Key Market Indicators
Spanish truck exports are projected to soar to approximately $7.6 billion by 2028, up from nearly $7 billion in 2023. This marks an average annual growth rate of 1.5%. Since 1994, Spain's truck supply has consistently increased by 1.5% each year. In 2023, Spain ranked seventh globally in truck exports, with Japan narrowly leading at $7 billion. The United States, Germany, and France held the second, third, and fourth spots, respectively. On the import side, Spanish truck imports are expected to climb to about $3.5 billion by 2028 from $3.1 billion this year. This represents an average annual growth rate of 2.1%. Since 1994, Spain's demand for trucks has grown at an average rate of 2.7% annually.
