Overview In 2020 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 ($45M), Other Edible Preparations ($14.1M), Packaged Medicaments ($9.88M), Woodworking machines ($7.29M), and Other Furniture ($6.57M), exporting mostly to Romania ($14.8M), France ($13.8M), United States ($11.9M), Russia ($11.5M), and Germany ($10.9M).

Imports The top imports of San Marino are Planes, Helicopters, and/or Spacecraft ($28.6M), Electricity ($20.7M), Cars ($17M), Non-Knit Women's Suits ($14.8M), and Raw Aluminium ($14.4M), importing mostly from Germany ($50.1M), Austria ($36.3M), Italy ($30.4M), Poland ($26.9M), and France ($26.3M).

Location San Marino borders Italy by land.

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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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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.

Latest Data (dev)

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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.

Historical Data

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Top Export (2020): Washing and Bottling Machines, $45M

Top Destination (2020): Romania, $50.1M

In 2020, San Marino exported a total of $157M, making it the number 181 exporter in the world. During the last five reported years the exports of San Marino have changed by $15.5M from $141M in 2015 to $157M in 2020.

The most recent exports are led by Washing and Bottling Machines ($45M), Other Edible Preparations ($14.1M), Packaged Medicaments ($9.88M), Woodworking machines ($7.29M), and Other Furniture ($6.57M). The most common destination for the exports of San Marino are Romania ($14.8M), France ($13.8M), United States ($11.9M), Russia ($11.5M), and Germany ($10.9M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Economic Complexity

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Most Specialized Products by RCA Index

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San Marino has a high level of specialization in Other Non-Knit Clothing Accessories (190), Washing and Bottling Machines (152), Stone Working Machines (108), Carded Wool or Animal Hair Fabric (100), and Woodworking machines (97.8). Specialization is measured using RCA, an index that takes the ratio between San Marino observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of San Marino according to the product complexity index (PCI) are Metalworking Transfer Machines (2.55), Machinery Having Individual Functions (1.95), Electric Soldering Equipment (1.78), Lubricating Products (1.66), and Metal Finishing Machines (1.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for San Marino according to the relatedness index, are House Linens (0.14), Leather Machinery (0.14), Non-Retail Artificial Staple Fibers Sewing Thread (0.14), Iron Toiletry (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.

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

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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.