The data on European exports of motor vehicles in 2023 show Germany, Spain, and Belgium as the leading exporters, with Germany experiencing a decline of 5.14% year-on-year. Spain and Belgium recorded slight growths of 0.58% and 0.79%, respectively. The UK saw a significant reduction of 10.39%. Notably, France had a substantial 20.23% decrease, while Romania and Portugal exhibited positive growths of 3.26% and 4.2%.
CAGR analysis over the last five years suggests varying trends amongst countries; Germany continues to lead albeit declining, while countries like Luxembourg and Ireland show remarkable increases. Future trends to watch in European exports include potential recovery in key markets like the UK and France, the impact of electric mobility on export dynamics, and the influence of global trade agreements on European export performance.
Top countries in Export of Motor Vehicle by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,353,300 | 2023 | +3.66% | -5.14% | View data |
| 2 | 2 Spain | 3,929,300 | 2023 | +4.31% | +0.58% | View data |
| 3 | 3 Belgium | 1,820,800 | 2023 | +7.14% | +0.79% | View data |
| 4 | 4 United Kingdom | 1,602,200 | 2023 | -2.52% | -10.39% | View data |
| 5 | 5 Czechia | 1,512,500 | 2023 | |||
| 6 | 6 Slovakia | 1,265,300 | 2023 | -0.094% | -1.98% | View data |
| 7 | 7 France | 1,208,700 | 2023 | -14.22% | -20.23% | View data |
| 8 | 8 Italy | 1,136,300 | 2023 | +1.49% | -3.42% | View data |
| 9 | 9 Poland | 746,130 | 2023 | -8.33% | -13.35% | View data |
| 10 | 10 Hungary | 647,180 | 2023 | -3.89% | -9.51% | View data |
