2022
Exports
$2.27MWorld Rnk 43 / 127
Flag Rnk 680 / 1208
2022
PRODUCT COMPLEXITY IN Vending Machines
0.65Rnk 296 / 1025
2022
Imports
$5.81MWorld Rnk 47 / 202
Flag Rnk 614 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $2.27M in Vending Machines, making it the 43rd largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 680th most exported product in Lithuania. The main destination of Vending Machines exports from Lithuania are: Russia ($991k), Nigeria ($386k), Spain ($248k), Uzbekistan ($151k), and Germany ($150k).

The fastest growing export markets for Vending Machines of Lithuania between 2021 and 2022 were Nigeria ($386k), Spain ($219k), and Uzbekistan ($141k).

Imports In 2022, Lithuania imported $5.81M in Vending Machines, becoming the 47th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 614th most imported product in Lithuania. Lithuania imports Vending Machines primarily from: Austria ($1.82M), Italy ($1.16M), Poland ($754k), Latvia ($411k), and Germany ($288k).

The fastest growing import markets in Vending Machines for Lithuania between 2021 and 2022 were Germany ($224k), France ($139k), and Spain ($119k).

Latest Trends

Sep 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 (2022)$2.27M
IMPORTS (2022)$5.81M
NET TRADE (2022)-$3.55M

In 2022, Lithuania exported $2.27M in Vending Machines. The main destinations of Lithuania exports on Vending Machines were Russia ($991k), Nigeria ($386k), Spain ($248k), Uzbekistan ($151k), and Germany ($150k).

In 2022, Lithuania imported $5.81M in Vending Machines, mainly from Austria ($1.82M), Italy ($1.16M), Poland ($754k), Latvia ($411k), and Germany ($288k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Nigeria$386k (1%)
Spain$219k (737%)
Uzbekistan$141k (1.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY Lithuania WERE (2021 - 2022):
Russia-$2.16M (-68.5%)
Belarus-$227k (-99.5%)
Estonia-$118k (-72.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Vending Machines were:
In 2022, 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
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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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