Joint push raises hope of a solution to trade rules disputes

EU-Brazil trade

The value of trade between the EU and Brazil rose from €31.5 billion in 2003 to €53.9bn in 2007. Trade with the EU accounted for 23.5% of all Brazil's foreign trade in 2007, ahead of the US (16.9%) and China (9.2%). Brazil is the EU's tenth largest trading partner, accounting for 2% of its foreign trade.
Growth has been helped by increases in imports into the EU of food and ethanol from Brazil, and increases in exports from the EU of machinery, transport equipment and chemicals. Brazil is the single biggest exporter of agricultural products to the EU, responsible for 13.2% of total EU imports.
The increase in Brazilian exports has far outpaced that of the EU, widening the EU's trade deficit with Brazil, which increased from €6.7bn in 2003 to €11.3bn in 2007, although the EU has a surplus in trade in services of €500 million.