01Key Takeaways
- Andorra's exports totaled $252.4 million in 2023, down 34.6% from $386.1 million in 2022, a sharp pullback after an unusually large jump the prior year.
- Spain was the top destination, absorbing 44.0% of exports worth $110.95 million, with an aggregated Other Europe grouping second at 21.9% ($55.36 million).
- France ranked third at 12.5% ($31.64 million), bringing the top three destinations to 78.4% of total export value.
- Vehicles led all export categories at 20.8% of total value ($52.57 million), closely followed by electrical machinery at 20.6% ($51.96 million) and works of art and antiques at 20.2% ($51.00 million).
025-Year Trend
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Value | $125.2M | $166.8M | $164.0M | $386.1M | $252.4M |
03Top Export Markets (2023)
| Rank | Partner | Value | Share |
|---|---|---|---|
| 1 | Spain | $111.0M | 44.0% |
| 2 | Other Europe, nes | $55.4M | 21.9% |
| 3 | France | $31.6M | 12.5% |
| 4 | United Kingdom | $10.3M | 4.1% |
| 5 | United Arab Emirates | $6.6M | 2.6% |
| 6 | Norway | $4.3M | 1.7% |
| 7 | Hong Kong SAR China | $3.7M | 1.5% |
| 8 | Turkey | $3.7M | 1.5% |
| 9 | Italy | $2.6M | 1.0% |
| 10 | Netherlands | $2.4M | 1.0% |
04Top Export Categories (2023)
| Rank | Category | Value | Share |
|---|---|---|---|
| 1 | Vehicles other than Railway or Tramway Rolling-Stock, and parts and accessories thereof | $52.6M | 20.8% |
| 2 | Electrical Machinery and Equipment and parts thereof; Sound Recorders and Reproducers, Television Image and Sound Recorders and Reproducers, and Parts and Accessories of such Articles | $52.0M | 20.6% |
| 3 | Works of Art, Collectors' Pieces and Antiques | $51.0M | 20.2% |
| 4 | Optical, Photographic, Cinematographic, Measuring, Checking, Precision, Medical or Surgical Instruments and Apparatus; Parts and Accessories thereof | $20.4M | 8.1% |
| 5 | Clocks and Watches and parts thereof | $9.6M | 3.8% |
| 6 | Paper and Paperboard; Articles of Paper Pulp, of Paper or of Paperboard | $9.1M | 3.6% |
| 7 | Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts thereof | $8.4M | 3.3% |
| 8 | Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals, Metals Clad with Precious Metal, and Articles thereof; Imitation Jewellery; Coin | $7.3M | 2.9% |
| 9 | Articles of Apparel and Clothing Accessories, not Knitted or Crocheted | $6.0M | 2.4% |
| 10 | Footwear, Gaiters and the like; Parts of such Articles | $3.9M | 1.5% |
05Trade Partner Map
06Analysis
Andorra's Top Export Destinations in 2023
Andorra exported $252.4 million worth of goods in 2023, the latest year with verified trade data in this dataset. That total marks a decline of 34.6% from the $386.1 million recorded in 2022. Spain was by far the largest destination for Andorra's exports, absorbing 44.0% of the total, worth $110.95 million. A grouping the dataset records as Other Europe, nes, covering smaller European destinations that are not broken out individually, ranked second at 21.9% ($55.36 million).
France ranked third at 12.5% ($31.64 million), followed by the United Kingdom at 4.1% ($10.26 million) and the United Arab Emirates at 2.6% ($6.61 million). Norway took sixth place at 1.7% ($4.31 million), while Hong Kong SAR China and Turkey were almost exactly tied at 1.5% each, worth $3.72 million apiece. Italy and Netherlands rounded out the top ten at 1.0% each, worth $2.57 million and $2.40 million respectively. Together, the top three destinations made up 78.4% of total export value.
That level of concentration is among the highest in this dataset, with a single neighboring market accounting for close to half of everything Andorra ships abroad and the top three combined leaving less than a quarter of total value spread across the remaining seven partners. The scale of the 2023 decline also stands out: even after falling 34.6% from 2022, the total remains above every year from 2019 through 2021, suggesting 2022 itself was an unusually strong year rather than 2023 marking a break from Andorra's underlying trend. A market this concentrated around one neighboring economy is also more sensitive to swings in that single relationship than a market whose top partners are more evenly spread. The remaining seven named partners outside the top three are each fairly small in absolute terms, ranging from a few million dollars up to just over ten million, underscoring how much of Andorra's export total rests on a handful of nearby European relationships rather than a broad global customer base.
Leading Export Categories
Vehicles and related parts and accessories led all export categories in 2023, worth $52.57 million and accounting for 20.8% of total export value. Electrical machinery and equipment followed closely at 20.6%, worth $51.96 million, and works of art, collectors' pieces, and antiques ranked third at 20.2% ($51.00 million), a notably high share for a category that rarely appears this high in export rankings elsewhere in this dataset.
Optical, photographic, and medical instruments added 8.1% ($20.43 million), while clocks and watches contributed 3.8% ($9.57 million). Paper and paperboard brought in 3.6% ($9.11 million), and machinery and mechanical appliances added 3.3% ($8.38 million). Precious stones and metals contributed 2.9% ($7.31 million), apparel and clothing accessories not knitted or crocheted added 2.4% ($6.04 million), and footwear closed out the top ten at 1.5% ($3.88 million).
The presence of works of art and antiques, alongside clocks, watches, and precious stones, near the top of the list points to Andorra's role as a retail and re-export hub for high-value goods rather than a base for large-scale manufacturing. Vehicles and electrical machinery, the two largest categories, likely reflect a mix of re-exported goods moving through Andorra's retail and logistics sector alongside genuine domestic activity. Buyers evaluating Andorra as a supply source should note that the top three categories alone account for more than three-fifths of total export value, a level of concentration that mirrors the pattern already seen in the partner rankings, with the remaining seven categories each holding under 9% of the total. That pattern, three sizable leading categories followed by a steep drop to a long tail of smaller ones, suggests Andorra's export economy is built around a handful of specific niches rather than broad-based manufacturing spread evenly across many product lines.
A Sharp Pullback After an Unusual 2022
The five-year trend shows exports climbing gradually before a sharp spike and an equally sharp reversal. Exports moved from $125.15 million in 2019 to $166.78 million in 2020, held roughly steady at $163.97 million in 2021, then jumped to $386.1 million in 2022 before falling 34.6% to $252.4 million in 2023. Even with that decline, the 2023 total remains roughly double the 2019 starting point, indicating the broader five-year trajectory is still upward despite the sharp swing across the most recent two years.
This pattern is consistent with the World Bank's WITS trade summary for Andorra, which confirms Spain's dominant role as the country's leading export destination alongside the broader decline in total export value recorded in 2023. For a closer look at how individual partner countries or product categories break down year over year, the data panels above provide the full detail behind these figures.