Brazil and the EU are significant trading partners.
- Brazil’s trade with the EU accounts for 33.6 % of the EU’s total trade with the Latin American region (2014);
- Brazil holds 55 % of the entire EU investment stock in the region (2013);
- The EU is Brazil’s number one trading partner, accounting for 19.5 % of its total trade (2014);
- Brazil is the EU’s 10th largest trading partner, accounting for 2.0 % of total EU trade (2014);
- Brazil is the single biggest exporter of agricultural products to the EU.
EU imports from Brazil are dominated by primary products, especially: agricultural goods, fuels and mining products. Nevertheless, manufactured goods are also important and include: machinery, transport equipment and other consumer products.
EU exports to Brazil are mainly manufactured products such as machinery, transport equipment and chemicals.
The EU is also the biggest foreign investor in Brazil. About 50 % of foreign direct investment (FDI) flowing into Brazil comes from the EU.
Brazil’s import restrictions
According to the EU, Brazil is a G-20 country that has the highest number of new, potentially restrictive trade measures. As a result, the EU is encouraging Brazil to:
- reduce tariff and non-tariff barriers;
- maintain stable rules and regulations for European investors and traders.
Brazil and Mercosur
Brazil is a member of Mercosur, the South American trading bloc. The EU is negotiating an Association Agreement — including a free trade area — with this regional body.
The agreement should provide a boost to regional trade integration among Mercosur members. It should also increase trade and investment opportunities with the EU through the removal of tariff and non-tariff barriers.
The EU Delegation’s Trade Section
The Trade Section monitors Brazil’s trade policies. It also represents the EU locally in trade-related matters. The team works closely with the Brazilian government, as well as representatives from industry and civil society. The aim is to explain EU trade policy and report on any new developments.
Useful links for trade, investment and business
ELAN European and Latin American Business Services: