EU recorded a trade deficit of €11.1 billion in aluminium

In 2024, the EU imported €29.5 billion worth of aluminium and related articles and exported €18.4 billion, resulting in a trade deficit of €11.1 billion.

Compared with 2019, imports of aluminium increased by 29.9% (+€6.8 billion) and exports rose 21.3% (+€3.2 billion). These monetary increases occurred despite a decline in the physical weight of exports by 1.7% and imports by 6.2%, suggesting that the value increase was primarily driven by rising prices.

Source dataset: ds-045409

Norway and UK: main partners for aluminium 

In 2024, Norway and China were the biggest EU import partners of aluminium and articles thereof, with imports worth €4.4 billion (15.0% of total imports) and €3.9 billion (13.1%), respectively. Türkiye (€2.8 billion; 9.4%), Iceland (€2.1 billion; 7.3%) and Switzerland (€1.7 billion; 5.8%) followed. 

Among these top 5 countries, imports (in value) from Iceland more than doubled (+104.9%) when compared with 2019, and in case of Türkiye it almost doubled (+95.4%).

Source dataset: ds-045409

As for exports, the United Kingdom led the list with €3.7 billion worth of aluminium (19.9% of the total exports), followed by the United States, with €2.6 billion (14.1%) and Switzerland, with €2.4 billion (12.8%). Türkiye took the 4th place with €0.9 billion (5.0%) and India the 5th with €0.8 billion (4.5%).

Among this group, exports to India (+135.6%) and Türkiye (+66.7%) increased the most since 2019.