Page 57 - economic report 2021

Table 7.1
FOREIGN TRADE BY GEOGRAPHICAL AREAS

IMPORTS EXPORTS
M euros % var. % total M euros % var. % total
2021 2021/20 2021 2021 2021/20 2021
Spain 860.4 -9.5 65.0 74.5 -25.9 52.9
France 141.4 15.9 10.7 20.4 43.1 14.5
Germany 71.6 58.7 5.4 2.8 6.2 2.0
Italy 50.8 55.1 3.8 1.6 17.5 1.1
Netherlands 10.7 24.0 0.8 3.5 73.2 2.5
Portugal 10.2 20.3 0.8 0.2 -24.0 0.1
EU-27 1,176.0 -1.5 88.9 106.9 -12.7 75.9
United Kingdom 24.3 71.6 1.8 7.9 1,051.4 5.6
Switzerland 22.0 67.1 1.7 1.0 -19.5 0.7
Europe 1,229.0 0.2 92.9 120.6 -6.4 85.6
USA 12.2 6.1 0.9 4.5 96.9 3.2
America 17.6 14.8 1.3 6.2 24.5 4.4
China 35.9 9.5 2.7 0.3 24.8 0.2
Vietnam 5.5 33.7 0.4 0.0 -97.0 0.0
Asia 66.2 9.7 5.0 3.4 -5.4 2.4
World total 1,323.1 1.0 100.0 140.9 -1.8 100.0

Source: Department of Tax and Front ers.

55
have been substituted by those from Vietnam, Spain’s percentage of the total fell but
Taiwan and Bangladesh, countries that have it is st ll the main supplier to Andorra,
each gone from a concentration of about
0.1% of Andorran purchases before the 2008 with a percentage of 65%.
crisis to representing 0.4% in 2021 (the same
percentage currently held by Japan).

In summary, Spain’s percentage of the total as the main supplier shrank, but it still provides 65%
of the total, while France, Germany and Italy have gained importance. A major decline was also
seen in purchases from the Netherlands, Portugal, the United Kingdom and Switzerland, and
more distant countries such as China, Vietnam, Taiwan and Bangladesh, the Asian continent, or
the USA on the American continent.

2.2. Exports

In 2021, only exports to the American continents and Africa saw a positive trend; exports to the
others shrank, with a notable fall in exports to Europe (-6.4%). However, the European continent
is still the main destination for Andorran exports, with 85.6% of the total. The Andorran economy: general developments | VII. The foreign sector

In 2021, exports to Spain shrank 26%, Sales to Spain, the main consumer of products

while exports to France increased 43%. from Andorra, shrank 25.9% (after the 42%
increase recorded in the previous year). As
a result of this very negative trend, Spain’s
percentage of total exports fell from 70% in 2020 to 52.9% in 2021, interrupting the rising trend
seen since 2017. Exports to France, on the other hand, grew an extraordinary 43.1%, so its
percentage of the total increased from 9.9% to 14.5%. Together, these two countries on the