According to the Dongwu Securities Research Report, in the first half of 2026, China exported 19,800 heavy trucks to Latin America, an increase of 68% over the previous year. The increase was concentrated in resource countries such as Peru, Ecuador, Colombia, and Venezuela, as well as Mexico. It is estimated that in 2028, Latin America will import about 130,000 heavy trucks, and China's sales volume to Latin America will be about 59,000 units. The Latin American economy is supported by resource exports and energy capital expenditure, and the focus should be on resource-based and manufacturing countries; with the completion of this round of scheduling changes and fuel pricing, the impact of time disturbances will decrease, and demand for heavy truck sales in Latin America will stabilize. Although Chinese heavy trucks are affected by factors such as tariffs and the second-hand heavy truck market, they have formed a share base based on cost performance, adaptation of construction vehicle products, and capital investment, and there is room for upward penetration. For heavy trucks and engine-related targets, priority is given to Sinotruk H/A, as well as Weichai Power, Foton Motor, FAW Jiefang, etc.

According to the Dongwu Securities Research Report, in the first half of 2026, China exported 19,800 heavy trucks to Latin America, an increase of 68% over the previous year. The increase was concentrated in resource countries such as Peru, Ecuador, Colombia, and Venezuela, as well as Mexico. It is estimated that in 2028, Latin America will import about 130,000 heavy trucks, and China's sales volume to Latin America will be about 59,000 units. The Latin American economy is supported by resource exports and energy capital expenditure, and the focus should be on resource-based and manufacturing countries; with the completion of this round of scheduling changes and fuel pricing, the impact of time disturbances will decrease, and demand for heavy truck sales in Latin America will stabilize. Although Chinese heavy trucks are affected by factors such as tariffs and the second-hand heavy truck market, they have formed a share base based on cost performance, adaptation of construction vehicle products, and capital investment, and there is room for upward penetration. For heavy trucks and engine-related targets, priority is given to Sinotruk H/A, as well as Weichai Power, Foton Motor, FAW Jiefang, etc.