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Overview In 2021 San Marino was the number 181 economy in the world in terms of total exports and the number 195 in total imports.

Exports The top exports of San Marino are Washing and Bottling Machines ($57.2M), Pesticides ($21.4M), Other Edible Preparations ($16.7M), Woodworking machines ($13M), and Other Furniture ($10.6M), exporting mostly to Lebanon ($23.7M), Romania ($16.7M), France ($16.2M), Austria ($14.3M), and United States ($13.7M).

Imports The top imports of San Marino are Electricity ($39.6M), Cars ($33.2M), Raw Aluminium ($26.4M), Non-Knit Women's Suits ($17.2M), and Other Footwear ($16.3M), importing mostly from Germany ($79.6M), Italy ($55.4M), Poland ($36.6M), France ($33.3M), and Spain ($29.1M).

Location San Marino borders Italy by land.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of San Marino.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

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Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Washing and Bottling Machines$57.2M
Top Destination (2021)Lebanon$23.7M

In 2021, San Marino exported a total of $222M, making it the number 181 exporter in the world. During the last five reported years the exports of San Marino have changed by $78.4M from $143M in 2016 to $222M in 2021.

The most recent exports are led by Washing and Bottling Machines ($57.2M), Pesticides ($21.4M), Other Edible Preparations ($16.7M), Woodworking machines ($13M), and Other Furniture ($10.6M). The most common destination for the exports of San Marino are Lebanon ($23.7M), Romania ($16.7M), France ($16.2M), Austria ($14.3M), and United States ($13.7M).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
Lebanon$19.2M (+ 435%)
Austria$6.56M (+ 84.7%)
Brazil$5.06M (+ 70.8%)
Fastest Growing Import Markets (2020 - 2021)
Germany$29.5M (+ 59%)
Italy$23.8M (+ 75.1%)
Netherlands$17.7M (+ 213%)

Total Export Growth by Market (2020 - 2021)

Economic Complexity

Most Specialized Products by RCA Index

San Marino has a high level of specialization in Washing and Bottling Machines (153), Stone Working Machines (145), Other Non-Knit Clothing Accessories (136), Woodworking machines (126), and Collector's Items (97.9). Specialization is measured using RCA, an index that takes the ratio between San Marino observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for San Marino according to the relatedness index, were Large Iron Containers (0.14), Industrial Furnaces (0.14), Olive Oil (0.14), Other Cotton Fabrics (0.14), and Cotton Sewing Thread (0.14). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that San Marino is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of San Marino. These are products that tend to be co-exported with the products that San Marino exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

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