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2022
Exports $384MWorld Rnk 2 / 127
Flag Rnk 628 / 1216
2022
Destination $39.1M United States
2021 - 2022
FASTEST GROWING MARKET $39.1MUnited States
2022
PRODUCT COMPLEXITY IN Vending Machines0.65Rnk 296 / 1025
2022
Imports $16.7MWorld Rnk 24 / 202
Flag Rnk 950 / 1212
2022
Origin $1.07M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $1.07MSwitzerland
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $384M in Vending Machines, making it the 2nd largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 628th most exported product in China. The main destination of Vending Machines exports from China are: United States ($71.6M), Mexico ($51.8M), Hong Kong ($43.7M), Japan ($41.5M), and United Kingdom ($22.3M).

The fastest growing export markets for Vending Machines of China between 2021 and 2022 were United States ($39.1M), Japan ($17M), and Hong Kong ($14.9M).

Imports In 2022, China imported $16.7M in Vending Machines, becoming the 24th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 950th most imported product in China. China imports Vending Machines primarily from: Chinese Taipei ($3.76M), China ($3.18M), Israel ($1.85M), Italy ($1.66M), and Switzerland ($1.23M).

The fastest growing import markets in Vending Machines for China between 2021 and 2022 were Switzerland ($1.07M), Israel ($897k), and Chinese Taipei ($713k).

COMPANIES In 2023, leading companies such as CrimsonLogic (10), Electrolux (2), and Medical Depot (2) were at the forefront of shipping Vending Machines from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Vending Machines exports accounted up to $28.6M and imports accounted up to $657k, resulting in a positive trade balance of $28M. Between September 2023 and September 2024 the exports of China's   Vending Machines have decreased by $-1.99M (-6.51%) from $30.6M to $28.6M, while imports increased by $173k (35.7%) from $484k to $657k.

Destinations In September 2024, Vending Machines were exported mostly to Japan ($6.27M), United States ($5.87M), Hong Kong ($2.01M), Mexico ($1.95M), and United Kingdom ($1.35M), and were imported mostly from Japan ($217k), Switzerland ($208k), China ($122k), Canada ($36.1k), and Sweden ($27.3k).

Growth In September 2024, the decrease in Vending Machines's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-1.26M or -50.8%), Thailand ($-1.1M or -47.6%), and United Kingdom ($-746k or -51.1%). In September 2024, the increase in Vending Machines's year-by-year imports was explained primarily by an increase in imports from Bangladesh ($44.6k or 818%), Germany ($11.6k or 531%), and South Korea ($289 or 43.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-1.99M(-6.51%)
IMPORT GROWTH (September 2023 - September 2024)$173k(35.7%)
MAIN EXPORTER (September 2024)Guangdong Province$18.9M
MAIN DESTINATION (September 2024)Japan$6.27M

This section shows Vending Machines's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Vending Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$384M
IMPORTS (2022)$16.7M
NET TRADE (2022)$367M

In 2022, China exported $384M in Vending Machines. The main destinations of China exports on Vending Machines were United States ($71.6M), Mexico ($51.8M), Hong Kong ($43.7M), Japan ($41.5M), and United Kingdom ($22.3M).

In 2022, China imported $16.7M in Vending Machines, mainly from Chinese Taipei ($3.76M), China ($3.18M), Israel ($1.85M), Italy ($1.66M), and Switzerland ($1.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$39.1M (121%)
Japan$17M (69.6%)
Hong Kong$14.9M (51.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY China WERE (2021 - 2022):
Thailand-$4.66M (-29.8%)
Russia-$4.16M (-51%)
Sweden-$1.48M (-59.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Vending Machines were:
Italy $419M
United States $89.1M
In 2022, China's main importing competitors in Vending Machines were:
United States $248M
France $149M
Germany $137M

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Trade Value of Vending Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.65M
TOP IMPORT POTENTIALItaly+ $1.31M

Vending Machines’s highest export potential is Germany. With an export gap of $3.65M.   Vending Machines’s highest import potential is Italy with an import gap of $1.31M.

See methodology.

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