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Trade Profile

Foreign Trade in Figures

Monaco's economy is open to trade. The country's customs regulations conform to French policies. The two nations are part of a Customs Union, and capital is free to move without restrictions between the two. As a result, the Principality is part of the European Union customs zone, without being a member of the European Union. French customs service collects duties on cargo that unloads in Monaco and pays a share to the Principality. Monaco imposes a tax on exports to all countries, except France. The country's low tax rates, very low unemployment rate and high standard of living provide a suitable environment for foreign trade.

Between 2014 and 2015, the Principality's trade deficit increased from EUR 2.4 million to EUR 65.7 million. This trend was reinforced in 2016, with a trade deficit of EUR 381.4 million. Exports amounted to EUR 905.8 million, while imports amounted to EUR 1.287 billion. Monaco's foreign trade grew faster than the world average, with the total volume of exchanges up by 7.5%.

International trade in Monaco remains dominated by the manufacturing sector. Products derived from the chemical industry, foodstuffs and transportation material account for the largest number of sales from the Principality. Monaco mainly purchases products from the textile industry, other manufacturing industries and manufactured transportation materials. Trade with the European Union has declined in recent years. However, the EU remains the Principality's top partner. In 2016, 80% of foreign trade in Monaco was carried out with countries of the European continent. China is also becoming a significant international partner.

 

 
 
 

 
 

Trade Compliance

Main International Economic Cooperation
The Principality of Monaco is a sovereign and independent state, linked closely to France by the Treaty of July 1918 & 1945 and the Agreement of 1963.
Useful Resources
National Organisation of Intellectual Property
The Intellectual Property Division.
 
 
 

 

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Last Updates: August 2017