flag Andorra Andorra: Perfil de comércio

Foreign Trade in Figures

Due to its small size and limited resources, Andorra is extremely open to international trade. Although Andorra is not a member of the European Union, the principality is treated as an EU member in regards to trade of manufactured goods (no customs duties), but not for agricultural products. Andorra’s partnership with the European Union is regulated by a commercial treaty, which was signed on 28 June 1990, establishing a Customs Union for industrial products and outlining special provisions for agricultural commodities. The treaty has turned Andorra into an important international hub for the retail industry and attracts millions of shoppers from all over Europe. From a sectoral perspective, in 2021 the degree of concentration of Andorran imports remained high. The four sector groups with the greatest historical relevance (food products, transport equipment, machinery and electrical equipment, and chemical industry products) accounted for 53.1% of Andorran imports, which shows the high concentration that characterizes the principality’s imports. On the other hand, exports traditionally concentrate on three main sectors (machinery and electrical equipment, transport equipment, and optical, photographic and precision equipment), which together accounted for 60.5% of total exports in 2021, a significantly high percentage.

According to the latest available data from the National Department of Statistics, the main destinations for Andorra’s exports in 2021 were Spain, France and the United Kingdom, accounting for respectively 52.9%, 14.5% and 5.6% of total exports; with imports coming chiefly from Spain (65%), France (10.7%), Germany (5.4%), and Italy (3.8%). Overall, the EU accounted for 75.9% of total exports and 88.9% of imports.

In 2021, total Andorran goods imports grew by 1.0% and exports declined by 1.8%. The coverage rate (exports/imports) stood at 10.6%, the highest level in the historical series if the atypical data from 2020 is not taken into account. In the same year, Andorra exported goods worth EUR 140.8 million, whereas imports stood at EUR 1.3 billion, resulting in a negative trade balance of EUR 1.18 billion (National Department of Statistics).

 
Foreign Trade Indicators 20182019202020212022
Exports of Goods (million USD) 1290000
Trade Balance (million USD) n/a-1,344-1,053-1,327n/a

Source: World Bank - Latest available data.

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Main Partner Countries

Main Customers
(% of Exports)
2022
Spain 78.3%
France 6.2%
United Kingdom 3.2%
Germany 1.5%
Norway 1.2%
See More Countries 9.7%
Main Suppliers
(% of Imports)
2022
Spain 66.1%
France 11.5%
Germany 5.0%
China 3.0%
Italy 2.8%
See More Countries 11.6%

Source: Comtrade, Latest Available Data

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Main Products

0.4 bn USD of products exported in 2022
Paintings, e.g. oil paintings, watercolours and...Paintings, e.g. oil paintings, watercolours and pastels, and drawings executed entirely by hand (excl. technical drawings and the like of heading 4906, and hand-painted or hand-decorated manufactured articles); collages and similar decorative plaques 54.7%
Discs, tapes, solid-state non-volatile storage...Discs, tapes, solid-state non-volatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, incl. matrices and masters for the production of discs (excl. products of chapter 37) 10.0%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 6.6%
Orthopaedic appliances, incl. crutches, surgical...Orthopaedic appliances, incl. crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other appliances which are worn or carried, or implanted in the body, to compensate for a defect or disability 4.0%
Cigarette paper, whether or not cut to size or in...Cigarette paper, whether or not cut to size or in the form of booklets or tubes 2.1%
See More Products 22.6%
1.9 bn USD of products imported in 2022
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 9.2%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 7.5%
Electrical energyElectrical energy 4.1%
Beauty or make-up preparations and preparations...Beauty or make-up preparations and preparations for the care of the skin, incl. sunscreen or suntan preparations (excl. medicaments); manicure or pedicure preparations 2.3%
Perfumes and toilet waters (excl. aftershave...Perfumes and toilet waters (excl. aftershave lotions, personal deodorants and hair lotions) 2.2%
See More Products 74.7%

Source: Comtrade, Latest Available Data

 

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

To go further, check out our service Import Export Flows

 
 

Main Services

Source: United Nations Statistics Division, Latest Available Data

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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 Council of Europe

Member of Organization for Security and Cooperation in Europe (OSCE)

Member of EU Customs Union

Useful Resources
Andorra Customs
National Organisation of Intellectual Property
The Trademarks Office of the Principality of Andorra.
 
 
 

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Latest Update: November 2023