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China Surpasses Japan as EU’s Largest Car Importer for Third Year in a Row


Photo by FMT
Photo by FMT

Summary


  • China was the European Union's largest car importer for the third consecutive year in 2024, with car imports valued at USD 13.9 billion.

  • Despite the EU’s recent tariffs on Chinese electric vehicles, the country’s car exports continue to rise, making China the largest auto exporter globally.

  • The EU’s exports to China have been shrinking, with a cumulative decline of 22% over the past six years.


 

In 2024, China retained its position as the European Union’s largest car importer for the third straight year, with imports totaling USD 13.9 billion. Despite the imposition of additional tariffs by the EU on Chinese electric vehicles, the value of Chinese car imports continued to grow, reflecting the increasing demand for Chinese-made vehicles in the European market.

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