The evolution of European exports between 2005 and 2018
- European passenger car exports fell sharply in 2018, mainly due to the decline in the Chinese and Turkish markets, which caused European production to lose 213,000 vehicles last year.
- Including the US, Swiss and Russian markets, declining European exports caused European production to lose 260,000 vehicles last year.
- In total, European exports in 2018 fell by 3.6% compared to 2017, for a volume of 5.4 million units, against 5.6 million in 2017.
- The top five European export markets (outside the European Union) consisted in 2.32 million units in 2018, compared to 2.58 million in 2017 and 2.64 million in 2016.
- This volume, which has been in constant decline since 2016, makes up 44% of total European exports (outside the European Union) compared to 46% in 2017.
- The United States remains by far the largest export market, with 1.15 million vehicles in 2018, ahead of China (545,000 vehicles), Turkey (291,000 vehicles), Switzerland (254,000 vehicles) and Russia (113,000 vehicles).
- Intra-European flows, i.e. exports from one EU country to another EU country, account for the bulk of European exports.
- Inovev estimates them at around 9 million units in 2018.
Contact us: info@inovev.com