Navigator
Andorra
(information)
Population as of 2020: 77,380 184 of 193
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Region: Europe
Nominal G.D.P. in 2024: $4.04 billion 163 of 193
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Top Exports
Total exports: roughly **$110M–$175M (2024 range depending on source/reporting)**
**Key structure:** high-value **manufactured goods, electronics, vehicles, and niche luxury/medical items**
| Rank | Export Category | Notes |
| ---- | --------------------------------------- | ------------------------------------------------------- |
| 1 | **Electronics (integrated circuits)**⭐ | One of the largest exports (~$20M+) |
| 2 | **Vehicles (cars)** | Major re-export category |
| 3 | **Works of art & antiques** | Surprisingly large share |
| 4 | **Medical & optical equipment** | Includes precision instruments |
| 5 | **Gold & precious metals** | High-value but small volume |
| 6 | **Orthopedic appliances** | Specialized medical exports |
| 7 | **Essential oils & perfumes** | Luxury niche |
| 8 | **Watches & clocks** | High-end consumer goods |
| 9 | **Paper & paperboard products** | Packaging goods |
| 10 | **Chemical products (misc.)** | Small industrial output |
Key individual export products (by value)
| Rank | Product | Notes |
| ---- | ------------------------------------- | ------------------------------------------------------------------- |
| 11 | **Integrated circuits** | #1 export product |
| 12 | **Passenger cars** | Often re-exported vehicles |
| 13 | **Paintings & drawings** | High-value art exports |
| 14 | **Dental fittings / medical devices** | Specialized healthcare goods |
| 15 | **Gold (non-monetary)** | Precious metals trade |
| 16 | **Orthopedic devices** | Medical niche |
| 17 | **Perfumes & cosmetics** | Luxury exports |
| 18 | **Wristwatches** | High-end goods |
| 19 | **Cigarette paper products** | Small manufacturing niche |
| 20 | **Printed paper products** | Minor export category |
Key Takeaways
* ⚙️ **Small but high-value export economy**
* Total exports are **very small globally**, but focused on **high-value goods**
* 🔁 **Re-exports play a role**
* Especially:
* cars
* electronics
→ due to Andorra’s **duty-free trade environment**
* 🧠 **Niche specialization matters**
* Strong in:
* medical devices
* precision instruments
* luxury goods
* 🎨 **Unusual export: art & antiques**
* A significant share comes from **high-value artworks**
* 🇪🇺 **Highly dependent on neighboring markets**
* Most exports go to:
* Spain
* France
* broader EU
Top Importers of Andorra’s Exports (2024)
| Rank | Country | Notes |
| ---- | ------------------ | -------------------------------------------------------------------------- |
| 1 | **Spain** | By far the largest partner (~50%+); electronics, vehicles, consumer goods. |
| 2 | **France** | Neighboring market; machinery, luxury goods, medical products. |
| 3 | **Germany** | Industrial and precision goods. |
| 4 | **Portugal** | Iberian trade ties; consumer products. |
| 5 | **Italy** | Luxury goods and machinery. |
| 6 | **United Kingdom** | Watches, luxury goods, niche exports. |
| 7 | **United States** | Medical devices and luxury items. |
| 8 | **Netherlands** | EU logistics/trade hub. |
| 9 | **Belgium** | Consumer and industrial goods. |
| 10 | **Switzerland** | Precision and luxury trade links. |
Key Patterns
* 🇪🇸🇫🇷 **Spain and France dominate overwhelmingly**
* Geography strongly shapes trade
* Most exports flow to neighboring EU economies
* 🔁 **Re-export activity matters**
* Vehicles and electronics are often:
* imported into Andorra
* then re-exported through its low-tax trade system
* 💎 **Luxury and niche goods shape wider trade**
* Watches, perfumes, and medical products go to:
* UK
* U.S.
* Switzerland
* 🇪🇺 **Highly European-focused economy**
* Most exports stay within:
* Iberia
* Western Europe
