Key Market Indicators
Malaysian truck exports are projected to hit approximately $18.9 million by 2028, up from around $18.5 million in 2023. This marks a steady annual growth rate of 0.4% CAGR. Since 1994, the country's truck supply has seen a modest annual increase of 0.1%. In 2023, Malaysia ranked 52nd globally, with Bulgaria surpassing it at the same export value. The leading nations in this category were the United States, Germany, and France, occupying the top three spots. On the import side, Malaysia's truck imports are expected to reach roughly $1.1 billion by 2028, rising from about $1 billion in 2023. This represents an annual growth rate of 1.5% CAGR. Malaysian demand for trucks has been on an upward trajectory since 1994, growing at an annual rate of 1.6%.
