EU car imports from China now exceed exports for the first time

EU car imports from China have surpassed EU exports to China for the first time, marking a significant shift in the automotive market. Last year, EU car and parts exports to China dropped 34% to €16 billion, while imports from China rose 8% to €22 billion, creating a deficit. This trend is also seen in Germany, where exports to China have halved since 2022, while imports have doubled, with parity potentially reached this year.