Key Market Indicators
The value of Mexican truck imports is projected to decline to approximately $1.2 billion by 2028, down from around $1.4 billion in 2023. This represents a year-on-year decrease of 1.8% in compound annual growth rate (CAGR). Since 1995, Mexican demand for truck imports has seen a yearly decline of 2.4%. On the export front, Mexican truck exports are expected to soar to about $31.8 billion by 2028, up from nearly $27.4 billion in 2023. This marks an average annual growth of 2.4% in exports. Since 1995, Mexican truck exports have been growing at a steady rate of 3.2% per year. In the global market, the United States, Germany, and France rank second, third, and fourth, respectively, in receiving Mexican truck exports.