Andorra
Compare Andorra →AD · AND · BACI 20 · latest data 2024
Exports
= $110 M35.4% over 5 yrs (down)
Imports
= $1,870 M21.2% over 5 yrs (up)
Trade balancedeficit
= −$1,760 M
Total trade
= $1,981 M15.5% over 5 yrs (up)
- World position
- #188 of 225 exporters · bottom half · #166 of 225 importers · bottom half · 2024
- World export share since 1995
- ±0.0 pp
Trade timeline
Andorra's exports grew from $60M in 1995 to $110M in 2024; the 2024 balance was −$1.8B.
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| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 1995 | $60 M | $1,066 M | −$1,006 M | $1,126 M |
| 1996 | $58 M | $1,100 M | −$1,041 M | $1,158 M |
| 1997 | $59 M | $1,108 M | −$1,049 M | $1,167 M |
| 1998 | $71 M | $1,110 M | −$1,039 M | $1,181 M |
| 1999 | $61 M | $1,107 M | −$1,046 M | $1,169 M |
| 2000 | $55 M | $1,046 M | −$991 M | $1,102 M |
| 2001 | $92 M | $1,077 M | −$986 M | $1,169 M |
| 2002 | $75 M | $1,230 M | −$1,155 M | $1,306 M |
| 2003 | $110 M | $1,540 M | −$1,430 M | $1,650 M |
| 2004 | $148 M | $1,796 M | −$1,648 M | $1,944 M |
| 2005 | $182 M | $1,744 M | −$1,562 M | $1,926 M |
| 2006 | $206 M | $1,794 M | −$1,588 M | $2,000 M |
| 2007 | $182 M | $1,946 M | −$1,764 M | $2,128 M |
| 2008 | $192 M | $1,984 M | −$1,791 M | $2,176 M |
| 2009 | $196 M | $1,745 M | −$1,548 M | $1,941 M |
| 2010 | $297 M | $1,807 M | −$1,510 M | $2,104 M |
| 2011 | $490 M | $1,666 M | −$1,176 M | $2,156 M |
| 2012 | $306 M | $1,514 M | −$1,208 M | $1,820 M |
| 2013 | $347 M | $1,514 M | −$1,167 M | $1,861 M |
| 2014 | $431 M | $1,676 M | −$1,245 M | $2,107 M |
| 2015 | $121 M | $1,367 M | −$1,246 M | $1,487 M |
| 2016 | $150 M | $1,389 M | −$1,239 M | $1,539 M |
| 2017 | $161 M | $1,510 M | −$1,350 M | $1,671 M |
| 2018 | $161 M | $1,620 M | −$1,458 M | $1,781 M |
| 2019 | $171 M | $1,543 M | −$1,372 M | $1,714 M |
| 2020 | $189 M | $1,498 M | −$1,309 M | $1,687 M |
| 2021 | $184 M | $1,567 M | −$1,383 M | $1,751 M |
| 2022 | $398 M | $1,842 M | −$1,444 M | $2,240 M |
| 2023 | $253 M | $1,964 M | −$1,711 M | $2,217 M |
| 2024 | $110 M | $1,870 M | −$1,760 M | $1,981 M |
Trading partners
Spain was Andorra's top trading partner in 2024, at 69.9% of total trade; the top five partners covered 92.3%.
- Top partner share
- 69.9%
- Top-5 share
- 92.3%
- Partners
- 106
- Partner HHI (0–1)
- 0.514
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| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | Spain | $39 M | $1,345 M | $1,384 M | −$1,306 M |
| #2 | France | $7 M | $298 M | $305 M | −$291 M |
| #3 | Germany | $3 M | $82 M | $84 M | −$79 M |
| #4 | Italy | $1 M | $29 M | $30 M | −$29 M |
| #5 | Netherlands | $2 M | $23 M | $25 M | −$20 M |
| #6 | United Kingdom | $12 M | $7 M | $19 M | $5 M |
| #7 | Belgium | $3 M | $15 M | $18 M | −$12 M |
| #8 | Switzerland | $5 M | $6 M | $11 M | −$2 M |
| #9 | China | $0 M | $11 M | $11 M | −$11 M |
| #10 | Portugal | $0 M | $10 M | $10 M | −$10 M |
| #11 | Austria | $1 M | $8 M | $9 M | −$7 M |
| #12 | Poland | $0 M | $8 M | $9 M | −$8 M |
| #13 | United States | $3 M | $5 M | $8 M | −$2 M |
| #14 | El Salvador | $6 M | $0 M | $6 M | $6 M |
| #15 | Sweden | $0 M | $5 M | $6 M | −$5 M |
Products & sectors
Product composition of Andorra's trade in 2024.
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The product table loads with the product data for 2024.
Concentration & risk
Andorra's export partners diversified over 1995–2024 — HHI 0.296 → 0.152, a moderately concentrated export base across 103 partners in 2024.
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| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 1995 | 0.296 | 0.259 | 41 | 94 |
| 1996 | 0.274 | 0.259 | 43 | 105 |
| 1997 | 0.284 | 0.255 | 49 | 99 |
| 1998 | 0.254 | 0.273 | 59 | 117 |
| 1999 | 0.254 | 0.284 | 71 | 106 |
| 2000 | 0.307 | 0.304 | 85 | 139 |
| 2001 | 0.186 | 0.305 | 93 | 128 |
| 2002 | 0.284 | 0.311 | 108 | 129 |
| 2003 | 0.266 | 0.313 | 108 | 132 |
| 2004 | 0.262 | 0.318 | 110 | 133 |
| 2005 | 0.267 | 0.489 | 123 | 79 |
| 2006 | 0.312 | 0.366 | 123 | 130 |
| 2007 | 0.271 | 0.374 | 127 | 137 |
| 2008 | 0.282 | 0.360 | 127 | 135 |
| 2009 | 0.284 | 0.335 | 135 | 144 |
| 2010 | 0.423 | 0.305 | 148 | 130 |
| 2011 | 0.508 | 0.373 | 146 | 135 |
| 2012 | 0.314 | 0.355 | 141 | 128 |
| 2013 | 0.407 | 0.406 | 149 | 136 |
| 2014 | 0.466 | 0.357 | 160 | 135 |
| 2015 | 0.187 | 0.393 | 156 | 132 |
| 2016 | 0.149 | 0.422 | 162 | 139 |
| 2017 | 0.192 | 0.415 | 154 | 145 |
| 2018 | 0.275 | 0.429 | 161 | 139 |
| 2019 | 0.278 | 0.435 | 148 | 142 |
| 2020 | 0.362 | 0.535 | 157 | 146 |
| 2021 | 0.233 | 0.439 | 158 | 143 |
| 2022 | 0.544 | 0.457 | 153 | 136 |
| 2023 | 0.213 | 0.440 | 144 | 145 |
| 2024 | 0.152 | 0.545 | 103 | 65 |
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