Key Market Indicators
Nicaragua's truck imports are projected to decline slightly, falling to approximately $108 million by 2028 from around $110 million in 2023. This marks an average annual decrease of 0.3%. Despite this downward trend, the country's demand for trucks has seen a significant increase over the past decades, rising by an average of 5.2% per year since 1998. On the export front, Nicaragua's truck exports are expected to reach about $3 million by 2028, up from approximately $2.5 million in 2023. This translates to an average annual growth rate of 3.5%. Since 1998, the country's truck supply has shown robust growth, increasing by 9.2% annually. In the global ranking of truck exporters in 2023, Nicaragua held the 69th position, with Burkina Faso surpassing it at the same export value of $2.5 million. Leading the list were the United States, Germany, and France, occupying the second, third, and fourth spots, respectively.