EU car exports lead to a surplus of €89.3 billion in 2024
- Portugal Business News
- 1 day ago
- 1 min read
EU automotive news - EU car exports and imports lead to a surplus of €89.3 billion in 2024. Here is the value of exports to the Top 5 countries buying cars made in the EU:
EU car exports in 2024 reached 5.4 million cars for a value of €165.2 billion, compared to car imports that reached 4.0 million cars for a value of €75.9 billion, resulting in a trade surplus of €89.3 billion.
Value of exports to the Top 5 countries buying cars made in the EU:
1 – United States - €38.9 billion
2 – United Kingdom - €34.3 billion
3 – China - €14.5 billion - exports to China experienced the largest drop, decreasing by 22.3%.
4 - Türkiye - €12.0 billion - the EU saw the biggest increase in car exports to Türkiye, rising by 364.1%
5 – Switzerland - €8.5 billion