2023
Flag
 GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC
$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH
61.4%CURRENT US$
Rnk 29 / 195

About

San Marino-Hungary Trade: In 2023, San Marino exported $1.45M to Hungary. The main products that San Marino exported to Hungary were Washing and Bottling Machines ($924k), Other Edible Preparations ($314k), and Animal Food ($62k). Over the past 5 years the exports of San Marino to Hungary have increased at an annualized rate of 16.5%, from $675k in 2018 to $1.45M in 2023.

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

Hungary-San Marino Trade: In 2023, Hungary exported $193k to San Marino. The main products that Hungary exported to San Marino were Other Electrical Machinery ($49.1k), Other toys ($32k), and Plastic Housewares ($28.8k). Over the past 5 years the exports of Hungary to San Marino have decreased at an annualized rate of 14.6%,  from $425k in 2018 to $193k in 2023.

In 2023, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, San Marino exported $1.45M to Hungary. The main products exported from San Marino to Hungary were Washing and Bottling Machines ($924k), Other Edible Preparations ($314k), and Animal Food ($62k). During the last 5 years the exports of San Marino to Hungary have increased at an annualized rate of 16.5%, from $675k in 2018 to $1.45M in 2023.

In 2018, Hungary exported $193k to San Marino. The main products exported from Hungary to San Marino were Other Electrical Machinery ($49.1k), Other toys ($32k), and Plastic Housewares ($28.8k). During the last 5 years the exports of Hungary to San Marino have decreased at an annualized rate of 14.6%, from $425k in 2023 to $193k in 2018.

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

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

Latest Data

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

Hungary Exports

Market Competitiveness

Color
San Marino
Top Destination
Germany$25.9M
Hungary
Top Destination
Germany$37.4B

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

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

In 2023, countries that imported more from Hungary than San Marino included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage San Marino - Hungary

Flow
Scale

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

During 2023, San Marino had a large net trade with Hungary in the exports of Machines ($1M), Foodstuffs ($405k), and Instruments ($31.2k).

During 2018, Hungary had a large net trade with San Marino in the exports of Machines ($71.8k), Foodstuffs ($37.3k), and Miscellaneous ($35.7k).

Economic Complexity

Competitive Landscape

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

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

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