2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$3.35BCURRENT US$
Rnk 159 / 186
2012-2022
Flag
GDP GROWTH
5.12%CURRENT US$
Rnk 155 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$41,993CURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP PC GROWTH
-6.48%CURRENT US$
Rnk 157 / 186

About

Italy-Andorra Trade: In 2022, Italy exported $54.2M to Andorra. The main products that Italy exported to Andorra were Cars ($11.6M), Processed Tobacco ($4.26M), and Other Knit Garments ($2.84M). Over the past 5 years the exports of Italy to Andorra have increased at an annualized rate of 4.88%, from $42.7M in 2017 to $54.2M in 2022.

In 2022, Italy did not export any services to Andorra.

Andorra-Italy Trade: In 2022, Andorra exported $1.73M to Italy. The main products that Andorra exported to Italy were Jewellery ($863k), Leather Footwear ($96.2k), and Papermaking Machines ($94.7k). Over the past 5 years the exports of Andorra to Italy have decreased at an annualized rate of 5.63%,  from $2.31M in 2017 to $1.73M in 2022.

In 2022, Andorra did not export any services to Italy.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Andorra ranked 174 in total exports ($407M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $54.2M to Andorra. The main products exported from Italy to Andorra were Cars ($11.6M), Processed Tobacco ($4.26M), and Other Knit Garments ($2.84M). During the last 5 years the exports of Italy to Andorra have increased at an annualized rate of 4.88%, from $42.7M in 2017 to $54.2M in 2022.

In 2017, Andorra exported $1.73M to Italy. The main products exported from Andorra to Italy were Jewellery ($863k), Leather Footwear ($96.2k), and Papermaking Machines ($94.7k). During the last 5 years the exports of Andorra to Italy have decreased at an annualized rate of 5.63%, from $2.31M in 2022 to $1.73M in 2017.

Exports from Italy (Flag) to Andorra (Flag) (2022)

Exports from Andorra (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Andorra
Top Destination
Spain$297M

This map shows whether countries import more from Italy or Andorra. Each country is colored based on the difference in imports they receive from Italy and Andorra or the difference in the growth in imports.

In 2022, countries that imported more from Italy than Andorra included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Andorra than from Italy.

Difference in imports from Andorra (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Andorra

Flow
Scale

This chart compares trade between Italy and Andorra by product, considering products traded by both, Italy and Andorra.

During 2022, Italy had a large net trade with Andorra in the exports of Transportation ($13.5M), Textiles ($11.3M), and Foodstuffs ($5.68M).

During 2017, Andorra had a large net trade with Italy in the exports of Precious Metals ($865k), Textiles ($372k), and Machines ($167k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Andorra+N/AN/A
Top Product Potential Andorra Italy+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Andorra. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Andorra. Similarly, a dot/product with the flag of Andorra indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Andorra (Flag) (2022)

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