Members' Research Service By / December 11, 2019

Mercosur: Economic indicators and trade with EU

Mercosur, the ‘southern common market’, was founded in 1991 when Argentina, Brazil, Paraguay, and Uruguay signed the Treaty of Asunción.

© European Union 2022, EPRS

Written by Györgyi Mácsai (updated on 13.12.2022).
In cooperation with Igor Tkalec (from GlobalStat | EUI).

Our infographic provides an insight to the uneven economic development of Mercosur countries and to the dynamics of EU-Mercosur trade relations in the past 15 years. Smaller economies like Paraguay and Uruguay seemed to be more resilient to economic hardships than their bigger neighbours, both in terms of GDP growth and unemployment. Although trade of goods between the EU and Mercosur countries have quickly recovered by 2021 after the Covid-19 pandemic, it has still not reached peak levels that had been registered for EU imports in 2012 and for EU exports in 2013. While the EU is Mercosur’s second biggest trade partner after China, accounting for 17% of its overall trade, Mercosur’s share in EU total trade amounts to 2.0 %.

Download this infographic on ‘Mercosur: Economic indicators and trade with EU‘ in PDF.

GlobalStat, a project of the EUI’s Robert Schuman Centre for Advanced Studies and the Francisco Manuel dos Santos Foundation aims to offer the best available gateway to statistical data. It is easily accessible, intuitive to use, and free of charge. In just three clicks it offers data from 1960 onwards for 193 UN countries, five continents and 12 political and regional entities – including the European Union – gathered from over 80 international sources. The project, presents data as diverse as income distribution, water resources, housing, migration, land use, food production, nutrition, or life expectancy, which contributes to a better understanding of the interrelations between human living conditions and globalisation trends.

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