Key Market Indicators
Russian truck exports are projected to decline, with figures expected to drop to approximately $308 million by 2028, down from around $336 million in 2023. This represents an average annual decrease of 1.3%. Since 2001, the nation's supply has diminished by roughly 2% each year. In 2023, Russia ranked 27th globally in truck exports, with Hungary slightly ahead at the same $336 million mark. The leading countries in this category were the United States, Germany, and France, securing the second, third, and fourth positions, respectively. Conversely, Russian truck imports are on the rise. By 2028, imports are forecast to reach roughly $2.16 billion, up from about $2.04 billion in 2023. This indicates an average annual growth of 1%. Since 2001, Russian demand for trucks has increased by approximately 0.4% each year.