Portugal (PRT) and San Marino (SMR) Trade | The Observatory of Economic Complexity

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Portugal-San Marino Trade: In 2023, Portugal exported $1.12M to San Marino. The main products that Portugal exported to San Marino were Raw Plastic Sheeting ($726k), Dried/Salted/Smoked/Brined Fish ($213k), and Other Plastic Sheetings ($71.2k). Over the past 5 years the exports of Portugal to San Marino have increased at an annualized rate of 2.31%, from $997k in 2018 to $1.12M in 2023.

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

San Marino-Portugal Trade: In 2023, San Marino exported $1.21M to Portugal. The main products that San Marino exported to Portugal were Washing and Bottling Machines ($854k), Other Office Machines ($127k), and Copper Pipe Fittings ($78.6k). Over the past 5 years the exports of San Marino to Portugal have increased at an annualized rate of 0.45%, from $1.18M in 2018 to $1.21M in 2023.

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

Comparison In 2023, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, San Marino ranked 182 in total exports ($224M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €4.54k and imported €89.3k from San Marino, resulting in a negative trade balance of €84.7k. Between December 2023 and December 2024 the exports of Portugal have decreased by €-41.6k (-90.2%) from €46.1k to €4.54k, while imports decreased by €-14.4k (-13.9%) from €104k to €89.3k.

Trade In December 2024, the top exports of Portugal to San Marino were Pharmaceutical products (€3.59k), Machinery, mechanical appliances, & parts (€120), Live animals (€0), Meat & edible offal (€0), and Fish, Crustaceans & Molluscs (€0). In December 2024 the top imports of Portugal from San Marino were Machinery, mechanical appliances, & parts (€97.5k), Live animals (€0), Meat & edible offal (€0), Fish, Crustaceans & Molluscs (€0), and Edible products of animal origin, n.e.s. (€0).

Growth In December 2024, the decrease in Portugal's year-by-year exports to San Marino was explained primarily by an decrease in product exports in Plastics & articles thereof (€-66.1k or -100%), Optical, photo, & film equipment; medical... (€-7.49k or -100%), and Footwear (€-4.22k or -100%). In December 2024, the decrease in Portugal's year-by-year imports from San Marino was explained primarily by an decrease in product imports in Electrical machinery and electronics (€-54 or -100%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)€-41.6k(-90.2%)

IMPORT GROWTH (December 2023 - December 2024)€-14.4k(-13.9%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Portugal exported $1.12M to San Marino. The main products exported from Portugal to San Marino were Raw Plastic Sheeting ($726k), Dried/Salted/Smoked/Brined Fish ($213k), and Other Plastic Sheetings ($71.2k). During the last 5 years the exports of Portugal to San Marino have increased at an annualized rate of 2.31%, from $997k in 2018 to $1.12M in 2023.

In 2018, San Marino exported $1.21M to Portugal. The main products exported from San Marino to Portugal were Washing and Bottling Machines ($854k), Other Office Machines ($127k), and Copper Pipe Fittings ($78.6k). During the last 5 years the exports of San Marino to Portugal have increased at an annualized rate of 0.45%, from $1.18M in 2023 to $1.21M in 2018.

Exports from Portugal () to San Marino () (2023)

Exports from San Marino () to Portugal () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$17.7B

San Marino
Top DestinationGermany$25.9M

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

In 2023, countries that imported more from Portugal than San Marino included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Difference in imports from San Marino () and Portugal () (2023)

Comparative Advantage Portugal - San Marino

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Portugal had a large net trade with San Marino in the exports of Plastics and Rubbers ($797k), Animal Products ($213k), and Paper Goods ($27.2k).

During 2018, San Marino had a large net trade with Portugal in the exports of Machines ($1.1M), Metals ($78.9k), and Plastics and Rubbers ($10.7k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to San Marino () (2023)

Exports from San Marino () to Portugal () (2023)

Market Competitiveness

Difference in imports from San Marino () and Portugal () (2023)

Comparative Advantage Portugal - San Marino

Economic Complexity

Competitive Landscape

Product Space of Portugal () and San Marino () (2023)

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