HS Code:
Automatic beverage-vending machines (HS Code: 847621) include machines designed to dispense beverages such as coffee, tea, soft drinks, and other liquids automatically upon payment or token insertion. These machines are widely used in public spaces, offices, schools, and transit hubs globally. The category encompasses machines with or without heating or refrigerating devices, reflecting diverse applications across climates and consumer preferences. Trade in this category is driven by urbanization, demand for convenience, and advancements in vending technology such as cashless payment systems and energy efficiency.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 320 million
26.7% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Increasing
USD 180 million
15.0% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rise of smart vending machines
Increased demand for machines with IoT integration, touchless payment systems, and remote monitoring, driving trade growth particularly in developed markets.
2021-2023
Sustainability focus
Growing preference for energy-efficient machines and those using eco-friendly refrigerants, influencing manufacturer designs and trade policies.
2020-2022
Urbanization in emerging markets
Higher demand in Asia and Africa for affordable vending solutions in densely populated areas, boosting exports from China and other low-cost producers.
2019-2023
The European Union updated its energy efficiency labeling requirements for vending machines, mandating stricter standards for new imports starting in 2023.
March 2023
Manufacturers exporting to the EU must adapt designs, potentially increasing production costs but improving long-term market access for compliant firms.
Ongoing trade disputes have led to additional tariffs on Chinese-made vending machines entering the US market, prompting supply chain diversification.
January 2022
Increased costs for US importers and a shift toward alternative suppliers like Italy and Mexico.
Japan reported a surge in demand for vending machines with mobile payment capabilities, driven by consumer preference for contactless transactions post-COVID.
September 2022
Boosted domestic production and exports of high-tech vending machines, though overall trade volume slightly declined due to market saturation.