Key Market Indicators
Brazilian truck exports are projected to surge to approximately $3 billion by 2028, up from around $2.7 billion in 2023. This marks an average annual growth rate of 1.8%. The country's truck export supply has consistently increased by 3.7% each year since 1994. In 2023, Brazil ranked 16th globally in truck exports, with the Netherlands leading the list at $2.7 billion. The United States, Germany, and France held the second, third, and fourth positions, respectively. On the import front, Brazil's truck imports are expected to climb to roughly $3.3 billion by 2028, up from about $2.9 billion in 2023. This represents a compound annual growth rate (CAGR) of 1.9%. Since 1994, the country's truck import demand has seen a modest annual increase of 0.9%.