In 2024, the European Union imported €56.0 billion worth of goods from the four founding Mercosur countries—Argentina, Brazil, Paraguay, and Uruguay—and exported €55.2 billion in return. Feeding stuff for animals, valued at €7.1 billion, ranked among the EU’s most significant import categories.

Over the past decade, EU imports from Mercosur increased by €18.8 billion (+50.3%) and exports rose by €11.1 billion (+25.1%).

In 2024, Brazil was the EU’s largest trading partner among the Mercosur countries, with a total trade volume of €89.5 billion, followed by Argentina at €16.4 billion.

The majority of the EU’s imports from these Mercosur countries consisted of primary goods (81.3% of total imports), while manufactured goods made up most of the EU’s exports to the region (86.6%). This data was published by Eurostat, the statistical office of the European Union, in late June.

The EU’s top imports in terms of value were petroleum and related products (€12.1 billion), feeding stuff for animals (€7.1 billion), coffee, tea, cocoa, and spices (€5.2 billion), metalliferous ores and metal scrap (€4.9 billion), and oil-seeds and oleaginous fruits (€3.7 billion). Among these, petroleum and related products recorded the largest increase over the last 10 years, rising by €10.6 billion.

The main EU exports to Mercosur were medicinal and pharmaceutical products (€6.8 billion), general industrial machinery and equipment (€5.4 billion), road vehicles (€4.8 billion), machinery specialized for particular industries (€3.4 billion), and electrical machinery, apparatus and appliances (€3.0 billion). Among these, medicinal and pharmaceutical products showed the highest growth, increasing by 85.9% from €3.7 billion in 2014.