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2021
Flag → Flag
Exports $327kRnk 142 / 0
2021
Flag → Flag
Exports $433kRnk 42 / 102
2021
Flag → Flag
Top Product $333kMetalworking Transfer Machines
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Iceland-San Marino Trade: In 2021, Iceland exported $327k to San Marino. The main products that Iceland exported to San Marino were N/A. Over the past 7 years the exports of Iceland to San Marino have decreased at an annualized rate of 3.88%, from $432k in 2014 to $327k in 2021.

In 2021, Iceland did not export any services to San Marino.

San Marino-Iceland Trade: In 2021, San Marino exported $433k to Iceland. The main products that San Marino exported to Iceland were Metalworking Transfer Machines ($333k), Aluminium Bars ($42.8k), and Drilling Machines ($27.1k). Over the past 7 years the exports of San Marino to Iceland have increased at an annualized rate of 57.3%,  from $45k in 2014 to $433k in 2021.

In 2021, San Marino did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, San Marino ranked 187 in total exports ($204M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Iceland exported $327k to San Marino. There were not main exports from Iceland to San Marino in 2021. During the last 7 years the exports of Iceland to San Marino have decreased at an annualized rate of 3.88%, from $432k in 2014 to $327k in 2021.

In 2017, San Marino exported $433k to Iceland. The main products exported from San Marino to Iceland were Metalworking Transfer Machines ($333k), Aluminium Bars ($42.8k), and Drilling Machines ($27.1k). During the last 5 years the exports of San Marino to Iceland have increased at an annualized rate of 57.3%, from $45k in 2022 to $433k in 2017.

Exports from Iceland (Flag) to San Marino (Flag) (2022)

Exports from San Marino (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and San Marino (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
San Marino
Top DestinationUnited States$20M

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

In 2022, countries that imported more from Iceland than San Marino included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from San Marino than Iceland included Austria ($18M), Romania ($14.8M), and Slovenia ($7.02M).

Difference in imports from San Marino (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - San Marino

Flow
Scale

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

During 2021, Iceland had a large net trade with San Marino in the exports of .

During 2017, San Marino had a large net trade with Iceland in the exports of Machines ($380k), Metals ($44.7k), and Transportation ($7.15k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and San Marino. This means that a dot/product with the flag of Iceland 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 Iceland.

Product Space of Iceland (Flag) and San Marino (Flag) (2022)

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