top of page

San Marino

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

david-whipple-mU-wz7JlJMc-unsplash_Ravid.jpg
Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
0
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.08
0.03
0.05

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of today, Sunday, April 20, 2025, the tariff situation for San Marino remains as it was in the immediate aftermath of the U.S.'s recent tariff updates: United States Tariffs on Goods from San Marino: San Marino is included in the list of nearly 200 countries subject to a baseline tariff of 10% on all goods imported into the United States. This tariff took effect on April 5, 2025.   Notably, San Marino was not among the approximately 60 countries identified by the U.S. for higher "reciprocal tariffs" based on trade imbalances. Therefore, the 90-day pause on these higher tariffs, which began on April 9, 2025, does not directly impact San Marino, as it was already in the lowest tariff bracket.   Key Takeaways for San Marino: Favorable Position: San Marino benefits from the minimum 10% tariff rate applied by the U.S., which is significantly lower than the tariffs imposed on major trading partners like the European Union (20%) and China (145%).   Potential Competitive Advantage: This lower tariff rate could offer a competitive edge to Sammarinese businesses exporting to the U.S. market compared to companies from countries facing higher tariffs.   Focus on EU Ties: Despite this favorable U.S. tariff, San Marino's primary trade relationships remain with Italy and the European Union, with which it has a customs union. The health of the EU economy will still significantly impact San Marino's overall trade.   Monitoring Developments: The government and businesses in San Marino are closely monitoring the evolving global trade landscape and the potential for further changes in U.S. trade policy. San Marino-EU Trade Relationship: San Marino has a customs union with the European Union since 1991, eliminating tariffs and non-tariff barriers for most goods traded between them.   San Marino also uses the Euro as its currency.   Negotiations for a deeper Association Agreement with the EU are ongoing, aiming for greater integration into the EU's single market. In conclusion, the most recent tariff update indicates that San Marino currently faces a 10% tariff on its exports to the United States, placing it in a relatively advantageous position compared to many other nations. However, its strong economic ties with the EU remain central to its trade strategy.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the US from San Marino by value are: Machinery, nuclear reactors, boilers ($14.85 Million) Commodities not specified according to kind ($2.98 Million) Aluminum ($2.28 Million) Ceramic products ($1.48 Million) Furniture, lighting signs, prefabricated buildings ($946.71 Thousand) Here's a look at which states in the US have manufacturing capabilities in these sectors, along with examples of companies: Machinery, Nuclear Reactors, Boilers: This is a broad category, but several states have strong manufacturing in various types of industrial and specialized machinery: Illinois: Caterpillar Inc. (heavy machinery, with headquarters in Irving, Texas, but significant operations and manufacturing in Illinois). Wisconsin: Rexnord Corporation (industrial components, Milwaukee).   Ohio: Lincoln Electric (welding products, Cleveland).   Michigan: While known for vehicles, it also has manufacturers of industrial machinery and robotics like FANUC America Corporation (Auburn Hills). Texas: Flowserve Corp. (pumps, valves, seals, Irving).   Aluminum: States with significant aluminum production include: Kentucky: Century Aluminum Company (Hawesville). Washington: Alcoa Corporation (though with a global presence, has operations in Washington).   Indiana: JW Aluminum (Mount Holly). Ceramic Products: This sector includes a wide range of items, from tiles to technical ceramics: Ohio: American Standard Brands (plumbing fixtures, though headquarters are in New Jersey, they have Ohio manufacturing). Tennessee: Florim USA (ceramic tiles, Clarksville). South Carolina: Crossville Inc. (ceramic tiles). Furniture, Lighting Signs, Prefabricated Buildings: North Carolina: A major hub for furniture manufacturing, with companies like Ashley Furniture Industries (though headquartered in Wisconsin, has significant NC operations) and La-Z-Boy (though headquartered in Michigan, has NC plants). Michigan: Herman Miller (office furniture, Zeeland).   Indiana: Forest River Inc. (prefabricated buildings, RVs, and more, Elkhart). Pennsylvania: Armstrong World Industries (ceiling and wall solutions, Lancaster).   It's important to note that this is not an exhaustive list and specific products imported from San Marino within these categories might have more specialized manufacturers in other states as well. The US has a diverse and extensive manufacturing base, capable of producing a wide array of goods that may overlap with imports from countries like San Marino, even if the specific niche or design differs.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

​

Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

​

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

theboardiQ Logo

Economic
Relevance
Ranking

Get Great Talent. Subscribe.

Thanks for subscribing!

Info@theboardiq.com

265 Garnet Dr 

Livermore, CA 94550

  • Youtube
  • LinkedIn
  • X
  • Facebook
bottom of page