Mercosur: Economic indicators and trade with EU

Abstract

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%.