European Automotive Industry in the Century of Asia

In 2021, however, the situation reversed, and EU passenger car exports increased to EUR 126.8 billion (+4.7% compared to the previous year). Table 2.5: Passenger car exports from the EU27 (by value; in EUR million)

2020

2021

Change +9.1% -22.7% +16.5% +2.1% -7.0% +8.2% -21.8% +38.4% +41.3% +25.9%

US

23,372 28,106 18,178

25,508 21,727 21,172 6,408 6,350 6,091 4,655 4,307 3,026 2,610

United Kingdom

China

Switzerland South Korea

6,278 6,829 5,630 5,953 3,112 2,145 2,074

Japan

Turkey Norway

Russia

Australia

Source: ACEA, Eurostat The share of imported passenger cars (3,097,550 units in total) is remarkably balanced among the principal EU importers, the share of six countries being between 12% and 15%. The top importer by number of cars is Turkey, followed by China and Japan. China, ranked second, imported “only” 170,000 cars into the EU in 2020, compared to 435,000 in 2021, an increase of 156%! Japan (-17.2%), the UK (-22.5%) and the US (-20.4%) saw double-digit declines. Table 2.6: Passenger car imports into the EU27 (in units) 2020 2021 Change Turkey 494,081 458,769 -7.1% China 169,803 435,080 156.2% Japan 483,358 401,276 -17.2% United Kingdom 507,383 393,410 -22.5% South Korea 318,493 377,404 18.5% US 387,720 308,506 -20.4% Morocco 240,488 270,977 12.7% Mexico 170,600 178,267 4.5% South Africa 124,892 93,483 -25.1% Switzerland 48,052 53,966 12.3% Source: ACEA, Eurostat

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