EU27 and Brazil goods trade increases

Just over 2% of the EU27’s external trade in goods was accounted to Brazil, and was the ninth most important trading partner for the EU27 during the first half of 2011 according to a NSO report released today .

During the first six months of 2011, Malta’s trading of goods was recorded at 3 million euro in exports and 7 million euro in imports in comparison to 2 million and 9 million respectively recorded in 2010.

EU27 exports of goods to Brazil dropped to 21.6 billion euro in 2009, then recovered to reach a peak of 31.3 billion euro in 2010. Imports rose from 25.7 billion in 2009 to 32.4 billion in 2010, remaining below the level of 35.9 billion recorded in 2008. The EU27 deficit in trade in goods with Brazil fell steadily to 1.1 billion in 2010.

Growth in trade with Brazil from EU27 continued to grow during the first half of 2011 with a rise in exports from 14.8 billion in the first half of 2010 to 16.9 billion euro in the first half of 2011. Imports also rose from 14.9 billion to 18.5 billion during the same period. Manufactured goods accounted for approximately 90% of EU27 exports to Brazil.

Over a third of imports were for raw materials (such as rubber, wood, minerals to name a few) whilst food and drink accounted for just under a third. The main exports to Brazil were for motor vehicles and parts, medicine, aircraft and parts. Iron ore, coffee, oilcake, soya beans, wood pulp and crude oil were the main imports from Brazil to the EU27.

In 2010, 14.7 billion euro was invested in Brazil by EU27 Foreign Direct Investment (FDI) displaying a difference of 5.4 billion euro invested in 2009. In contrast, Brazilian direct investment amounted to 5.4 billion euro into the EU27 in comparison to 0.5 billion euro in 2009.