Key Market Indicators
In 2023, Saudi Arabia's truck imports totaled approximately $553 million, marking a significant decline from the previous year's $660 million. This represents a 16% decrease year-over-year. Since 1996, the nation's demand for truck imports has consistently fallen at an average annual rate of 8.7%. Looking ahead, Saudi Arabia's truck exports are projected to drop to around $106 million by 2028, down from $133 million in 2023. This forecast indicates an average annual decline of 3.5%. Historically, from 1996 onwards, Saudi truck exports have decreased at an annual rate of 3%. In the global ranking of truck exports for 2023, Saudi Arabia held the 35th position. Norway ranked just above with exports valued at $133 million. Leading the list were the United States, Germany, and France, occupying the second, third, and fourth positions respectively.