Flag San Marino

Product Exports (2018): $156M, Rank 181 of 222

Exports Per Capita (2018): $4.62k, Rank 140 of 219

Product Imports (2018): $315M, Rank 189 of 221

Imports Per Capita (2018): $9.33k, Rank 136 of 219

Overview: In 2018 San Marino was the number 181 in total exports and the number 189 in total imports. In 2018, San Marino exported $156M and imported $315M, resulting in a negative trade balance of -$159M. In 2018, San Marino's exports per capita were $4.62k and its imports per capita were $9.33k.

Trade: The top exports of San Marino are Washing and Bottling Machines ($44.9M), Packaged Medicaments ($12.1M), Woodworking machines ($8.88M), Other Edible Preparations ($7.43M), and Other Furniture ($6.05M). The top imports of San Marino are Electricity ($31.1M), Raw Aluminium ($22.8M), Cars ($19.5M), Other Footwear ($17.5M), and Petroleum Gas ($13.8M).

Destinations: San Marino exports mostly to Romania ($13.2M), France ($12.7M), Germany ($12.6M), United States ($11.8M), and Austria ($10.5M), and imports mostly from Germany ($60.6M), Italy ($44.8M), Poland ($33.8M), France ($25.7M), and Belgium-Luxembourg ($19M).

Location: San Marino borders Italy by land.

Product Exports

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Top Export (2018): Washing and Bottling Machines, $44.9M

Top Destination (2018): Romania, $13.2M

In 2018 San Marino exported a total of $156M, making it the number 181 exporter in the world. During the last five reported years the exports of San Marino have changed by $26.9M from $129M in 2013 to $156M in 2018.

The most recent exports are led by Washing and Bottling Machines ($44.9M), Packaged Medicaments ($12.1M), Woodworking machines ($8.88M), Other Edible Preparations ($7.43M), and Other Furniture ($6.05M). The most common destination for the exports of San Marino are Romania ($13.2M), France ($12.7M), Germany ($12.6M), United States ($11.8M), and Austria ($10.5M).

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Product Imports

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Top Import (2018): Electricity, $31.1M

Top Origin (2018): Germany, $60.6M

In 2018 San Marino imported $315M, making it the number 189 trade destination in the world. During the last five reported years the imports of San Marino changed by -$29.8M from $345M in 2013 to $315M in 2018.

The most recent imports of San Marino are led by Electricity ($31.1M), Raw Aluminium ($22.8M), Cars ($19.5M), Other Footwear ($17.5M), and Petroleum Gas ($13.8M). The most common import partners for San Marino are Germany ($60.6M), Italy ($44.8M), Poland ($33.8M), France ($25.7M), and Belgium-Luxembourg ($19M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for San Marino. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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 Washing and Bottling Machines (166), Other Non-Knit Clothing Accessories (149), Carded Wool or Animal Hair Fabric (126), Woodworking machines (121), and Stone Working Machines (115). 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 Machining centre, single/multistation transfer machine (2.58), Electric solder, weld, braze,hot metal spray equipment (1.83), Sharpening, honing, lapping, grinding machine tools (1.64), Fork-lift trucks, other trucks with lifting equipment (1.59), and Parts and accessories for machine tools (1.52). 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 Hats (0.15), Leather Apparel (0.15), Mannequins (0.15), Non-Knit Women's Shirts (0.15), and Knit Sweaters (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.

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 it is currently specialized in.

Diversification Frontier

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The 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.