Cars, in 5 years the productions and exports have fallen from the EU nations | EUROtoday

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The automotive market slows down: in 2024 each exports and automobiles imports, each on the European Union and Italy ranges. To describe this situation is the report of the Eurostat which analyzes the pattern of the sector within the context of 2024. According to information, the EU exported 5.4 million automobiles and has imported 4 million. Compared to 2019, the variety of automobiles exported decreased by 13.2% and that of imported automobiles of three.0%.

Exports for 165.2 billion euros

On the extent of the financial worth, the 2024 automotive exports are value € 165.2 billion, whereas imports 75.9 billion euros, “with consequent commercial surplus of 89.3 billion euros”. Most of the automobiles exported in 2024 was offered between the United States and the United Kingdom, with values ​​equal to 38.9 billion euros within the first case and 34.3 within the second. Following China with 14.5 billion euros, then Turkey with 12.0 billion euros and Switzerland with 8.5 billion euros.

Export to Türkiye grows

“Looking at the main export partners between 2019 and 2024, the EU saw the largest increase in car exports to Turkey, an increase of 364.1% – reads again -. On the contrary, exports to China have undergone the major drop, decreasing by 22.3%. “As regards the imports that characterised the EU nations, within the first place within the checklist of suppliers, with an financial quantity of 12.7 milestones of euros there may be China, adopted by Japan with 12.3 billion. In third place, with 11 billion euros, the United Kingdom, adopted by Türkiye with 9.1 billion euros and the United States with 8.4 billion euros.

“From 2019 to 2024 – continues the report -, the EU has recorded the most significant increase in cars imports from China, with an increase of 1591.3%. On the other hand, imports from the United Kingdom saw the highest drop, down by 17.1%».

The cake has shrunk

To trace the scenario that concerns the European context, but also the Italian one, is Andrea Cardinali, general manager of Unrae, the association that represents the foreign houses operating on the Italian market of cars, commercial and industrial vehicles, buses and caravan and motorhomes. “In 5 years, between 2019 and 2024, the European market misplaced 18.4%, whereas within the meantime the manufacturing fell by 20% – he says -. The cake has restricted and the business stands with problem, as a result of the home one is the primary reference market. It have to be borne in thoughts that in Europe there are additionally many gamers who will not be European ».