2023
Flag
 GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC
$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195

About

San Marino-Germany Trade: In 2023, San Marino exported $25.9M to Germany. The main products that San Marino exported to Germany were Planes, Helicopters, and/or Spacecraft ($12.6M), Washing and Bottling Machines ($5.37M), and Paper Containers ($1.08M). Over the past 5 years the exports of San Marino to Germany have increased at an annualized rate of 15.5%, from $12.6M in 2018 to $25.9M in 2023.

In 2023, San Marino did not export any services to Germany.

Germany-San Marino Trade: In 2023, Germany exported $95.1M to San Marino. The main products that Germany exported to San Marino were Cars ($43.2M), Knit T-shirts ($3.33M), and Electrical Transformers ($2.84M). Over the past 5 years the exports of Germany to San Marino have increased at an annualized rate of 9.39%,  from $60.7M in 2018 to $95.1M in 2023.

In 2023, Germany did not export any services to San Marino.

Comparison In 2023,  San Marino ranked 182 in total exports ($224M), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, San Marino exported $25.9M to Germany. The main products exported from San Marino to Germany were Planes, Helicopters, and/or Spacecraft ($12.6M), Washing and Bottling Machines ($5.37M), and Paper Containers ($1.08M). During the last 5 years the exports of San Marino to Germany have increased at an annualized rate of 15.5%, from $12.6M in 2018 to $25.9M in 2023.

In 2018, Germany exported $95.1M to San Marino. The main products exported from Germany to San Marino were Cars ($43.2M), Knit T-shirts ($3.33M), and Electrical Transformers ($2.84M). During the last 5 years the exports of Germany to San Marino have increased at an annualized rate of 9.39%, from $60.7M in 2023 to $95.1M in 2018.

Exports from San Marino (Flag) to Germany (Flag) (2023)

Exports from Germany (Flag) to San Marino (Flag) (2023)

Latest Data

Trade between San Marino (Flag) and Germany (Flag)

Germany Exports

Market Competitiveness

Color
San Marino
Top Destination
Germany$25.9M
Germany
Top Destination
United States$157B

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

In 2023, no countries were registered that imported more from San Marino than from Germany.

In 2023, countries that imported more from Germany than San Marino included United States ($157B), France ($118B), and Netherlands ($108B).

Difference in imports from Germany (Flag) and San Marino (Flag) (2023)

Comparative Advantage San Marino - Germany

Flow
Scale

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

During 2023, San Marino had a large net trade with Germany in the exports of Transportation ($12.7M), Machines ($7.6M), and Metals ($1.52M).

During 2018, Germany had a large net trade with San Marino in the exports of Transportation ($45.1M), Machines ($13M), and Textiles ($9.97M).

Economic Complexity

Competitive Landscape

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

Product Space of San Marino (Flag) and Germany (Flag) (2023)

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