San Marino (SMR) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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San Marino-Iceland Trade: In 2022, 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 5 years the exports of San Marino to Iceland have increased at an annualized rate of 57.3%, from $45k in 2017 to $433k in 2022.

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

Iceland-San Marino Trade: In 2022, Iceland exported $327k to San Marino. The main products that Iceland exported to San Marino were N/A. Over the past 5 years the exports of Iceland to San Marino have increased at an annualized rate of 28.2%, from $94.4k in 2017 to $327k in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $433k in 2022.

In 2016, Iceland exported $327k to San Marino. There were not main exports from Iceland to San Marino in 2016. During the last 5 years the exports of Iceland to San Marino have increased at an annualized rate of 28.2%, from $94.4k in 2021 to $327k in 2016.

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

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

Latest Data

Trade between San Marino () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

San Marino
Top DestinationUnited States$20M

Iceland
Top DestinationNetherlands$1.97B

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

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

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

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

Comparative Advantage San Marino - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, San Marino had a large net trade with Iceland in the exports of Machines ($380k), Metals ($44.7k), and Transportation ($7.15k).

During 2016, Iceland had a large net trade with San Marino in the exports of .

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 Iceland. This means that a dot/product with the flag of San Marino indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over San Marino.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between San Marino () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage San Marino - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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