Key Market Indicators
Bolivian truck exports are projected to reach approximately $4.7 million by 2028, up from around $4.2 million in 2023. This growth represents a compound annual growth rate (CAGR) of 2%. Notably, since 1997, the supply figures for Bolivia have remained largely unchanged. In 2023, Bolivia ranked 63rd globally in truck exports, with Mozambique slightly ahead at the same $4.2 million mark. The United States, Germany, and France held the 2nd, 3rd, and 4th spots in this ranking, respectively. On the import side, Bolivian truck imports are expected to climb to about $276 million by 2028, up from $262 million in 2023. This represents an average annual growth rate of 0.9%. Since 1997, Bolivia’s demand for truck imports has seen a steady increase, growing at an average rate of 2.9% per year.