In 2023, Germany and Italy led European exports of motor vehicles electrical and electronic equipment. Germany experienced a slight growth, while Italy saw a decline. Significant growth was noted in Estonia and the Netherlands, with increases of 121.14% and 53.67%, respectively. However, several countries, including Poland and Slovakia, experienced declines of 10.69% and 34.41%. France, Spain, and Belgium also faced notable reductions, suggesting market challenges.
Future trends to watch in 2024:
- Germany's dominance is expected to persist, albeit with slight fluctuations.
- Opportunities exist in emerging markets such as Estonia due to notable recent growth.
- Countries facing declines may focus on technological advancements to regain market share.
- Environmental regulations and innovations in electric vehicles could significantly shift market dynamics.
Top countries in Export of Motor Vehicles Electrical and Electronic Equipment by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,471,900 | 2023 | +5.81% | +0.36% | View data |
| 2 | 2 Italy | 2,434,200 | 2023 | +3.9% | -0.6% | View data |
| 3 | 3 France | 1,953,000 | 2023 | +4.23% | -9.51% | View data |
| 4 | 4 Spain | 1,556,600 | 2023 | +3.07% | -5% | View data |
| 5 | 5 Belgium | 495,510 | 2023 | +8.39% | -4.09% | View data |
| 6 | 6 Netherlands | 121,080 | 2023 | +11.67% | +53.67% | View data |
| 7 | 7 Poland | 113,390 | 2023 | -15.01% | -10.69% | View data |
| 8 | 8 Sweden | 96,530 | 2023 | +7.58% | +5.3% | View data |
| 9 | 9 Austria | 70,600 | 2023 | +13.48% | +5.19% | View data |
| 10 | 10 Czechia | 58,040 | 2023 |
