Key Market Indicators
Israeli truck imports are projected to hit approximately $1.08 billion by 2028, up from around $978 million in 2023. This marks an average annual growth rate of 1.6%. Historical data since 2000 shows a consistent annual increase of 3.9% in Israeli demand for trucks. In stark contrast, Israeli truck exports are expected to decline significantly. Forecasts indicate a drop to roughly $4.57 million by 2028 from about $6.72 million in 2023, reflecting a compound annual growth rate (CAGR) of -6.1%. Since 2000, Israel's truck export supply has seen a year-on-year decrease of 5.7%. In 2023, Israel ranked 59th in global truck exports, with Uganda surpassing it by reaching the same export figure of $6.72 million. The leading nations in this sector were the United States, Germany, and France, occupying the second, third, and fourth positions, respectively.
