Merchandise Trade
Intra-Mercosur merchandise trade (excluding Venezuela) grew from US$10 billion at the inception of the trade bloc in 1991, to US$88 billion in 2010; Brazil and Argentina each accounted for 43% of this total. The trade balance within the bloc has historically been tilted toward Brazil, which recorded an intra-Mercosur balance of over US$5 billion in 2010. Trade within Mercosur amounted to only 16% of the four countries' total merchandise trade in 2010, however; trade with the European Union (20%), China (14%), and the United States (11%) was of comparable importance. Exports from the bloc are highly diversified, and include a variety of agricultural, industrial, and energy goods. Merchandise trade with the rest of the world in 2010 resulted in a surplus for Mercosur of nearly US$7 billion; trade in services, however, was in deficit by over US$28 billion. The EU and China maintained a nearly balanced merchandise trade with Mercosur in 2010, while the United States reaped a surplus of over US$14 billion; Mercosur, in turn, earned significant surpluses (over US$4 billion each in 2010) in its trade with Chile and Venezuela. The latter became a full member in 2012.
| Country | Population in 2011 (In thousands) |
GDP (nominal) in 2011 (USD millions) | GDP (nominal) per capita | GDP (PPP) in 2011 (USD millions) | GDP (PPP) per capita | Merchandise exports ($ billions), 2011 |
Merchandise imports ($ billions), 2011 |
Exports to Mercosur (% of each, 2010) |
Imports from Mercosur (% of each, 2010) |
|---|---|---|---|---|---|---|---|---|---|
| Argentina | 700440900000000000040,900 | 7005447644000000000447,644 | 700410945000000000010,945 | 7005716419000000000716,419 | 700417516000000000017,516 | 700184300000000000084.3 | 700173900000000000073.9 | 700125200000000000025.2 | 700133600000000000033.6 |
| Brazil | 7005194933000000000194,933 | 70062492908000000002,492,908 | 700412789000000000012,789 | 70062294203000000002,294,203 | 700411769000000000011,769 | 7002250800000000000250.8 | 7002219600000000000219.6 | 700111100000000000011.1 | 70008900000000000008.9 |
| Paraguay | 70036530000000000006,530 | 700421236000000000021,236 | 70033252000000000003,252 | 700435346000000000035,346 | 70035413000000000005,413 | 70009800000000000009.8 | 700112100000000000012.1 | 700129000000000000029.0 | 700142000000000000042.0 |
| Uruguay | 70033369000000000003,369 | 700446872000000000046,872 | 700413914000000000013,914 | 700450908000000000050,908 | 700415113000000000015,113 | 70008000000000000008.0 | 700110700999990000010.7 | 700133800999990000033.8 | 700148800000000000048.8 |
| Venezuela | 700429767000000000029,767 | 7005315841000000000315,841 | 700410610000000000010,610 | 7005374111000000000374,111 | 700412568000000000012,568 | 700192600000000000092.6 | 700146400000000000046.4 | 70002400000000000002.4 | 700118000000000000018.0 |
| Total | 7005275499000000000275,499 | 70063324501000000003,324,501 | 700412067000000000012,067 | 70063471027000000003,471,027 | 700412599000000000012,599 | 7002445500000000000445.5 | 7002362700000000000362.7 | 700113200000000000013.2 | 700116800000000000016.8 |
Read more about this topic: Mercosur
Famous quotes containing the word trade:
“The girl must early be impressed with the idea that she is to be “a hand, not a mouth”; a worker, and not a drone, in the great hive of human activity. Like the boy, she must be taught to look forward to a life of self-dependence, and early prepare herself for some trade or profession.”
—Elizabeth Cady Stanton (1815–1902)