In 2024, the European Union recorded a trade deficit of €11.1 billion in aluminium and related articles, according to the latest data from Eurostat. Imports totalled €29.5 billion, while exports reached €18.4 billion. Compared to 2019, the value of aluminium imports rose by 29.9%, or €6.8 billion, while exports increased by 21.3%, or €3.2 billion. This growth in trade value occurred despite a decline in the actual volume of traded aluminium, with imports down by 6.2% and exports down by 1.7%. The figures suggest that price increases, rather than volume, were the primary driver of the higher trade values. Norway and China were the EU’s largest suppliers of aluminium and related goods in 2024, with imports valued at €4.4 billion and €3.9 billion, respectively. Türkiye, Iceland, and Switzerland followed, with significant growth in imports from Iceland (+104.9%) and Türkiye (+95.4%) compared to 2019. On the export side, the United Kingdom was the leading destination, receiving €3.7 billion worth of aluminium from the EU. The United States and Switzerland followed with €2.6 billion and €2.4 billion, respectively. Türkiye and India rounded out the top five, with India seeing the sharpest growth in EU aluminium exports since 2019 at +135.6%, followed by Türkiye with +66.7%. Source: Eurostat