Key Market Indicators
Colombian Truck Export Set for Modest Growth by 2028 Colombian truck exports are projected to reach approximately $109 million by 2028, growing from about $104 million in 2023. This marks a modest annual growth rate of 0.7%. However, the country's supply has seen a yearly decrease of 2.3% since 1996. In 2023, Colombia ranked 38th in global truck exports, with Australia narrowly ahead at $104 million. The top spots were held by the United States, Germany, and France, ranking second, third, and fourth respectively. Conversely, Colombian truck imports are expected to decrease over the same period. By 2028, imports are projected to fall to roughly $531 million from $592 million in 2023, reflecting a 1.7% annual decline. Since 1996, the country's demand for truck imports has dropped by 3.4% each year.
