Page 58 - economic report 2021

IMPORTS FROM ANDORRA’S NEIGHBOURING EXPORTS TO ANDORRA’S NEIGHBOURING
COUNTRIES - Percentage of total (%) Chart 7.5 COUNTRIES - Percentage of total (%) Chart 7.6

Spain France Spain France

Source: Department of Tax and Front ers. Source: Department of Tax and Front ers.

borders of Andorra represent 67.4% of exports, but in 2021, the balance between the two main
partners tipped towards France, although the gap with Spain is still very wide, contrasting with
the similar shares that both countries had in the early nineties.

Exports to Andorra’s three next most important partners in the EU-27 (Netherlands, Germany
and Italy) also saw a very positive trend. The Netherlands saw the greatest growth, by 73.2%,
making the country the third market within the EU with 2.5% of the total. Germany, with a 6.2%
increase in exports, increased its percentage to 2%, and finally Italy, with a 17.5% increase in
2021, reached 1.1%.
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Inside the European continent but outside the European Union is notably the United Kingdom,
which saw an extraordinary increase in 2021 (Andorran exports to this country multiplied by
11), so it raised its share of the total from 0.5% in 2020 to 5.6% in 2021 and took third place in
Andorra’s global export ranks, after Spain and France. For their part, exports to Norway shrank
23.6% and its share fell to 2.2%. The percentages of the other European countries are less than
1% and therefore their contribution is insignificant.

Outside the European continent, the increase in exports to the American continent is notable
The Andorran economy: general developments | VII. The foreign sector
(24.5%). This increase can mainly be explained by the positive contribution from sales to the

Chart 7.7
ANDORRAN EXPORTS TO ASIA - Thousands of euros

United Arab Emirates Hong Kong China Rest of Asia
Source: Department of Tax and Front ers.