The export of trucks from the UAE has been decreasing over the past decade, from a peak of USD 1.2239 billion in 2014 to USD 0.70213 billion in 2023, showing a clear declining trend. Specifically, the year-on-year variation for 2023 indicates a decrease of 4.41% compared to 2022, highlighting persistent challenges in the industry.

Looking at the past five years, the compound annual growth rate (CAGR) stands at -4.61%, revealing steady decline. The forecast up to 2028 anticipates this trend continuing with a predicted annual decrease of approximately -4.37% and an overall reduction of 20.04% from 2023 levels.

Future trends to watch for include:

Shifts in global demand and economic conditions affecting major export markets.
Technological advancements and green energy policies impacting truck manufacturing and export appeal.
Geopolitical developments in key trading regions influencing trade routes and tariffs.