Key Market Indicators
Chinese truck exports are projected to hit approximately $3.8 billion by 2028, up from around $3.6 billion in 2023. This marks an average annual growth rate of 1.1%. Since 1997, the country's truck supply has seen an average yearly increase of 1.9%. In 2023, China ranked 14th in truck exports, with Argentina slightly ahead at the same export value of approximately $3.6 billion. The leading positions were held by the United States, Germany, and France, ranking second, third, and fourth, respectively. On the import side, China's truck imports are expected to decrease slightly, reaching about $686 million by 2028 from $697 million in 2023, reflecting a compound annual growth rate (CAGR) decline of 0.2%. Since 1997, the demand for truck imports in China has decreased by an average of 3.4% per year.
