Key Indicators
Overview
Andorra: Strategic Advantages and Challenges in Trade
Nestled in the Pyrenees mountains between Spain and France, Andorra is renowned for its picturesque landscapes and favorable tax policies. Despite its small size and population, Andorra has cultivated a niche economy centered around tourism and retail, bolstered by its duty-free status. In 2024, it ranked 73 among the higher-income economies globally.
Positives:
1. Geographical Location: Andorra's location provides a gateway between Spain and France, facilitating trade flows and tourism from both countries.
2. Tourism Infrastructure: The country's well-developed tourism infrastructure, including ski resorts and shopping outlets, attracts visitors year-round, contributing significantly to its economy.
3. Tax Benefits: Andorra's tax-friendly policies attract foreign investment and support a thriving retail sector, bolstering economic activity.
Negatives:
1. Limited Diversification: Dependency on tourism and retail exposes Andorra's economy to fluctuations in visitor numbers and consumer spending trends.
2. Landlocked Constraints: Being landlocked limits direct access to maritime trade routes, potentially increasing transportation costs for imports and exports.
3. Economic Vulnerability: Reliance on neighboring economies for trade and employment poses risks during economic downturns or policy changes in Spain and France.
Andorra import export data, including buyer and supplier names, is available on the Volza Platform.
Exports:
In August 2023, Andorra ranked 70th in global exports. Exports totaled 0 billion, which is a 100% increase from August 2022.
On a TTM basis from August 2022 to August 2023, Andorra's rank was 70, with exports of 0 billion, indicating a 100% growth from the previous year.
In 2023, exports reached 0 billion, showing a 100% YOY growth from 2022. Spain, Other Europe, nes, France, Areas, nes, United Kingdom, United Arab Emirates, Norway, China, H were the main export destinations. Products exported were Art and Antiques, Electrical machinery and equipment, Vehicles and Parts.
Buyers included SC ROUMASPORT SRL CONTRACTOR DECATHLON SPORTS IREL, SC ROUMASPORT SRLDECATHLON LOGISTICA, and HUMAX AUTOMOTIVE YONGIN CO LTD.
Imports:
In July 2023, Andorra ranked 67th in global imports, with imports valued at 1 billion, representing a 100% growth from 2022.
From July 2022 to July 2023, the country's imports amounted to 1 billion, showing a 100% growth from the preceding year.
In 2023, imports totaled 1 billion, marking a 100% YOY growth from 2022. Sources of these imports were Spain, France, Germany, Italy, China, Switzerland, United Kingdom, Netherlands, Portugal, Other Asia. Imported products were Vehicles and Parts, Mineral fuels and oils, Electrical machinery and equipment. Suppliers were NT ELGIN INC, CORI S A U, and AMITRON CORPORATION.
Import Factsheet
Data Source- Detailed Mirror
Data Coverage- 40%
Last Shipment- 22, Aug, 2024
Update Frequency- Monthly
- not visible
Export Factsheet
- Data Source
- Detailed Mirror
- Data Coverage
- 40%
- Last Shipment
- 22, Aug, 2024
- Update Frequency
- Monthly
- no visible
Import Export Data
Trading Partners
Top Trading Partners of Andorra
Import Trade Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
ALCOHOLIC BEVERAGES-5-Shot Whisky in PetBottle - 90 ml 96 Pet Bottles of 90 ml each per case |   India | 21-Mar-2024 | |
ALCOHOLIC BEVERAGES-5-Shot Whisky in PetBottle - 750 ml 12 Pet Bottles of 750ml each per case | India | 21-Mar-2024 | |
ALCOHOLIC BEVERAGES-5-Shot Rum in Pet Bottle - 90 ml 96 Pet Bottles of 90 ml each per case | India | 21-Mar-2024 | |
ALCOHOLIC BEVERAGES-5-Shot Rum in Pet Bottle - 180 ml 48 Pet Bottles of 180 mleach per case | India | 21-Mar-2024 | |
ALCOHOLIC BEVERAGES-5-Shot Rum in Pet Bottle - 750 ml 12 Pet Bottles of 750 mleach per case | India | 21-Mar-2024 | |
ALCOHOLIC BEVERAGES-5-Shot Whisky in PetBottle - 180 ml 48 Pet Bottles of 180ml each per case | India | 21-Mar-2024 |
Export Trade Data
Product | Exporters | Buyers | Arrival Date |
|---|---|---|---|
POST _R | Turkey | Turkey | 01-Apr-2024 |
SMART CARD
(SINGLE CHIP BANK CARDS )
(SMART CART ) | Turkey | Turkey | 01-Apr-2024 |
PRESSURE COOKERS | Malawi | Malawi | 30-Mar-2024 |
ELECTRICAL GOODS - OTHER STATIC CONVERTERS NOT SPECIFIED | Nigeria | Nigeria | 25-Mar-2024 |
USED TOYOTA COROLLA
2T1BURHE5FC365712 - USED VEHICLES , WITH DIESEL OR SEMIDIESEL ENGINE , OF CYLINDER CAPACITY >2500CC | Nigeria | Nigeria | 25-Mar-2024 |
ELECTRICAL GOODS - OTHER STATIC CONVERTERS NOT SPECIFIED | Nigeria | Nigeria | 25-Mar-2024 |