Germany, France and Italy account for over half of EU exports to Brazil
Among the EU28 Member States, Germany (8.7 bn euro or 29% of EU exports of goods) was by far the largest exporter to Brazil in the first nine months of 2013, followed by France (4.1 bn or 13%), Italy (3.7 bn or 12%), Spain (2.8 bn or 9%), Belgium (2.4 bn or 8%) and the United Kingdom (2.3 bn or 8%). The Netherlands1 (6.3 bn or 25% of EU imports) was the largest importer, followed by Germany (4.1 bn or 17%), the United Kingdom and Spain (both 2.5 bn or 10%), Italy (2.4 bn or 10%) and France (2.2 bn or 9%).
The largest surpluses in trade with Brazil in the first nine months of 2013 were observed in Germany (+4.6 bn euro), France (+1.9 bn) and Italy (+1.3 bn), and the largest deficit in the Netherlands1 (-4.5 bn).
In the first nine months of 2013, 86% of EU28 exports to Brazil were manufactured goods, while for imports primary goods accounted for 68% of EU28 imports from Brazil.
Growing surplus in EU trade of services with Brazil
Similarly to the trend seen for trade in goods, EU28 exports of services to Brazil increased between 2011 and 2012 (+17%), while imports decreased (-2%). In 2012, the EU28 exported 13.5 bn euro of services to Brazil, while imports amounted to 6.4 bn, meaning that the EU28 had a surplus of 7.1 bn in trade in services with Brazil, compared with +5.1 bn in 2011 and +4.3 bn in 2010. The EU28 had a surplus for all categories of services in 2012, in particular for travel (+2.0 bn), transportation (+1.8 bn) and royalties & license fees (+1.2 bn). Brazil accounted for a little less than 2% of total extra-EU28 trade in services.
EU28 net investor in Brazil
EU28 Foreign Direct Investment (FDI) flows to Brazil are significantly higher than FDI flows from Brazil to the EU28. In 2012, the EU28 invested 22.4 bn euro in Brazil, compared with 30.4 bn in 2011, 44.5 bn in 2010 and 12.4 bn in 2009, while Brazil invested 2.2 bn in the EU28 in 2012, compared with 13.0 bn in 2011, 9.9 bn in 2010 and 1.2 bn in 2009.