San Marino
2019 Product Exports | Imports: $146M | $301M, 184 of 225 | 196 of 225
2019 Per Capita Product Exports | Imports: $4.3k | $8.89k, 55 of 219 | 29 of 219
Overview In 2019 San Marino was the number 184 in total exports, the number 196 in total imports and the number null most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of San Marino are Washing and Bottling Machines ($43.2M), Packaged Medicaments ($10.3M), Woodworking machines ($7.29M), Other Edible Preparations ($5.89M), and Planes, Helicopters, and/or Spacecraft ($5.3M), exporting mostly to Romania ($13.9M), France ($12.6M), United States ($11.6M), Germany ($11.4M), and Poland ($9.45M).
Imports The top imports of San Marino are Electricity ($27.7M), Cars ($18.2M), Raw Aluminium ($17.1M), Other Footwear ($15M), and Petroleum Gas ($11.8M), importing mostly from Germany ($63.8M), Italy ($39.4M), Poland ($31.2M), France ($21.4M), and Spain ($20.7M).
Location San Marino borders Italy by land.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2019): Washing and Bottling Machines, $43.2M
Top Destination (2019): Romania, $13.9M
In 2019, San Marino exported a total of $146M, making it the number 184 exporter in the world. During the last five reported years the exports of San Marino have changed by -$3.16M from $149M in 2014 to $146M in 2019.
The most recent exports are led by Washing and Bottling Machines ($43.2M), Packaged Medicaments ($10.3M), Woodworking machines ($7.29M), Other Edible Preparations ($5.89M), and Planes, Helicopters, and/or Spacecraft ($5.3M). The most common destination for the exports of San Marino are Romania ($13.9M), France ($12.6M), United States ($11.6M), Germany ($11.4M), and Poland ($9.45M).
Yearly Imports
#permalink to sectionTop Import (2019): Electricity, $27.7M
Top Origin (2019): Germany, $63.8M
In 2019 San Marino imported $301M, making it the number 196 trade destination in the world. During the last five reported years the imports of San Marino changed by -$37.5M from $339M in 2014 to $301M in 2019.
The most recent imports of San Marino are led by Electricity ($27.7M), Cars ($18.2M), Raw Aluminium ($17.1M), Other Footwear ($15M), and Petroleum Gas ($11.8M). The most common import partners for San Marino are Germany ($63.8M), Italy ($39.4M), Poland ($31.2M), France ($21.4M), and Spain ($20.7M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2018 - 2019)
- Saudi Arabia, $3.49M (+ 215%)
- South Korea, $1.56M (+ 106%)
- Romania, $626k (+ 4.73%)
Fastest Growing Import Markets (2018 - 2019)
- Switzerland, $9.16M (+ 214%)
- United Arab Emirates, $4.22M (+ 124k%)
- Germany, $3.12M (+ 5.15%)
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionSan Marino has a high level of specialization in Other Non-Knit Clothing Accessories (184), Washing and Bottling Machines (170), Stone Working Machines (133), Carded Wool or Animal Hair Fabric (130), and Woodworking machines (106). 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
#permalink to sectionThe highest complexity exports of San Marino according to the product complexity index (PCI) are Machining centre, single/multistation transfer machine (2.42), Sharpening, honing, lapping, grinding machine tools (1.77), Electric solder, weld, braze,hot metal spray equipment (1.75), Machine-tools for forging, die-stamping, bending metal (1.65), and Lubricant, oils, textile, leather work, <70% petroleum (1.54). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for San Marino according to the relatedness index, are Mannequins (0.15), Leather Machinery (0.15), Knit Socks and Hosiery (0.15), Metal-Clad Products (0.15), and Iron Toiletry (0.15). 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
#permalink to sectionThe 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 it is currently specialized in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.