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2023
Flag → Flag
Exports $10.7MRnk 163 / 220
2023
Flag → Flag
Top Product $2.82MRaw Plastic Sheeting
2023
Flag → Flag
Exports $758kRnk 37 / 101
2023
Flag → Flag
Top Product $201kCars
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Belgium-San Marino Trade: In 2023, Belgium exported $10.7M to San Marino. The main products that Belgium exported to San Marino were Raw Plastic Sheeting ($2.82M), Knit Sweaters ($1.27M), and Cars ($891k). Over the past 5 years the exports of Belgium to San Marino have increased at an annualized rate of 12%, from $6.06M in 2018 to $10.7M in 2023.

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

San Marino-Belgium Trade: In 2023, San Marino exported $758k to Belgium. The main products that San Marino exported to Belgium were Cars ($201k), Washing and Bottling Machines ($112k), and Other Office Machines ($62.4k). Over the past 5 years the exports of San Marino to Belgium have increased at an annualized rate of 14.5%,  from $385k in 2018 to $758k in 2023.

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

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, San Marino ranked 182 in total exports ($224M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Belgium exported €762k and imported €11.7k from San Marino, resulting in a positive trade balance of €750k. Between November 2023 and November 2024 the exports of Belgium have decreased by €-98k (-11.4%) from €860k to €762k, while imports decreased by €-27.7k (-70.3%) from €39.4k to €11.7k.

Trade In November 2024, the top exports of Belgium to San Marino were Non-knitted clothing accesories (€185k), Plastics & articles thereof (€67.7k), Electrical machinery and electronics (€62.5k), Cars, tractors, trucks & parts thereof. (€45.4k), and Aluminum articles (€28.9k). In November 2024 the top imports of Belgium from San Marino were Machinery, mechanical appliances, & parts (€18.8k), Plastics & articles thereof (€6.49k), Beverages, spirits, & vinegar (€5.76k), Furniture, bedding, lamps, & prefab buildings (€1.59k), and Electrical machinery and electronics (€486).

Growth In November 2024, the decrease in Belgium's year-by-year exports to San Marino was explained primarily by an decrease in product exports in Plastics & articles thereof (€-160k or -70.3%), Precious stones, metals, & pearls (€-47.6k or -70.4%), and Electrical machinery and electronics (€-8.11k or -11.5%). In November 2024, the decrease in Belgium's year-by-year imports  from San Marino was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts (€-9.27k or -33%), Beverages, spirits, & vinegar (€-1.58k or -21.6%), and Plastics & articles thereof (€-1.57k or -19.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-98k(-11.4%)
IMPORT GROWTH (November 2023 - November 2024)€-27.7k(-70.3%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check San Marino and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore San Marino and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $10.7M to San Marino. The main products exported from Belgium to San Marino were Raw Plastic Sheeting ($2.82M), Knit Sweaters ($1.27M), and Cars ($891k). During the last 5 years the exports of Belgium to San Marino have increased at an annualized rate of 12%, from $6.06M in 2018 to $10.7M in 2023.

In 2018, San Marino exported $758k to Belgium. The main products exported from San Marino to Belgium were Cars ($201k), Washing and Bottling Machines ($112k), and Other Office Machines ($62.4k). During the last 5 years the exports of San Marino to Belgium have increased at an annualized rate of 14.5%, from $385k in 2023 to $758k in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
San Marino
Top DestinationGermany$25.9M

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

In 2023, countries that imported more from Belgium than San Marino included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

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

Comparative Advantage Belgium - San Marino

Flow
Scale

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

During 2023, Belgium had a large net trade with San Marino in the exports of Textiles ($3.7M), Plastics and Rubbers ($3.36M), and Machines ($1.02M).

During 2018, San Marino had a large net trade with Belgium in the exports of Machines ($382k), Transportation ($202k), and Textiles ($56.1k).

Economic Complexity

Competitive Landscape

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

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

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