flag Andorra Andorra: Trade Profile

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. According to data from Comtrade, in 2022, the Principality’s main exports were paintings (54.7%), discs, tapes, etc. (10.0%), motor cars and other motor vehicles (6.6%), and orthopedic appliances (4%); whereas imports were led by motor cars and other motor vehicles (9.2%), petroleum oils (7.5%), electrical energy (4.1%), and beauty or makeup preparations (2.3%).

The main destinations for Andorra’s exports in 2022 were Spain (78.3%), France (6.2%), United Kingdom (3.2%), Germany (1.5%), and Norway (1.2%), with imports coming chiefly from Spain (66.1%), France (11.5%), Germany (5.0%), China (3.0%), and Italy (2.8% - data Comtrade).

Regarding international trade in goods, the statistics department has issued its annual report on international trade in goods in 2023, revealing imports exceeding EUR 1.84 billion, up by EUR 70 million from 2022. While most sectors showed positive outcomes, the energy sector experienced a notable downturn of nearly 26%, which, if excluded, would have resulted in an 8% growth. On the export side, transactions amounted to EUR 236 million, a considerable decrease compared to the previous year. However, it's important to note the significant economic impact of the art objects sector in 2022. Adjusting for this, the balance would show a 13.5% surplus. Looking ahead, projections are more conservative, though exports are expected to outpace imports. For 2024, imports are forecasted to grow by 4.9% and exports by 6.6%, while in 2025, both are expected to increase by 4.2%.

 
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: April 2024

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