Which Country Imports the Most Trucks in the World?

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