Key Market Indicators
Japanese truck exports are projected to decline to approximately $7.95 billion by 2028, down from around $8.34 billion in 2023. This represents an annual average decrease of 0.7%. Since 1993, Japan's truck export supply has seen a consistent decline of 1.9% annually. In 2023, Japan ranked sixth globally in truck exports, with Thailand surpassing it at $8.34 billion. The United States, Germany, and France held the second, third, and fourth positions, respectively, in the same ranking. Conversely, Japanese truck imports are expected to grow, reaching about $637 million by 2028, up from roughly $529 million in 2023. This marks an annual compound growth rate of 3%. Since 1993, Japan's demand for imported trucks has increased by 3.4% annually.
