A surplus of 5.5 bn euro in EU28 trade in goods with Brazil in the first nine months of 2013

EU – Brazil Summit

EU28 exports to Brazil increased steadily between 2003 and 2008, before falling in line with the general effects of the financial crisis on EU trade in 2009, and then recovered very strongly to reach new record levels in 2010, 2011 and 2012. Imports also increased steadily until 2008 and then fell sharply, with a recovery afterwards, peaking in 2011 and then falling in 2012. EU28 exports to Brazil in 2012 amounted to 39.7 billion euro and imports to 37.4 bn.

The EU28 registered a continuous deficit in trade in goods with Brazil up to 2011, with a peak in 2007, turning to a surplus of 2.3 bn in 2012.

The first nine months of 2013 confirm the most recent trend, with EU28 exports to Brazil continuing to increase, from 29.6 bn euro in the first nine months of 2012 to 30.4 bn in the same period of 2013, while imports continued to fall, from 28.8 bn to 24.9 bn over the same period. As a result, the EU28 surplus in trade of goods with Brazil of 0.8 bn in the first nine months of 2012 increased significantly to 5.5 bn in the same period of 2013. Brazil accounted for just over 2% of the EU28′s international trade in goods, and was amongst the EU28′s ten most important trading partners in the first nine months of 2013.

On the occasion of the seventh European Union – Brazil summit, which will take place on 24 February 2014 in Brussels, Eurostat, the statistical office of the European Union, issues data on trade and investments between Brazil and the EU.

Germany, France and Italy account for over half of EU exports to Brazil

Among the EU28 Member States, Germany (8.7 bn euro or 29% of EU exports of goods) was by far the largest exporter to Brazil in the first nine months of 2013, followed by France (4.1 bn or 13%), Italy (3.7 bn or 12%), Spain (2.8 bn or 9%), Belgium (2.4 bn or 8%) and the United Kingdom (2.3 bn or 8%). The Netherlands (6.3 bn or 25% of EU imports) was the largest importer, followed by Germany (4.1 bn or 17%), the United Kingdom and Spain (both 2.5 bn or 10%), Italy (2.4 bn or 10%) and France (2.2 bn or 9%).

The largest surpluses in trade with Brazil in the first nine months of 2013 were observed in Germany (+4.6 bn euro), France (+1.9 bn) and Italy (+1.3 bn), and the largest deficit in the Netherlands (-4.5 bn).

In the first nine months of 2013, 86% of EU28 exports to Brazil were manufactured goods, while for imports primary goods accounted for 68% of EU28 imports from Brazil.

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Source: Eurostat.