Press release No. 540 of 29 November 2021
- The lack of chips and delivery bottlenecks reduced German car imports and exports
- Foreign trade in electric cars continued on a high level, declines were recorded mainly for cars with combustion engines
WIESBADEN – German exports and imports of passenger cars declined strongly in the 3rd quarter of 2021. The lack of chips in the automotive industry and other delivery bottlenecks are the likely reasons for that development. According to provisional data from the Federal Statistical Office (Destatis), Germany exported passenger cars worth 23.1 billion euros from July to September 2021. This was a decrease of 17.2% compared with the same period one year earlier. Car imports declined even more on the third quarter of 2020, by 29.8% to 11.2 billion euros.
