Key Market Indicators
**Guyanese Truck Import Expected to Hit $47 Million by 2028** GEORGETOWN, Guyana — Guyana's truck import market is projected to reach approximately $47 million by 2028, up from around $42 million in 2023. This represents an annual growth rate of 1.8%, according to recent data. The country's demand for trucks has seen a steady increase, growing at an average rate of 1.1% per year since 1997. **Truck Exports to Decline Sharply** In contrast, Guyanese truck exports are anticipated to drop significantly, falling to about $58,000 by 2028 from roughly $84,000 in 2023. This marks an average annual decline of 5.9%. Despite this projected downturn, it's worth noting that Guyana's truck export supply had surged dramatically by 35.7% annually since 2002. **Global Comparison** As of 2023, Guyana ranked 91st in truck exports, with countries like Mauritius surpassing it with exports valued at approximately $84,000. Leading the global rankings were the United States, Germany, and France, occupying the second, third, and fourth positions respectively.
