Page 61 - economic report 2021

can be explained by both rising oil prices and There was a major increase in imports
the recovery in construction, which drove of minerals due to rising oil prices and
purchases of salt, sulphur, earth and stone,
plastering materials, lime and cement (35.1%). the recovery in construct on.
The next group is textiles which, with 6.6% of
the total, increased 11.8% due to the recovery in private consumption. Then, the branch of live
animals and animal products, with 4.7%, a variation of 3.8% in 2021, mostly explained by the rise
in imports of meat and edible offal and fish. Finally, the branch of base metals and articles thereof,
with 4.4%, saw an increase of 56.5% compared with 2020.

The other groups of products have percentages of less than 4% of total foreign purchases and
have generally seen positive trends, except the group of vegetable products, which shrank 2.1%,
and the group of works of art and antiques, which shrank 98.7% (contrasting with the 778.7%
increase in the previous year).

3.2. Exports

In 2021, Andorran exports shrank 1.8%, with an even trend according to sector. Of the 22 branches,
exports shrank in 7 and increased in the other 15. The most important positive contributions were
in the group of transport material (9.3 points) and pearls, precious stones and metals (2.7 points).
Much further behind these branches were the positive contributions from the groups of optical
and photographic products (1.8 points), paper and graphic arts (1.6 points), metals (1.3 points),
chemical products (1.3 points) and footwear, headwear and umbrellas (1 point). The other sectors
made a positive or negative contribution of less than one point, except the branch of works of art 59
and antiques, which made a negative contribution of 21 points due to the major increase in the
previous year. Note that in this year, practically all the sectors increased their percentage of the
total due to the major decrease in the group of
In 2021, exports of machinery and works of art and antiques, the opposite of what
electrical equipment are st ll 25% of the occurred in 2020.
total, despite falling slightly. The largest export group is still, since 2003,

machinery and electrical equipment. Its
percentage of the total is 24.6%, due to a
ANDORRA’S MAIN EXPORT SECTORS. 1.7% reduction since 2020, similar to that of
2021 - Interannual variation rate (%) Chart 7.9 exports as a whole. By chapters, this trend can
be explained by the fact that the increase in
exports of electrical machinery and equipment
(4.7%) – the largest chapter in the group, with
almost 20% of total foreign sales – did not
offset the decline in foreign sales of mechanical
apparatus (-21.8%), which represent 4.7% of
total exports.

Second in the exports ranks is the branch of The Andorran economy: general developments | VII. The foreign sector
transport material, which saw an increase of
67.2% in 2021. This strong increase led to this
branch’s percentage of the total rising from
13.8% in 2020 to 23.6% in 2021. The chapter
that determines this positive trend is motor
vehicles, which represents 23.3% of total
Source: Department of Tax and Front ers.
exports and saw an increase of 67.1%.