In 2024, the EU imported €56.0 billion and exported €55.2 billion worth of goods from the four founding Mercosur (Mercado Común del Sur, in English Southern Common Market) countries – Argentina, Brazil, Paraguay and Uruguay. Compared with 2023, imports increased by 4.2%, whereas exports decreased slightly by 1.3%.
Looking back to the past decade, EU imports went up by €18.8 billion (+50.3%) and exports by €11.1billion (+25.1%).
In 2024, the largest Mercosur partner measured by its share in total EU trade (imports and exports) was Brazil (€89.5 billion), followed by Argentina (€16.4 billion). Read more.