AUTOMOTIVE STUDY 2025 / Šaroch (ed.) et al.

Table 2.6: TOP 5 countries: Passenger car exports from the EU (in thousand units)

2022

2023

Change 23/22

United Kingdom

1,064.7

1,235.9

+16.1% +15.7% +92.1% -14.4% +18.1%

US

692.3 313.8 391.5 168.4

800.8 602.8 335.3 198.9

Turkey China

Switzerland

Source: ACEA, Eurostat In 2023, passenger car exports from the European Union reached a total value of €176.6 billion. e United States was the largest customer, accounting for roughly one- fth of total passenger car exports with a value of €40.3 billion. e second most important market was the United Kingdom with €31.2 billion followed by China, which (as with the number of cars exported) saw a year-on-year decline of 20% to €19.3 billion. Table 2.7: TOP 5 countries: Passenger car exports from the EU (by value; in EUR million) 2022 2023 Change 23/22 US 36,033 40,281 +11.8 % United Kingdom 24,834 31,173 +25.5 % China 24,159 19,289 -20.2 % Turkey 5,817 12,543 +115.6 % Switzerland 5,894 7,475 +26.8 % Source: ACEA, Eurostat In 2023, the total number of passenger cars imported into the European Union was 3,848,000. e most important importers account for a relatively even share of this volume, with only the top importer, China, with 677 thousand imported passenger cars, exceeding the other countries. China also managed to signi cantly strengthen its position on the European market year-on-year. While the EU imported 170 thousand passenger cars from China in 2020, this number has risen signi cantly, in 2023 (by almost 40% year-on-year), putting China ahead of long-time leader Turkey. e improving economic situation in the European Union and rising purchasing power have also been re ected in EU passenger car imports. Virtually all major importers have seen double-digit growth, except South Korea, where growth in imported passenger cars was „only“ 5% compared to 2022. e share of key importers suggests that the market for passenger car imports into the EU is diverse and includes several major players. Increasing imports from China, which is gradually gaining a stronger position, are indicative of changing trade relations and of the growing competitiveness of Chinese cars in the European market.

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