn
Equity660USD bn
Debt securities241USD bn
Sources

Holder to issuer, Q4 2025.

France → United States

Q4 2025

securities issued in United States held by investors in France

Total924USD bn
Equity443USD bn
Debt securities481USD bn
Sources

Holder to issuer, Q4 2025.

United States → France

2024

position of investors in United States in France

Position60.1USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

France → United States

2024

position of investors in France in United States

Position259USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.