Mercosur-EU agreement boosts Brazilian exports by 21%

The trade agreement between Mercosur and the European Union has positively impacted Brazilian exports, with a 21% increase in sales of products benefiting from tariff reductions from May to September 2026 compared to the same period in 2025. Notable increases were seen in fresh avocados, honey, and corn oil, with exports rising by 421%, 367%, and 266%, respectively. The Brazilian Ministry of Development reported that various industrial sectors also experienced growth in sales to the EU. The agreement, which began provisional application on May 1, 2026, aims to enhance competitiveness and open new opportunities for Brazilian companies. The MDIC provides resources to help businesses navigate the new tariff preferences.