Portugal Truck Industry Outlook 2022 - 2026

Key Market Indicators

The country ranked number 25 in 2021, Latvia overtook with $649,330,000. The United States, Germany and France respectively ranked numbers 2, 3 and 4 in this ranking. Portugal is set to become a major exporter of trucks in the coming years. According to forecasts, truck exports from the country will reach around $1 billion by 2026, an increase of 1.9% on the 2021 figures of $920,340,000. This is an impressive 10.1% rise since 1993. Despite this growth, Portugal currently ranks 23rd in the world, having been overtaken in 2021 by Belarus with $920,340,000. The United States, Germany and France ranked second, third and fourth, respectively. Portugal is also set to become a major importer of trucks by 2026, with forecasts predicting that imports will reach $702 million, a 1.1% rise on 2021's figures of $649,330,000. This is a 7.6% rise since 1993. Portugal currently ranks 25th in the world, having been overtaken in 2021 by Latvia with $649,330,000. The United States, Germany and France ranked second, third and fourth, respectively.

Portugal Truck Market Data and Forecasts

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