San Marino (SMR) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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San Marino-Belgium Trade: In 2022, San Marino exported $701k to Belgium. The main products that San Marino exported to Belgium were Washing and Bottling Machines ($132k), Pesticides ($123k), and Other Office Machines ($98.1k). Over the past 5 years the exports of San Marino to Belgium have increased at an annualized rate of 14.1%, from $363k in 2017 to $701k in 2022.

In 2022, San Marino did not export any services to Belgium.

Belgium-San Marino Trade: In 2022, Belgium exported $7.73M to San Marino. The main products that Belgium exported to San Marino were Raw Plastic Sheeting ($1.41M), Non-Knit Women's Suits ($1.03M), and Diamonds ($717k). Over the past 5 years the exports of Belgium to San Marino have increased at an annualized rate of 4.44%, from $6.22M in 2017 to $7.73M in 2022.

In 2022, Belgium did not export any services to San Marino.

Comparison In 2022, San Marino ranked 187 in total exports ($204M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, San Marino exported $701k to Belgium. The main products exported from San Marino to Belgium were Washing and Bottling Machines ($132k), Pesticides ($123k), and Other Office Machines ($98.1k). During the last 5 years the exports of San Marino to Belgium have increased at an annualized rate of 14.1%, from $363k in 2017 to $701k in 2022.

In 2017, Belgium exported $7.73M to San Marino. The main products exported from Belgium to San Marino were Raw Plastic Sheeting ($1.41M), Non-Knit Women's Suits ($1.03M), and Diamonds ($717k). During the last 5 years the exports of Belgium to San Marino have increased at an annualized rate of 4.44%, from $6.22M in 2022 to $7.73M in 2017.

Exports from San Marino () to Belgium () (2022)

Exports from Belgium () to San Marino () (2022)

Latest Data

Trade between San Marino () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

San Marino
Top DestinationUnited States$20M

Belgium
Top DestinationGermany$91.9B

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

In 2022, no countries were registered that imported more from San Marino than from Belgium.

In 2022, countries that imported more from Belgium than San Marino included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and San Marino () (2022)

Comparative Advantage San Marino - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, San Marino had a large net trade with Belgium in the exports of Machines ($403k), Chemical Products ($123k), and Foodstuffs ($118k).

During 2017, Belgium had a large net trade with San Marino in the exports of Textiles ($2.8M), Plastics and Rubbers ($1.91M), and Machines ($772k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from San Marino () to Belgium () (2022)

Exports from Belgium () to San Marino () (2022)

Latest Data

Trade between San Marino () and Belgium ()

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and San Marino () (2022)

Comparative Advantage San Marino - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of San Marino () and Belgium () (2022)

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