Global car exports amounted in 2016 for 698,2 billion dollars (640 billion Euro), according to WTE. Europe’s share with 380 billion dollars (345 billion Euro) accounts for 54 percent of all car exports.
The auto export nation number one is Germany with 151.9 billion dollars (138 billion Euro). When we talk about the risks of a collapse of the German automotive industry, then we better understand why this is industry is to important for Germany (and Europe in general). That’s why the upcoming disruptions with autonomous, electric, shared and connected driving is so disruptive for the economy.
This article has also been published in German.