Which Country Imports the Most Trucks in the World?

Motor Vehicles May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Trucks in the World?

IndexBox has just published a new report "World: Transmission Shafts And Cranks, Bearing Housings And Plain Shaft Bearings, Gears And Gearing And Articulated Link Chain ; Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, approx. 1.8M tonnes of transmission shaft were imported worldwide; dropping by ;8.5% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by 8% against the previous year level. Over the period under review, global transmission shaft imports reached its maximum volume of 1.9M tonnes in 2015, falling back in the following year.

In value terms, transmission shaft imports amounted to $4.4B in 2016. The total import value increased at an average annual rate of +2.2% over the period from 2007 to 2016; the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, global transmission shaft imports reached its maximum level of $5.1B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Transmission Shaft Importing Countries in the World

1. USA (559.5 million USD)

2. Germany (242.9 million USD)

3. Mexico (242.9 million USD)

4. China (192.5 million USD)

5. Japan (188.8 million USD)

6. United Kingdom (173.1 million USD)

7. Canada (168.4 million USD)

8. Indonesia (144.8 million USD)

9. South Korea (116.7 million USD)

10. Russia (93.5 million USD)

11. Brazil (87.8 million USD)

12. Spain (64.0 million USD)

Transmission Shaft Imports By Country

China (715K tonnes) was the major importer of transmission shaft in the world, amounting to 715K tonnes, which was approx. 41% of total imports in 2016. The U.S. (88K tonnes) ranks second globally in transmission shaft imports with a 5% share, following Germany (5%). Indonesia (50K tonnes), Japan (50K tonnes), Russia (35K tonnes), South Korea (34K tonnes), Brazil (34K tonnes), the UK (34K tonnes), Spain (33K tonnes), Canada (33K tonnes), and Mexico (29K tonnes) occupied the mild share of total imports.

China experienced a relatively flat trend pattern. At the same time, Indonesia (+8.6%), Mexico (+5.1%), Brazil (+3.5%), and Russia (+3.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer/exporter in the world, with a CAGR of +8.6% from 2007;2016. South Korea, the UK, Germany, and Japan experienced a relatively flat trend pattern. By contrast, Spain (;1.3%), Canada (;1.7%), and the U.S. (;6.4%) illustrated a downward trend over the same period. While the share of the U.S. (4%) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($560M) constitutes the largest market for imported transmission shaft worldwide, making up 13% of global imports. The second position in the ranking was occupied by Germany ($243M), with the share of 6% of global imports. It was followed by Mexico, with the share of 6%.

From 2007 to 2016, the average annual rate of growth in terms of value of transmission shaft imports in the U.S. decreased by ;0.2%. The remaining importing countries recorded the following average annual rates: Germany (+0.8% per year) and Mexico (+12.2% per year).

Transmission Shaft Import Prices By Country

The average transmission shaft import price stood at $2,512 per tonne in 2016, stabilizing at the previous year level. Over the period from 2007 to 2016 it increased at an average annual rate of +2.7%.The most prominent rate of growth was recorded in 2008, when import increased by 19% against the previous year level. Over the period under review, average transmission shaft import price reached its maximum level of $2,665 per tonne in 2012; however, from 2013 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was Mexico ($8,348 per tonne), while China ($269 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of transmission shaft import prices was attained by Japan (+9.2% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global transmission shaft market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • transmission shaft market share
  • transmission shaft prices
  • transmission shaft industry
  • transmission shaft sales
  • transmission shaft import
  • transmission shaft export
  • transmission shaft market forecast
  • transmission shaft price forecast
  • key transmission shaft producers

All data provided in this article covers the following product: HS Code 7315 ; Chain and parts thereof, of iron or steel.

Source: World: Transmission Shafts And Cranks, Bearing Housings And Plain Shaft Bearings, Gears And Gearing And Articulated Link Chain ; Market Report. Analysis and Forecast to 2025"

"IndexBox has just published a new report "World: Trucks - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global truck imports stood at 15M tonnes in 2016, dropping by -4.6% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared the most rapid in 2010, an increase of 16% y-o-y. Over the period under review, global truck imports attained its maximum volume of 18M tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, truck imports totaled $123B in 2016. Overall, truck imports continue to indicate a relatively flat trend pattern. Global truck import peaked of $131B in 2012- however, from 2013 to 2016, it stood at a somewhat lower level.

Top Truck Importing Countries in the World

1. USA (25.2 billion USD)

2. Canada (13.0 billion USD)

3. United Kingdom (7.0 billion USD)

4. France (5.7 billion USD)

5. Germany (5.5 billion USD)

6. Australia (5.4 billion USD)

7. Belgium (4.2 billion USD)

8. Italy (3.1 billion USD)

9. Netherlands (2.5 billion USD)

10. Spain (2.3 billion USD)

11. Saudi Arabia (2.2 billion USD)

12. Mexico (2.2 billion USD)

Truck Imports By Country

In 2016, the U.S. (2.8M tonnes), distantly followed by Canada (1.4M tonnes), and the UK (737K tonnes) represented the key importers of truck, together committing 34% of total imports. Germany (555K tonnes), France (532K tonnes), Belgium (479K tonnes), Italy (377K tonnes), Australia (347K tonnes), the Netherlands (323K tonnes), Saudi Arabia (313K tonnes), Spain (257K tonnes), and Mexico (235K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of truck imports, among the main importing countries, was attained by Spain (+2.7% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($25B), Canada ($13B) and the UK ($7B) were the countries with the highest levels of imports in 2016, together comprising 37% of global imports. These countries were followed by France, Germany, Australia, Belgium, Italy, the Netherlands, Spain, Saudi Arabia and Mexico, which together accounted for a further 27%.

Belgium (+4.1% per year) recorded the highest growth rate of truck imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Truck Import Prices By Country

In 2016, the average import price for truck amounted to $8,456 per tonne, jumping by 6% against the previous year. Over the last nine years it increased at an average annual rate of +2.6%.The pace of growth appeared the most rapid in 2008, when it surged by 14% y-o-y. Global truck import peaked in 2016, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by country of destination. the country with the highest import prices was Australia ($16 per kg), while Saudi Arabia ($7,007 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of truck import prices was attained by Mexico (+7.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global truck market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • truck market share
  • truck prices
  • truck industry
  • truck sales
  • truck import
  • truck export
  • truck market forecast
  • truck price forecast
  • key truck producers

All data provided in this article covers the following product: HS Code 8704 - Vehicles- for the transport of goods.

Source: World: Trucks - Market Report. Analysis and Forecast to 2025