Key Market Indicators
Mongol Truck Import is projected to hit approximately $250 million by 2028, up from around $245 million in 2023. This represents an average annual growth rate of 0.4%. However, since 2001, the demand for trucks in Mongolia has experienced a yearly decline of 2.9%. In stark contrast, Mongol Truck Export saw a dramatic decrease in recent years. In 2018, exports amounted to roughly $85,000, a sharp drop from about $230,000 in 2017. This 63.3% decline highlights a troubling trend. Since 2001, the supply of exported trucks from Mongolia has plummeted by an average of 20.9% each year.