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San Marino Trade Balance

External balance on goods and services  NE.RSB.GNFS.CD

$718.1M +$89.6M (+14.2%)
Year 2025 Rank #67 Global Peak $718.1M (2025) Source World Bank

San Marino Trade Balance (2015–2025)

Overview

San Marino's trade balance stood at $718.1M in 2025, a rise of +$89.6M from 2023. Based on recent trends, this figure is projected to reach $718.1M by 2025. San Marino ranked 67th globally.

Data & projection

Year Trade Balance YoY change Rank
2026* trend $784.4M - -
2025* trend $718.1M - -
2025 $718.1M +$89.6M #67
2023 $628.6M +$182.5M #107
2022 $446.1M −$39.3M #123
2021 $485.4M +$114.7M #111
2020 $370.7M +$35.7M #118
2019 $335.1M −$57.4M #115
2018 $392.4M +$30.0M #120
2017 $362.4M −$19.2M #117
2016 $381.6M −$9.3M #122
2015 $390.9M #129
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +22.1% GDP growth 13.9% C/A balance 5.4%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

San Marino matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →

Frequently Asked Questions

What is San Marino's trade balance?

San Marino's trade balance was $718.1M in 2025. Ranked 67th globally. This represents a 14.2% increase from the previous year.

What was the highest trade balance in San Marino?

San Marino's trade balance peaked at $718.1M in 2025.

What was the lowest trade balance in San Marino?

The lowest trade balance in San Marino was $335.1M in 2019.

How does San Marino rank in trade balance?

San Marino ranks 67th globally in trade balance as of 2025.

What is the World Bank indicator code for trade balance?

The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.

What is the projected trade balance of San Marino in 2025?

San Marino's trade balance is projected to reach $718.1M by 2025 based on trend extrapolation.

What is San Marino's trade balance in million?

San Marino's trade balance was approximately 718.15 million ($718.1M) in 2025.

What is the trade balance of San Marino in 2025?

The trade balance of San Marino in 2025 was $718.1M. This ranks 67th in the world.

Cite this page

APA
San Marino Trade Balance. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/san-marino/trade-balance
BibTeX
@misc{historysaid_san-marino_trade-balance, title = {San Marino Trade Balance}, url = {https://historysaid.com/san-marino/trade-balance}, publisher = {HistorySaid}, year = {2026} }