Germany's imports of vehicles and parts from China will increase noticeably in the first half of 2023. It reached 75%. As a result of this increase, Germany is experiencing a period in which automobile imports from China are increasing, but reverse trade is weakening. This shows that Europe's largest car manufacturing center is under increasing pressure.
According to a report prepared by the German Economic Institute (IW), several automobile brands of Chinese origin entered the German market this year, thus increasing the number of Chinese brands operating in Germany to eight. However, still only 1.5% of the vehicles sold in Germany are vehicles of Chinese origin.
In addition, vehicles of non-Chinese brands, such as the fully electric iX3 produced by BMW in China, also contributed to the increase in imports.
The report comes just days after the European Commission launched an investigation to explore the possibility of imposing punitive tariffs to protect European Union manufacturers against cheaper imports of Chinese electric vehicles that benefit from state subsidies.
It also shows German car and parts exports to China, the world's second-largest economy, falling by 2023% in the first half of 21. This decline accounts for one-third of the over 8% decline in total exports.
In general, vehicles are increasingly becoming an Asian product, and according to last year's data, approximately 60% of all vehicles were produced in Asian countries. This rate was approximately 2000% in 31.
Europe is becoming less and less important for car production, with only Germany and Spain among the top ten car manufacturers globally. In 2000, this list included countries such as France, England and Italy.