Increasing role of China in EU’s automotive industry
In 2022, China was the largest consumer of EU vehicle products, accounting for 21% of total EU domestic value added of the automotive industry, ahead of the United States (20%), which had historically been the largest partner, and the United Kingdom (13%). China emerged as the top partner in recent years, with its share rising from 12% of EU domestic value added in 2010 to 21% in 2022.
This information comes from data on macro-economic globalisation indicators based on Full international and global accounts for research in input-output analysis (FIGARO) tables. This article presents some findings from a more detailed Statistics Explained article.
Source dataset: naio_10_fgdf
In 2022, value added in the non-EU automotive industry, driven by final consumption in the EU, reached €34.6 billion. This represents an increase of 47% in nominal terms compared with 2015 (€23.5 billion) and a 124% increase since 2010 (€15.4 billion).
The majority of value added in the non-EU automotive industry was attributed to the Chinese producers (16%), ahead of Japanese (15%) and South Korean (10%) producers. China experienced the largest growth, rising from 9% in 2010 to 16% in 2022.
Source dataset: naio_10_fgfd
To help you further explore global trade and investment trends, Eurostat has updated the Globalisation dashboard with a series of new indicators.
For more information
- Statistics Explained article on employment and value added using FIGARO data - view into the automotive industry
- Thematic section on ESA supply, use and input-output tables
- Database on ESA supply, use and input-output tables
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