Brazilian exports covered by the Mercosur-EU agreement rise 21 per cent in its first five months

3 November 2026

Brazil's Ministry of Development, Industry, Trade, and Services has released the first scorecard of the Mercosur-European Union trade agreement. From May through September, the first five months in which the treaty's trade provisions applied provisionally, Brazilian exports of goods getting lower or zero import tariffs in the European market rose 21 per cent over the same months of 2025. Tariff preferences came into force on 1 May. Fresh avocados led the jump at 421 per cent, followed by honey at 367 per cent, corn oil at 266 per cent and ferrosilicon-manganese at 173 per cent. Raw aluminium rose 107 per cent, fuel oils 102 per cent and ethanol 95.2 per cent. Electrical transformers, which had sold nothing in the same months of 2025, brought in USD 39 million. Talks on the agreement began in 1999 and the documents were signed in January this year. The deal links markets of about 720 million people with a combined GDP above USD 22 trillion.