Last updated in August 2017
Relations between San Marino and Germany are friendly. The German Ambassador to Italy is also accredited to San Marino. San Marino’s Ambassador to Germany operates from San Marino. The country is of particular political significance to Germany on account of its long-standing, sympathetic support for German candidates in elections to various United Nations bodies.
San Marino is also a popular tourist destination for Germans.
San Marino ranks 152nd among Germany’s trading partners in terms of imports and 147th in terms of exports. German imports from San Marino were worth just under 9.05 million euros in 2015, while German exports to San Marino stood at just under 48.8 million euros. This means that Germany’s surplus in bilateral trade with San Marino grew from just under 31.3 million euros in 2014 to around 39.8 million euros. Germany has a customs union with San Marino as a result of agreements between San Marino and the European Union. A tax information exchange agreement (TIEA) between Germany and San Marino has been in force since 23 December 2011. To combat tax evasion, another agreement on tax transparency was signed in Brussels on 8 December 2015. The agreement comes into force in 2017.