Trade balance — all countries

Trade balance — San Marino

Trade balance in San Marino in 2023 — 628,489,877 US$. Ranked 65 in the world out of 175. Since 2015, the indicator has risen by 60.8%.

2023 628M US$ +40.69% vs 2022
World rank 65of 175
Period maximum 628M US$2023
Period minimum 335M US$2019

Trend over time

2015–2023 · US$

Trade balance — San Marino, 2015–2023300M400M500M600M700M2015201620172018201920202021202220232015: 390,922,000 US$2016: 381,625,879 US$2017: 362,390,764 US$2018: 392,435,553 US$2019: 335,040,026 US$2020: 371,568,958 US$2021: 485,341,626 US$2022: 446,726,821 US$2023: 628,489,877 US$
Change over the period: +238M (+60.77%) Average annual rate: 6.11 %

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: San Marino

San Marino 628M US$
World computed 705B US$
Europe & Central Asia computed 827B US$
Southern Europe computed 82.81B US$
High-income countries computed 573B US$
Trade balance — San Marino, by year San Marino All countries CSV XLSX
Year US$ Change Change, %
2023 628M +182M +40.69%
2022 447M −38.61M −7.96%
2021 485M +114M +30.62%
2020 372M +36.53M +10.9%
2019 335M −57.4M −14.63%
2018 392M +30.04M +8.29%
2017 362M −19.24M −5.04%
2016 382M −9.3M −2.38%
2015 391M

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

Source: World Development Indicators (World Bank), license CC BY 4.0.