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2022
Flag → Flag
Exports $7.73MRnk 168 / 222
2022
Flag → Flag
Top Product $1.41MRaw Plastic Sheeting
2022
Flag → Flag
Exports $701kRnk 36 / 102
2022
Flag → Flag
Top Product $132kWashing and Bottling Machines
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belgium-San Marino Trade: In 2022, Belgium exported $7.73M to San Marino. The main products that Belgium exported to San Marino were Raw Plastic Sheeting ($1.41M), Non-Knit Women's Suits ($1.03M), and Diamonds ($717k). Over the past 5 years the exports of Belgium to San Marino have increased at an annualized rate of 4.44%, from $6.22M in 2017 to $7.73M in 2022.

In 2022, Belgium did not export any services to San Marino.

San Marino-Belgium Trade: In 2022, San Marino exported $701k to Belgium. The main products that San Marino exported to Belgium were Washing and Bottling Machines ($132k), Pesticides ($123k), and Other Office Machines ($98.1k). Over the past 5 years the exports of San Marino to Belgium have increased at an annualized rate of 14.1%,  from $363k in 2017 to $701k in 2022.

In 2022, San Marino did not export any services to Belgium.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25),  and 13 in total exports ($475B). That same year, San Marino ranked 187 in total exports ($204M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, Belgium exported €662k and imported €117k from San Marino, resulting in a positive trade balance of €546k. Between June 2023 and June 2024 the exports of Belgium have increased by €199k (43%) from €463k to €662k, while imports increased by €77.9k (200%) from €39k to €117k.

Trade In June 2024, the top exports of Belgium to San Marino were Non-knitted clothing accesories (€185k), Plastics & articles thereof (€67.7k), Electrical machinery and electronics (€62.5k), Cars, tractors, trucks & parts thereof. (€45.4k), and Aluminum articles (€28.9k). In June 2024 the top imports of Belgium from San Marino were Machinery, mechanical appliances, & parts (€18.8k), Plastics & articles thereof (€6.49k), Beverages, spirits, & vinegar (€5.76k), Furniture, bedding, lamps, & prefab buildings (€1.59k), and Electrical machinery and electronics (€486).

Growth In June 2024, the increase in Belgium's year-by-year exports to San Marino was explained primarily by an increase in product exports in Non-knitted clothing accesories (€172k or 1.33k%), Knitted clothing accesories (€23.8k or 594%), and Machinery, mechanical appliances, & parts (€20.4k or 1.44k%). In June 2024, the increase in Belgium's year-by-year imports  from San Marino was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€199k(43%)
IMPORT GROWTH (June 2023 - June 2024)€77.9k(200%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check San Marino and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore San Marino and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $7.73M to San Marino. The main products exported from Belgium to San Marino were Raw Plastic Sheeting ($1.41M), Non-Knit Women's Suits ($1.03M), and Diamonds ($717k). During the last 5 years the exports of Belgium to San Marino have increased at an annualized rate of 4.44%, from $6.22M in 2017 to $7.73M in 2022.

In 2017, San Marino exported $701k to Belgium. The main products exported from San Marino to Belgium were Washing and Bottling Machines ($132k), Pesticides ($123k), and Other Office Machines ($98.1k). During the last 5 years the exports of San Marino to Belgium have increased at an annualized rate of 14.1%, from $363k in 2022 to $701k in 2017.

Exports from Belgium (Flag) to San Marino (Flag) (2022)

Exports from San Marino (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
San Marino
Top DestinationUnited States$20M

This map shows whether countries import more from Belgium or San Marino. Each country is colored based on the difference in imports they receive from Belgium and San Marino or the difference in the growth in imports.

In 2022, countries that imported more from Belgium than San Marino included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, no countries were registered that imported more from San Marino than from Belgium.

Difference in imports from San Marino (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - San Marino

Flow
Scale

This chart compares trade between Belgium and San Marino by product, considering products traded by both, Belgium and San Marino.

During 2022, Belgium had a large net trade with San Marino in the exports of N/A.

During 2017, San Marino had a large net trade with Belgium in the exports of Machines ($403k), Chemical Products ($123k), and Foodstuffs ($118k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and San Marino. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over San Marino. Similarly, a dot/product with the flag of San Marino indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and San Marino (Flag) (2022)

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