Key Market Indicators
Belgian truck exports are projected to hit approximately $5 billion by 2028, up from around $4.5 billion in 2023. This marks an average annual growth rate of 1.9%. Since 2004, Belgium's truck export supply has seen a consistent increase of 4% year on year. In 2023, Belgium ranked 11th in truck exports. Notably, Poland surpassed Belgium with a similar export value of roughly $4.5 billion. The United States, Germany, and France held the second, third, and fourth positions, respectively. On the import front, Belgian truck imports are expected to reach about $6.2 billion by 2028, rising from nearly $5.4 billion in 2023. This represents an average annual growth rate of 2.2%. Belgian demand for truck imports has been growing at an average rate of 2.7% per year since 2004.