flag San Marino San Marino: Trade Profile

Foreign Trade in Figures

San Marino almost exclusively trades with Italy and is therefore linked to the changes in the Italian economy. Its landlocked status results in a high cost of transportation, which acts as a considerable trade barrier. The washing and bottling industries have the highest share of exports, followed by other edible preparations and packaged medicine. Electricity and gas are traditionally the largest items of imports.

San Marino exports mostly to Italy, Romania, France, the United States, Russia and Germany; whereas imports come chiefly from Germany, Austria, Italy, Poland and France (data OEC). Since 1991, commercial relations between the EU and San Marino are governed by the agreement on cooperation and customs union, which eliminates all tariffs and non-tariff measures for almost all goods (except coal and steel).

According to OEC, in 2020, San Marino exported a total of USD 157 million, making it the number 181 exporter in the world. In the same year, San Marino imported USD 278 million, making it the number 195 trade destination in the world. In 2021, EU-27 exported EUR 301 million worth of goods to San Marino, mainly textiles (17.2%), mineral products (15.1%), base metals (10.8%), and transport equipment (10.4%). On the other hand, imports amounted to EUR 89 million and mainly concerned machinery (51.1%), textiles (13.7%), and foodstuff (8.9%).

 
Foreign Trade Indicators 20152016201720182019
Imports of Goods and Services (Annual % Change) n/a3-013
Exports of Goods and Services (Annual % Change) n/a2-111
Foreign Trade (in % of GDP) 321320314309307
Imports of Goods and Services (in % of GDP) 147147145143143
Exports of Goods and Services (in % of GDP) 174173169167164

Source: World Bank - Latest available data.

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To go further, check out our service Import controls and Export controls

To go further, check out our service Import Export Flows

 

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List of tariffs and local taxes that apply to your product on our service Customs duties

 

Trade Compliance

International Economic Cooperation
Member of Microstates and the European Union

Member of European Union’s Customs Union

Useful Resources
National Organisation of Intellectual Property
You can contact the State Office for Patents and Trademarks by Email.
 
 
 

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Latest Update: September 2022

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