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2021
Flag → Flag
Exports $327kRnk 106 / 0
2021
Flag → Flag
Exports $337kRnk 48 / 101
2021
Flag → Flag
Top Product $222kWashing and Bottling Machines
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

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 $337k to Iceland. The main products that San Marino exported to Iceland were Washing and Bottling Machines ($222k), Aluminium Bars ($31.4k), and Aluminium Structures ($20.2k). Over the past 7 years the exports of San Marino to Iceland have increased at an annualized rate of 97.8%,  from $11.1k in 2014 to $337k in 2021.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, San Marino ranked 182 in total exports ($224M). 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 2018, San Marino exported $337k to Iceland. The main products exported from San Marino to Iceland were Washing and Bottling Machines ($222k), Aluminium Bars ($31.4k), and Aluminium Structures ($20.2k). During the last 5 years the exports of San Marino to Iceland have increased at an annualized rate of 97.8%, from $11.1k in 2023 to $337k in 2018.

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

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

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
San Marino
Top DestinationGermany$25.9M

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 2023, countries that imported more from Iceland than San Marino included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from San Marino than Iceland included Romania ($18.4M), United Arab Emirates ($8.83M), and Saudi Arabia ($5.92M).

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

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 2018, San Marino had a large net trade with Iceland in the exports of Machines ($251k), Metals ($63.3k), and Foodstuffs ($10k).

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) (2023)

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