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Mercosur provides 3% of EU imports, which represent 20% of the block’s exports

Friday, April 8th 2011 - 03:14 UTC
Full article 17 comments
Argentina’s exports are mainly food items Argentina’s exports are mainly food items

“Argentina is not a great trade partner for the European Union in absolute terms, but the EU is a crucial partner for Argentina”, pointed out the head of the EU delegation in Buenos Aires Alfonso Diez Torres.

Mercosur senior partners, Brazil and Argentina represent 2.79% of all EU outer zone imports equivalent to 41.6 billion US dollars. Argentina’s share is 0.63% (9.34 billion USD) and Brazil’s 2.16% (32.27 billion USD).

EU absorbs 20% of Mercosur exports and EU sales represent 13% of the South American block imports. Argentina’s imports from EU are equivalent to 0.55% of the 27 countries outer zone exports.

Diez Torres added that “60% of Argentina’s exports” to the EU is made up of “food items and live animals” while Argentina imports mainly “capital goods and intermediate inputs, equivalent to 32% of the country’s total overseas purchases, which soared 47% in 2010 over the previous year.

For Argentina, the EU is the second trade partner behind Brazil, and if countries are considered individually China jumps to second place with an overall trade of 13.45 billion US dollars. With Brazil Argentina has a trade deficit of 3.4 billion USD and with China, 1.85 billion USD.

With EU and China, Argentina’s main exports are commodities, mostly unprocessed, a condition the government of President Cristina Fernandez de Kirchner is in the process of trying to modify.

Categories: Economy, Mercosur.

Top Comments

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  • NicoDin

    “Argentina is not a great trade partner for the European Union in absolute terms, but the EU is a crucial partner for Argentina”

    Well its not what the statistics reflect.

    Imports partners:
    Brazil 31.12%, US 13.69%, China 10.26%, Germany 4.69%

    Exports partners:
    Brazil 18.78%, China 9.26%, Chile 7.11%, US 6.38%

    I will put in another way, Argentina is not a great trade partner for the EU but we are so bad and desperate that we (EU) need new markets to survive because the BRICs are taking over.

    Please Argies buy something remember your roots, please, please...

    Well viewing the figures seems Chile is more crucial than EU as a whole only Germany counts. Haha

    Apr 08th, 2011 - 06:42 am 0
  • yul

    Sentence below the article picture says everything !

    What Argentina exports :
    Productos Primarios /MOA/MOI/Combustibles Energia
    What Argentina imports :
    Bienes de Capital/Bienes de Intermedios/Combustibles y Lubricantes/
    Piezas y Accecorios para Bienes de Capital/ Bienes de Consumo.

    Argentina exports a good = ~1,37 / $-bu
    We export a good = ~200 -- 300 / $- kg

    Apr 08th, 2011 - 10:26 am 0
  • Pirat-Hunter

    Pakistan population = 169,708,303
    India population = 1,155,347,678
    China population = 1,331,460,000
    Russia population = 141,850,000
    EU = 1 pirat too many

    Argentina doesn't help or refuge pirats or does EU forget Malavinas Argentina ? europids are going have to bomb every populatin center on earth to drain our costumer pool,

    EU no thanks.

    Apr 08th, 2011 - 12:15 pm 0
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