The United States, with €38.9 billion, was the top destination for EU car exports in 2024, according to figures released by Eurostat, with the United Kingdom in second place with €34.3 billion.

Trade in cars - Photo by Tom Fisk on Pexels

The data released by the EU’s statistics agency showed that China was next, with €14.5 billion, then Türkiye with €12.0 billion and Switzerland with €8.5 billion.

Looking at the top export partners between 2019 and 2024, the EU saw the biggest increase in car exports to Türkiye, rising by 364.1%. In contrast, exports to China experienced the largest drop, decreasing by 22.3%.

In 2024, the EU exported 5.4 million cars and imported 4.0 million cars. Compared with 2019, the number of exported cars dropped by 13.2% while the number of imported cars decreased by 3.0%.

Measured in value, in 2024, the EU exported €165.2 billion worth of cars and imported €75.9 billion, resulting in a trade surplus of €89.3 billion. Compared with 2019, exports rose by 17.7% (+€24.8 billion), and imports increased by 20.0% (+€12.7 billion).

The decreased number of exported and imported cars, along with the increased trade values, reflect the rise in prices between 2019 and 2024.

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