Key Market Indicators
Armenian truck exports are projected to climb to approximately $816,000 by 2028, up from $753,000 in 2023, reflecting an average annual growth rate of 1.3%. Despite this growth, the country's supply has seen a slight decline of 0.1% per year since 2002. In 2023, Armenia ranked 78th in global truck exports, with Kyrgyzstan surpassing it with the same export value of $753,000. Leading the rankings were the United States, Germany, and France, holding the second, third, and fourth positions, respectively. On the import side, Armenia is expected to see truck imports rise to approximately $55.3 million by 2028, up from $48.1 million in 2023, marking an average annual growth rate of 2.2%. Since 2002, the country's demand for trucks has surged by 9% each year.
