Key Market Indicators
Norway's truck export market is projected to reach approximately $193 million by 2028, up from $176 million in 2023. This marks an average annual growth rate of 1.5%. Since 1998, Norway's truck exports have increased by an average of 1.4% per year. In 2023, Norway ranked 34th in global truck exports, with Switzerland narrowly ahead at the same $176 million mark. The United States, Germany, and France held the second, third, and fourth positions, respectively. Meanwhile, Norwegian truck imports are expected to climb to around $1.72 billion by 2028, up from $1.58 billion in 2023. This represents an average annual growth rate of 1.4%. Since 1998, the country's demand for truck imports has risen by an average of 1.2% annually.