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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 and EU 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.

According to Monaco Statistics, in 2017 the Principality recorded a negative trade balance of EUR 570.1 million. In fact, exports – at EUR 862.2 – were overtaken by imports (EUR 1.4 billion). Overall, Monaco's foreign trade showed more moderate growth in 2017 (+1.1 %) following the strong growth of 2016 (+11.1 %), with goods from the manufacture of other industrial products (perfumes, cosmetics, etc.) accounting for around 56.4 % of total trade. More than three-quarters of Monegasque trade is with partners on the European continent and mainly with members of the European Union (especially France and Italy). Monaco mainly purchases products from the textile industry, other manufacturing industries and manufactured transportation materials.

 

 
 
 

 
 

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: June 2018