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Brazil-EU trade in goods: €2 billion surplus

29/07/2019

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Brazil was the EU's 11th largest partner for imports of goods (2% of total extra-EU imports) and the 16th largest for EU exports of goods (2% of total extra-EU exports) in 2018.

Graph illustrating the trade balance for the EU and Brazil from 2008 until 2018

The EU ran a trade deficit with Brazil (meaning that it imported more than it exported) from 2008 to 2011. This trade deficit turned into a surplus in 2012, reaching €2 billion. The surplus was maintained until 2018, when it reached €2 billion. In 2018, the value of goods exported from the EU to Brazil was €34 billion, while €32 billion worth of goods was imported from Brazil to the EU.

Infographic illustrating the trade balance between Brazil and the EU in 2018

In 2018, EU exports to Brazil were dominated by "machinery and vehicles", "chemicals" and "other manufactured products", which together accounted for 85% of EU exports of goods to Brazil. EU imports of goods from Brazil mainly consisted of "raw materials", "food and drink", and "energy" (68%). At a more detailed level, "motor vehicle parts" were the EU’s most exported product to Brazil, while the most imported product from Brazil was "iron ore".


The Netherlands and Germany: main traders with Brazil among the Member States
Among the Member States, the Netherlands was the largest importer of goods from Brazil (€6 billion), while Germany was the largest exporter to Brazil (€9 billion) in 2018.

 

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