2023
Exports
$2.81MWorld Rnk 42 / 129
Flag Rnk 631 / 1204
2023
PRODUCT COMPLEXITY IN Vending Machines
0.74Rnk 269 / 1025
2023
Imports
$7.83MWorld Rnk 44 / 196
Flag Rnk 540 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $2.81M in Vending Machines, making it the 42nd largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 631st most exported product in Lithuania. The main destination of Vending Machines exports from Lithuania are: Russia ($1.18M), Latvia ($492k), Spain ($216k), Italy ($199k), and Belarus ($192k).

The fastest growing export markets for Vending Machines of Lithuania between 2022 and 2023 were Latvia ($410k), Italy ($195k), and Belarus ($191k).

Imports In 2023, Lithuania imported $7.83M in Vending Machines, becoming the 44th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 540th most imported product in Lithuania. Lithuania imports Vending Machines primarily from: Austria ($3.41M), Italy ($1.98M), Finland ($664k), Estonia ($427k), and Spain ($339k).

The fastest growing import markets in Vending Machines for Lithuania between 2022 and 2023 were Austria ($1.6M), Finland ($517k), and Italy ($377k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Vending Machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.81M
IMPORTS (2023)$7.83M
NET TRADE (2023)-$5.02M

In 2023, Lithuania exported $2.81M in Vending Machines. The main destinations of Lithuania exports on Vending Machines were Russia ($1.18M), Latvia ($492k), Spain ($216k), Italy ($199k), and Belarus ($192k).

In 2023, Lithuania imported $7.83M in Vending Machines, mainly from Austria ($3.41M), Italy ($1.98M), Finland ($664k), Estonia ($427k), and Spain ($339k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Latvia$410k (500%)
Italy$195k (5.27k%)
Belarus$191k (16.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY Lithuania WERE (2022 - 2023):
Nigeria-$386k (-100%)
Uzbekistan-$89.4k (-59.1%)
Kazakhstan-$82k (-61.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Vending Machines were:
In 2023, Lithuania's main importing competitors in Vending Machines were:

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Trade Value of Vending Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $130k
TOP IMPORT POTENTIALPoland+ $206k

Vending Machines’s highest export potential is Germany. With an export gap of $130k.   Vending Machines’s highest import potential is Poland with an import gap of $206k.

See methodology.

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