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๐Ÿ“ฆ Automatic goods-vending machines (for example, postage stamp, cigarette, food or beverage machines), including money-changing machines; parts thereof

Automatic goods-vending machines (for example, postage stamp, cigarette, food or beverage machines), including money-changing machines; parts thereof

HS Code:

๐Ÿ“ฆ

Overview

The category of Automatic Goods-Vending Machines (HS Code: 8476) includes machines designed for the automatic dispensing of goods such as postage stamps, cigarettes, food, beverages, and other items, as well as money-changing machines. This category also covers parts and accessories specific to these machines. These products are integral to retail and service industries, providing convenience and efficiency in various public and private settings worldwide.

Total Trade Volume

USD 2.5 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12% (applied by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU Single Market)

Common Restrictions

  • Import quotas in specific regions
  • Safety and technical standards compliance
  • Licensing requirements for installation and operation
  • Restrictions on currency-changing functionalities due to anti-money laundering regulations

Market Trends

Rise in contactless payment integration

Increased demand for vending machines with digital payment options, boosting market growth in urban areas

2021-2023

Growth in smart vending machines

Adoption of IoT-enabled machines for inventory tracking and consumer behavior analysis, driving innovation

2020-2022

Expansion in emerging markets

Higher demand in Asia-Pacific and Latin America due to urbanization and retail modernization

2019-2023

Recent Developments

EU Regulation on Vending Machine Energy Efficiency

The European Union introduced stricter energy consumption standards for vending machines to align with sustainability goals.

January 2023

Manufacturers are compelled to innovate energy-efficient designs, potentially increasing production costs but improving long-term market competitiveness.

US-China Trade Agreement Update

A new trade agreement reduced tariffs on vending machine parts between the US and China, facilitating smoother supply chains.

March 2022

Lower costs for manufacturers in both countries, potentially increasing trade volume by 5-10% in the near term.

Japanโ€™s Vending Machine Modernization Initiative

Japan launched a government-backed program to replace outdated vending machines with smart, connected units across the country.

September 2022

Significant boost in domestic production and export potential as Japanese manufacturers lead in smart vending technology.