Overview In 2020 Andorra was the number 190 economy in the world in terms of total exports and the number 164 in total imports.

Exports The top exports of Andorra are Integrated Circuits ($22M), Gold ($14.6M), Orthopedic Appliances ($9.79M), Cars ($9.51M), and Essential Oils ($3.48M), exporting mostly to Spain ($38M), France ($13.9M), Hong Kong ($10.5M), Germany ($5.44M), and United States ($5.41M).

Imports The top imports of Andorra are Paintings ($318M), Cars ($133M), Refined Petroleum ($53.1M), Packaged Medicaments ($33M), and Broadcasting Equipment ($25.4M), importing mostly from Spain ($1.19B), France ($192M), Germany ($42M), Italy ($22.3M), and Netherlands ($15.4M).

Location Andorra borders France and Spain by land.

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The following section uses the most recent trade data from partners of Andorra.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Integrated Circuits, $22M

Top Destination (2020): Spain, $1.19B

In 2020, Andorra exported a total of $98M, making it the number 190 exporter in the world. During the last five reported years the exports of Andorra have changed by -$27.1M from $125M in 2015 to $98M in 2020.

The most recent exports are led by Integrated Circuits ($22M), Gold ($14.6M), Orthopedic Appliances ($9.79M), Cars ($9.51M), and Essential Oils ($3.48M). The most common destination for the exports of Andorra are Spain ($38M), France ($13.9M), Hong Kong ($10.5M), Germany ($5.44M), and United States ($5.41M).

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Fastest Growing Export Markets (N/A - N/A)

Fastest Growing Import Markets (N/A - N/A)

Economic Complexity

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Most Specialized Products by RCA Index

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Andorra has a high level of specialization in Cigarette Paper (140), Essential Oils (110), Collector's Items (44.6), Wind Instruments (37.2), and Blown Glass (33.5). Specialization is measured using RCA, an index that takes the ratio between Andorra observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Andorra according to the product complexity index (PCI) are Cermets and articles thereof, waste or scrap (2.08), Prepared unrecorded sound recording media (non-photo) (1.85), Machinery for rubber, plastics industry (1.53), Electronic integrated circuits and microassemblies (1.41), and Wind musical instruments nes (brass, wood,bagpipes) (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Andorra according to the relatedness index, are Non-Knit Men's Shirts (0.11), Knit Men's Shirts (0.11), Knit Sweaters (0.11), Non-Knit Men's Suits (0.11), and Knit Women's Suits (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Andorra is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Andorra. These are products that tend to be co-exported with the products that Andorra exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.