EU was EUR 9,500 million deficit in goods trade with Brazil in 2008

The European Union (EU) registered a deficit of about 9,000 million euro in their exchange of goods with Brazil in 2008, a period in which he obtained a surplus of nearly 3,000 million euros in trade in services, according to Eurostat data, the EU statistics office.
In addition, Brazil was the tenth largest trading partner of twenty-seven in the first half of 2009, representing 1.8% of exports and imports 2.1% of total EU trade.
During the summit between the EU and Brazil to be held in Stockholm on October 6, Eurostat published data for investment and trade between both sides.
Between 2000 and 2008, the value of exports of EU goods to Brazil increased by 56%, while imports almost doubled, so that the EU trade deficit with Brazil grew at that time and spent 1,800 million to 9,500 million in 2008.

Moreover, in the first six months of 2009, the EU trade deficit with Brazil was reduced to 3,300 million euros versus 5,500 million in the same period the previous year.
As pointed out by Eurostat, the decline in value of EU trade with Brazil from the first half of 2008 and 2009 "is in line with the general downward trend of the total EU external trade during the same period observed .

Brazil's share in total foreign trade of goods from the EU went from around 2% between 2000 and 2008.During the first six months of this year, Germany was the main European exporter to Brazil (3,100 million euros and 33% of EU exports), followed by France and Italy (1.200 million and 13% each).
The main importer was the Netherlands (2,700 million and 21% of total EU imports), ahead of Germany (2,500 million euros and 20%), the United Kingdom and Italy (1.300 million and 10% each ), France (1.200 million and 10%) and Spain (1,100 million and 9%).

Germany also registered the largest trade surplus with Brazil (600 million) during the first part of this year, followed by Austria (200 million).
The main deficits were registered in the Netherlands (2,100 million), the United Kingdom (600 million), Spain (500 million) and Belgium (400 million).
Moreover, in 2008 the EU exported services to Brazil for 9,000 million euros, while imports were 6,100 million, representing a surplus of 2,900 million euros of the Twenty in their exchange of services with the Latin American country, versus 600 million recorded in 2006 and 1,600 million in 2007.

Brazil accounted for about 1.5% of total services trade between the EU and third countries.
Finally, foreign direct investment from the EU to Brazil, amounting to 15,300 million euros in 2007, escalated to the divestiture of 3,400 million euros in 2008, while Brazilian direct investment in the EU grew from 1,600 million in 2007 to 6,900 million in 2008.