Key Market Indicators
Thai Truck Exports are projected to hit nearly $9.4 billion by 2028, up from approximately $8.6 billion in 2023. This reflects an average annual growth rate of 1.4%. Since 1994, the supply of trucks from Thailand has been climbing at an average rate of 1.7% per year. In 2023, Thailand ranked fifth globally in truck exports, trailing behind France, which posted similar export figures of around $8.6 billion. Leading the pack were the United States, Germany, and France, occupying the second, third, and fourth positions, respectively. Conversely, Thai Truck Imports are anticipated to decline, reaching about $142 million by 2028 from $155 million in 2023. This marks an average annual decrease of 1.3%. Despite this downward trend, Thai demand for imported trucks has experienced an average annual growth of 2.6% since 1993.