European Union is Brazil`s first trading partner
The EU is Brazil’s first trading partner, accounting for 19.6%% of its total trade, and Brazil is the EU’s eleventh trading partner, accounting for 1.7% of total EU trade (2016) .EU imports from Brazil are dominated by primary products, in particular foodstuffs, beverages and tobacco products (18.2% of EU imports from Brazil), followed by vegetable products (17.9%) and mineral products (16.3%). Brazil is the single biggest exporter of agricultural products to the EU worldwide. EU’s exports to Brazil consist mainly of machinery and appliances (25.7%), chemical products (24.4%), and transport equipment (18.1%). The EU is the biggest foreign investor in Brazil with investments in many sectors of the Brazilian economy. The EU had 48.5% of its Latin American investments in Brazil in 2015.