Disco Central Banker

What does the EU import from Mercosur? This is a hot topic, and people may be missing some of the facts. EU countries import from Mercosur key products that are not produced locally or that Europe needs in large quantities. The main product Europe gets from Mercosur is crude oil from Brazil. Other key imports include soybean meal (animal feed), wood pulp, coffee, copper, iron ore, and tobacco. Top 10 EU imports from Mercosur 🛢️ Crude petroleum — $10.40 🌱 Soybean meal — $7.08 ☕ Coffee — $3.40 🌾 Soybeans — $3.22 🪵 Sulfate chemical wood pulp — $2.86 🧲 Copper ore — $2.53 🪨 Iron ore — $1.76 🧃 Fruit juice — $1.72 ⚙️ Ferroalloys — $1.27 ⛽ Refined petroleum — $1.27 Trade between the EU and Mercosur has recently been relatively balanced, with each bloc sending and receiving about $60 billion in exports to and from the other. For the EU, this represents less than 1% of its total trade (of about $6.7 trillion) and roughly 2.2% of its external trade (trade with non-EU countries). However, the products that Europe exports to Mercosur tend to be among the most sophisticated goods Europe produces (medicines, vehicle parts, electric generators, etc.). This makes trade between these two blocs more complementary than, for instance, trade between Europe and China, which is often tech-versus-tech. Top EU exports to Mercosur ⛽ Refined petroleum — $3.92 💉 Vaccines, blood, antisera, toxins & cultures — $3.91 🚗 Motor vehicles; parts & accessories — $3.22 💊 Packaged medicaments — $3.10 🚘 Cars — $1.54 🧪 Nitrogen heterocyclic compounds — $1.10 ⚙️ Gas turbines — $1.07 ✈️ Planes, helicopters & spacecraft — $0.93 🔩 Transmissions — $0.84 🌀 Centrifuges — $0.73 You can explore these patterns and more for free using the OEC’s trade blocs and treaties profiles. 👇 oec.world/en/profile/interna…