With the signing of the Mercosur-EU Agreement, Brazil hopes to increase and diversify its sales to European countries. In 2025, 73% of Brazilian exports to the bloc were concentrated in five destinations, according to data from the MDIC (Ministry of Development, Industry, Commerce and Services).
Look:
- Netherlands (Holland): US$ 11.746 billion;
- Spain: US$8.794 billion;
- Germany: US$6.53 billion;
- Italy: US$5.379 billion;
- Belgium: US$4 billion.
The European Union is the second main destination for Brazilian exports, . Last year, 14.3% of products exported by Brazil went to the European bloc.
Imports of European products by Brazil totaled US$50.3 billion (17.9% of the total). As a result, the trade balance registered a deficit of US$480 million. During the period, trade between the two totaled US$ 100.1 billion.
Among the items that Brazil exported most to the European Union in 2025 are crude oil, unroasted coffee, soybean meal and other animal feed, copper and soybean ores.
Rio de Janeiro (US$9.888 billion), São Paulo (US$8.658 billion), Minas Gerais (US$7.51 billion), Pará (US$4 billion) and Mato Grosso (US$3.1 billion) were the states that exported the most to the bloc last year.
Agreement
The free trade agreement will integrate 720 million people and add a GDP (Gross Domestic Product) of US$ 22 trillion.
With the agreement, Mercosur will eliminate tariffs on 91% of EU exports over a 15-year period. The Europeans will progressively eliminate tariffs on 92% of Mercosur exports over a period of up to ten years.
Next Steps
With the signing of the agreement, it will still be necessary for the European Parliament and the Legislature of the Mercosur countries, individually, to approve the treaty for it to enter into force.
It is also necessary for Mercosur’s national parliaments to approve it. A clause inserted in the agreement guarantees, however, that if the Brazilian National Congress gives its approval – as well as the European Parliament – the treaty can now come into force, without the need for other South Americans to deliberate.
The president of the CRE (Foreign Relations Commission), Nelsinho Trad, stated in an interview with CNN that work in Congress aims to approve Mercosur-EU by July 2026, so that free trade will be in force in the second half of this year.
