flag Andorra Andorra: Trade Profile

Foreign Trade in Figures

Andorra is very open to international trade. Manufacturing output and exports consist mainly of electronic integrated circuits and microassemblies, motor cars and vehicles, orthopedic appliances and automatic data processing machines. Motor cars and other motor vehicles are the main item of imports, followed by petroleum products, perfumes and alcoholic beverages. 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 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%).

In 2021, 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 2017201820192020
Exports of Goods (million USD) 42129126117

Source: World Bank - Latest available data.

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Main Partner Countries

Main Customers
(% of Exports)
2018
Spain 61.7%
France 18.3%
Norway 3.7%
Austria 2.3%
Hong Kong SAR, China 2.0%
See More Countries 12.1%
Main Suppliers
(% of Imports)
2018
Spain 64.2%
France 13.2%
China 3.6%
Italy 3.6%
Germany 3.4%
See More Countries 11.9%

Source: Comtrade, Latest Available Data

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Main Products

0.1 bn USD of products exported in 2018
Prepared unrecorded media for sound recording or...Prepared unrecorded media for sound recording or similar recording of other phenomena (excl. products of chapter 37) 16.0%
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) 12.5%
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 9.4%
Automatic data processing machines and units...Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s. 3.3%
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 2.9%
See More Products 55.9%
1.6 bn USD of products imported in 2018
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) 9.4%
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 6.4%
Perfumes and toilet waters (excl. aftershave...Perfumes and toilet waters (excl. aftershave lotions, personal deodorants and hair lotions) 3.0%
Shaving preparations, incl. pre-shave and...Shaving preparations, incl. pre-shave and after-shave products, personal deodorants, bath and shower preparations, depilatories and other perfumery, toilet or cosmetic preparations, n.e.s.; prepared room deodorizers, whether or not perfumed or having disinfectant properties 2.6%
Undenatured ethyl alcohol of an alcoholic strength...Undenatured ethyl alcohol of an alcoholic strength by volume of < 80%; spirits, liqueurs and other spirituous beverages (excl. compound alcoholic preparations of a kind used for the manufacture of beverages) 2.5%
See More Products 76.2%

Source: Comtrade, Latest Available Data

 

To go further, check out our service Import Export Flows

 

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Commercial Policy

International Economic Cooperation
Member of Council of Europe

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

Member of EU Customs Union

Assessment of Commercial Policy
Andorra and WTO
Average Customs Duty (Excluding Agricultural Products)
0%
 
 

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: May 2022