2 76 China , theEUandLatinAmerica:CurrentIssuesandFutureCooperation EU represented approximately 2.7 per cent oftotal European exports. Individually , theUnitedStates ( 24.5percent ), Switzerland ( 7.5percent ), Russia ( 7.2percent ) andChina ( 6.7percent ) arethemaindestinationofEU exports. 犜犪犫犾犲5 犈犝犈狓狆狅狉狋狊犫狔犚犲犵犻狅狀犪狀犱犛犲犾犲犮狋犲犱犈犮狅狀狅犿犻犲狊 , 20062007 ( 犝犛犇犿犻犾犾犻狅狀 ) 2006 % 2007 % World 1 , 270 100 1 , 465 100 North America 373 29.4 395 27.0 UnitedStates 340 26.8 359 24.5 LatinAmerica 76 6.0 95 6.5 MERCOSUR 30 2.4 39 2.7 CIS 132 10.4 175 12.9 Africa 115 9.1 141 9.6 MiddleEast 177 13.9 205 14.0 Asia 311 24.5 363 24.8 China 80 6.3 98 6.7 Notes:WeexcludedintraEU27and “ OtherEurope ” fromtheoriginalstatistics. Source:PreparedbytheauthorsbasedonCOMTRADEstatistics. AmongindividualEU members , Germany ( 18percent ), theNetherlands ( 15.7percent ) andItaly ( 13.1percent ) werethemostimportantdestinations forMERCOSURsexports.Notably , asanEUentrypoint , theNetherlands ( theportofRotterdam ) accountsforanimportantshareofimportsonentry ( suchasironorefromBrazil ) .Germany ( 30percent ), France ( 15percent ) and Italy ( 15percent ) arethemainexporterstoMERCOSUR. 4.1 ExportandImportTrends Intheperiod19901998 , MERCOSURregisteredatradedeficitwiththe EU.From1998on , thisstartedtogointoreverse.Inthe2000s , asshown below , acontinuoustradesurplusinfavourofMERCOSURcanbeidentified. Indeed , thefigureindicatesarelativelystabledevelopment:anaverageofUSD 10.4billion / yearintheperiod20032008.
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China, the EU and Latin America : current issues and future cooperation
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