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Exports In 2023, Latvia exported $579k in Vending Machines, making it the 57th largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 724th most exported product in Latvia. The main destination of Vending Machines exports from Latvia are: Uzbekistan ($196k), Spain ($108k), Lithuania ($82.3k), Turkey ($47.2k), and Estonia ($41.1k).

The fastest growing export markets for Vending Machines of Latvia between 2022 and 2023 were Uzbekistan ($196k), Spain ($93.8k), and Turkey ($42.1k).

Imports In 2023, Latvia imported $2.35M in Vending Machines, becoming the 64th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 654th most imported product in Latvia. Latvia imports Vending Machines primarily from: Italy ($718k), Lithuania ($492k), Germany ($315k), Poland ($256k), and Finland ($247k).

The fastest growing import markets in Vending Machines for Latvia between 2022 and 2023 were Lithuania ($410k), Poland ($171k), and Chinese Taipei ($76.4k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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)$579k
IMPORTS (2023)$2.35M
NET TRADE (2023)-$1.77M

In 2023, Latvia exported $579k in Vending Machines. The main destinations of Latvia exports on Vending Machines were Uzbekistan ($196k), Spain ($108k), Lithuania ($82.3k), Turkey ($47.2k), and Estonia ($41.1k).

In 2023, Latvia imported $2.35M in Vending Machines, mainly from Italy ($718k), Lithuania ($492k), Germany ($315k), Poland ($256k), and Finland ($247k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Uzbekistan$196k (1%)
Spain$93.8k (677%)
Turkey$42.1k (831%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY Latvia WERE (2022 - 2023):
Lithuania-$313k (-79.2%)
Russia-$70.2k (-100%)
Austria-$51.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Latvia's main exporting competitors in Vending Machines were:
In 2023, Latvia's main importing competitors in Vending Machines were:

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Trade Value of Vending Machines by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $38.2k
TOP IMPORT POTENTIALPoland+ $50.8k

Vending Machines’s highest export potential is Russia. With an export gap of $38.2k.   Vending Machines’s highest import potential is Poland with an import gap of $50.8k.

See methodology.

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