Flag Andorra

Product Exports (2018): $164M, Rank 180 of 222

Exports Per Capita (2018): $2.14k, Rank 80 of 219

Product Imports (2018): $1.6B, Rank 161 of 221

Imports Per Capita (2018): $20.8k, Rank 57 of 219

GDP (2018): $3.24B, CURRENT US$
Rank 163 of 196

GDP growth (2008 - 2018): -19.2%, CURRENT US$
Rank 190 of 196

GDP PC (2018): $42,030, CURRENT US$
Rank 23 of 196

GDP PC GROWTH (2008 - 2018): -12%, CURRENT US$
Rank 171 of 196

Overview: This page contains the latest international trade data for Andorra. In 2018 Andorra was the number 163 economy in the world in terms of GDP (current US$), the number 180 in total exports, and the number 161 in total imports. In 2018, Andorra exported $164M and imported $1.6B, resulting in a negative trade balance of -$1.44B. In 2018, Andorra's exports per capita were $2.14k and its imports per capita were $20.8k.

Trade: The top exports of Andorra are Integrated Circuits ($23.7M), Cars ($16.4M), Essential Oils ($14.3M), Orthopedic Appliances ($12.1M), and Gold ($3.85M). The top imports of Andorra are Cars ($151M), Refined Petroleum ($102M), Perfumes ($47.7M), Shaving Products ($41.2M), and Hard Liquor ($38.3M).

Destinations: Andorra exports mostly to Spain ($84.3M), France ($24.8M), United States ($15.7M), Norway ($5.71M), and Austria ($3.72M), and imports mostly from Spain ($1.03B), France ($195M), Italy ($58M), China ($56.5M), and Germany ($56.2M).

Location: Andorra borders France and Spain by land.

Yearly Exports

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Top Export (2018): Integrated Circuits, $23.7M

Top Destination (2018): Spain, $84.3M

In 2018 Andorra exported a total of $164M, making it the number 180 exporter in the world. During the last five reported years the exports of Andorra have changed by -$153M from $318M in 2013 to $164M in 2018.

The most recent exports are led by Integrated Circuits ($23.7M), Cars ($16.4M), Essential Oils ($14.3M), Orthopedic Appliances ($12.1M), and Gold ($3.85M). The most common destination for the exports of Andorra are Spain ($84.3M), France ($24.8M), United States ($15.7M), Norway ($5.71M), and Austria ($3.72M).

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Yearly Imports

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Top Import (2018): Cars, $151M

Top Origin (2018): Spain, $1.03B

In 2018 Andorra imported $1.6B, making it the number 161 trade destination in the world. During the last five reported years the imports of Andorra changed by $76.7M from $1.52B in 2013 to $1.6B in 2018.

The most recent imports of Andorra are led by Cars ($151M), Refined Petroleum ($102M), Perfumes ($47.7M), Shaving Products ($41.2M), and Hard Liquor ($38.3M). The most common import partners for Andorra are Spain ($1.03B), France ($195M), Italy ($58M), China ($56.5M), and Germany ($56.2M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for Andorra. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Andorra has a high level of specialization in Essential Oils (257), Cigarette Paper (185), Newspapers (27.1), Wood Crates (26.7), and Used Clothing (25.2). 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 Prepared unrecorded sound recording media (non-photo) (1.47), Electronic integrated circuits and microassemblies (1.33), Parts and accessories for musical instruments (1.27), Weighing machinery except balances sensitivity > 50 mg (1.16), and Parts, accessories, except covers, for office machines (1.14). 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 Trunks and Cases (0.14), Fake Hair (0.14), Live Fish (0.14), Hard Liquor (0.14), and Other Women's Undergarments (0.14). 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 it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.