Automobile exports from the European Union (EU) to the United States fell by 6.8% in 2024 compared to 2023, reaching €50.9 billion, continuing to be the main destination for European production.
The data released by the EU’s statistical office, Eurostat, shows that last year, cars and motor vehicles were the third most exported European products to the United States.
Among the EU member states, Germany was the country that exported the most cars to the United States, with a value of €32.709 billion, representing 64.27% of the total, followed by Italy with €4.549 billion and Sweden with €3.789 billion.
The United States has been the primary destination for EU automobile exports, ahead of the United Kingdom and China.
In 2024, the EU recorded a trade surplus of €102 billion with the United States in the machinery and vehicles sector.
It is worth noting that the European Commission criticized on Thursday the “economic self-harm” of the United States due to the new 25% tariffs on all imported cars, calling for dialogue with the EU to build rather than destroy the transatlantic relationship.
The U.S. administration led by President Donald Trump announced the implementation of a 25% tariff on all imported cars starting April 2, predicting that the measure will generate revenues of $100 billion, or €93 billion.
