The foreign trade balance between the 27 European Union countries and Mercosur's full members (Argentina, Brazil, Paraguay and Uruguay) had been in favor of the EU between 2012 and 2021. Inter-regional trade between these two blocs went from Mercosur having a trade surplus of almost six billion euros in 2011 to a foreign trade balance in favor of the EU of over eight billion euros in 2013. In 2022, though, the EU imported around 7.5 billion euros more than it has exported to the Mercosur. But in 2023, the balance became positive again for the Europeans, amounting to nearly 1.9 billion euros.
Foreign trade balance between the European Union and Mercosur from 2010 to 2023
(in billion euros)
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European Commission. (May 16, 2024). Foreign trade balance between the European Union and Mercosur from 2010 to 2023 (in billion euros) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1023648/foreign-trade-balance-european-union-mercosur/
European Commission. "Foreign trade balance between the European Union and Mercosur from 2010 to 2023 (in billion euros)." Chart. May 16, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1023648/foreign-trade-balance-european-union-mercosur/
European Commission. (2024). Foreign trade balance between the European Union and Mercosur from 2010 to 2023 (in billion euros). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1023648/foreign-trade-balance-european-union-mercosur/
European Commission. "Foreign Trade Balance between The European Union and Mercosur from 2010 to 2023 (in Billion Euros)." Statista, Statista Inc., 16 May 2024, https://www.statista.com/statistics/1023648/foreign-trade-balance-european-union-mercosur/
European Commission, Foreign trade balance between the European Union and Mercosur from 2010 to 2023 (in billion euros) Statista, https://www.statista.com/statistics/1023648/foreign-trade-balance-european-union-mercosur/ (last visited November 23, 2024)
Foreign trade balance between the European Union and Mercosur from 2010 to 2023 (in billion euros) [Graph], European Commission, May 16, 2024. [Online]. Available: https://www.statista.com/statistics/1023648/foreign-trade-balance-european-union-mercosur/
