In 2024, the European Union exported 5.4 million cars and imported 4.0 million. While the number of vehicles traded decreased compared to 2019—exports fell by 13.2% and imports by 3.0%—the overall value of car trade rose significantly. The EU exported €165.2 billion worth of cars and imported €75.9 billion, resulting in a trade surplus of €89.3 billion. The rise in trade values, despite a decline in volumes, reflects a general increase in car prices over the five-year period. Compared to 2019, the value of car exports increased by 17.7% (€24.8 billion), and imports rose by 20.0% (€12.7 billion). The United States and the United Kingdom were the EU’s largest export markets for cars in 2024, accounting for €38.9 billion and €34.3 billion, respectively. China ranked third with €14.5 billion, followed by Türkiye (€12.0 billion) and Switzerland (€8.5 billion). Among these, Türkiye saw the largest growth in exports from the EU between 2019 and 2024, with an increase of 364.1%. In contrast, exports to China declined by 22.3% over the same period. On the import side, China and Japan were the main sources of cars entering the EU, with values of €12.7 billion and €12.3 billion, respectively. The United Kingdom supplied €11.0 billion worth of cars, followed by Türkiye (€9.1 billion) and the United States (€8.4 billion). The sharpest increase in imports came from China, where the value of cars sent to the EU surged by 1591.3% since 2019. Meanwhile, imports from the UK dropped by 17.1%. These figures highlight ongoing shifts in global car trade dynamics, with rising values driven by price increases and changing trade patterns among key partners. Source: Eurostat