100/2015 - 9 June 2015 EU –Community of Latin American and Caribbean States (CELAC) summit CELAC represents the fifth most important trading partner of the EU More than €200 bn total trade The 28 Member States of the European Union(EU) and the 33 Latin American and Caribbean countries of the CELAC1are home to more than one billion people. CELACcountries also represent a major trading partner for the EU. After a significant decrease in 2009 following the financial crisis, the value of EU imports of goods from CELACrecovered to a new peak of €112.3 bn in 2012 and then fell to stand at €98.6 bn in 2014. Exports, which also declined in 2009, then recovered more strongly to reach a peak of €117.5 bn in 2013, before decreasing to €110.6 bn in 2014. As a result, the EUtrade balance with CELAC, which moved into surplus in 2012, stood at +€12.0 bn in 2014. Over the last ten years, the share of CELACin extra-EUimports remained almost stable at 5.9%, while its share in exports grew from 5.4% in 2004 to 6.5% in 2014. Together, CELACcountries would have been in 2014 the EU’s fifth most important trading partner, behind the United States, China, Russia and Switzerland. Evolution of EU exports and imports of goods with CELAC, 2004-2014 (in € billion) 02040608010012014020042005200620072008200920102011201220132014ExportsImportsOn the occasion of the second European Union–CELACsummit2, which will take place on 10 and 11 June in Brussels, Eurostat,the statistical office of the European Union, issues data on trade in goods between the CELAC membersandthe EU. Manufactured goods dominate EU exports, primary goods prevail in EU imports EUexports of goods to CELACare clearly dominated by manufactured goods, which accounted in 2014 for 87% of total EUexports to CELAC. Conversely, primary goods made up 66% of EUimports from CELACin 2014. As a result, the €67.8 bn surplus recorded by the EUin 2014 for its trade of manufactured goods with CELACis largely offset by a €54.6 bn deficit in primary goods.