Facts and Figures
Key Statistics on the EU–Mercosur Agreement
Market size
Combined population: more than 700 million consumers
+270 million consumers in the Mercosur market
around 450 million consumers (EU-27)
Countries involved
27 European Union countries
Germany, Austria, Belgium, Bulgaria, Cyprus, Croatia, Denmark, Slovakia, Slovenia, Spain, Estonia, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Czechia, Romania and Sweden
4 Mercosur countries
Brazil, Argentina, Uruguay and Paraguay
EU–Mercosur trade
In 2024, EU trade with Mercosur reached more than €111 billion: €55.2 billion in exports and €56 billion in imports. More than 80% of trade flows were recorded between the EU and Brazil.
The EU is the second largest Mercosur partner in goods trade, representing almost 17% of Mercosur’s total trade in 2024. Mercosur is the EU’s tenth largest partner in goods trade.
Between 2014 and 2024, goods trade between the EU and Mercosur grew by more than 36%: imports increased by more than 50%, while exports increased by 25%.
Main goods exported from the EU to Mercosur
Main goods imported from Mercosur to the EU
Tariffs and market access
Tariff liberalisation: Mercosur will remove tariffs on 91% of EU imports, while the EU will eliminate tariffs on 95% of Mercosur imports, covering most goods trade.
Implementation timeline: Tariff elimination will be gradual, with the EU removing tariffs within up to 12 years and Mercosur within up to 15 years, allowing industrial adaptation.
Up to €4 billion per year in savings for European exporters through tariff reductions.
Current tariffs in Mercosur (before the agreement):
Estimated economic impact
+€80 billion impact on the EU economy (long term)
+0.05% of European Union GDP
Sectors with the highest expected growth in EU exports
Agri-food sector
Beverages: expected growth of +€608 million (+53%)
Geographical Indications
344 European Geographical Indications protected in Mercosur (e.g. wines, cheeses, spirits and regional products)Small and Medium-sized Enterprises
+30,000 European SMEs already export to Mercosur
Specific chapter in the agreement dedicated to SMEs
Sustainability and investment
€1.8 billion in EU funding for green and digital transition in Mercosur
Binding commitments aligned with the Paris Agreement
Stronger measures against deforestation and to ensure food security