In 2023, Mexico and the United States led the global export market for spark ignition engine trucks under five tonnes, with Mexico accounting for the highest value of exports followed by the United States. Mexico and the United States exhibited growth rates of 4.11% and 2.91%, respectively, while Canada also showed a positive growth of 2.12%. Conversely, Japan and China experienced declines of 4.01% and 1.29%, respectively. Notably, countries like Kuwait and Hungary experienced significant increases, with growth rates of 4.58% and 5.85% respectively, whereas Germany, South Africa, and Argentina faced notable decreases.
Future trends to watch include:
- Emerging markets showing potential for increased export activities, notably in regions like Eastern Europe.
- Technological advancements leading to shifts in manufacturing and export strategies for lighter trucks.
- Environmental policies impacting production and trade, influencing the global market dynamics.
- Potential geopolitical tensions which could disrupt existing trade routes and affect export volumes.
Top countries in Export of Spark Ignition Engine Trucks Weighing Less Than 5 Tonnes by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 18,997,000,000 | 2023 | +3.44% | +4.11% | View data |
| 2 | 2 United States | 10,538,000,000 | 2023 | +2.17% | +2.91% | View data |
| 3 | 3 Canada | 2,698,100,000 | 2023 | +1.19% | +2.12% | View data |
| 4 | 4 Brazil | 908,080,000 | 2023 | +2.89% | +4.51% | View data |
| 5 | 5 Japan | 792,150,000 | 2023 | -4.44% | -4.01% | View data |
| 6 | 6 Spain | 532,260,000 | 2023 | +4.52% | +2.98% | View data |
| 7 | 7 China | 439,200,000 | 2023 | +0.96% | -1.29% | View data |
| 8 | 8 Poland | 280,060,000 | 2023 | +4.07% | +1.88% | View data |
| 9 | 9 Kuwait | 98,976,000 | 2023 | -1.58% | +4.58% | View data |
| 10 | 10 Argentina | 89,252,000 | 2023 | -17.98% | -9.46% | View data |
