Page 62 - Economic report 2020

from the group of machinery and electrical
ANDORRA’S MAIN EXPORT SECTORS. equipment (+15.4 points), followed at a distance
2022 - Interannual variation rate (%) Chart 7.9 by transport material (+2.6 points) and optical
and photographic products (+1.8 points). The
other sectors made a positive or negative
contribution of less than 1.2 points. Note that,
this year, practically all areas saw a decrease
in their percentage of the total due to the
major increase in the chapter of works of art
and antiques, the opposite of what occurred
in 2021.

Exports of machinery and

electrical equipment continue
to grow strongly (+15.3%).

(*) Ignoring the sector of Works of art and antiques, which saw an increase If we ignore this chapter of works of art and
of 14,039% in 2022.
antiques, the largest export group is still, since
Source: Department of Tax and Frontiers.
2003, machinery and electrical equipment.
With a year-on-year increase of 62.4%, it
reached 15.3% of the total. By chapters, this trend can be explained by both the increase in
exports of electrical machinery and equipment (+65.2%) – the largest chapter in the group, with
almost 12.6% of total foreign sales – and in mechanical apparatus (+50.6%) – representing 2.7%
of total exports.
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Second in the exports ranks is the branch of transport material, which saw an increase of 10.9%
in 2022. This increase was less than for total imports, so its share of the total fell from 23.6% in
2021 – when it grew 67.2% - to 10% in 2022.
Exports of transport material The chapter that determines this positive trend
grow 10.9%. is motor vehicles, which represents 9.8% of
total exports and saw an increase of 9.3%.

Some way behind the previous groups, foreign sales of optical, photographic and precision
apparatus, the third chapter by volume of exports, increased 14.3% in 2022, although its share of
the total shrank to 5.4%. By chapters, the trend was positive in both the segment of optical and
Andorran economy: general developments | VII. Foreign sector
photographic products (+12.3%) - the most important in the group, with 4.4% of total exports -
and clocks and watches (+26.5%), with a much smaller share of only 0.9%.

Next in the exports ranks by volume are the sectors of paper and graphic arts, textiles, and pearls,
precious stones and metals. The trend in the group of paper and graphic arts was positive, with
export growth of 8.2%. As a result, its share of the total represents 3.2%. The most important
subgroup is paper and cardboard (2.1% of the total), with an increase of 1.5% year on year,
followed by products of the printing or graphic industries (0.8% of the total), which increased
33.5%. Exports from the textiles sector saw a year-on-year decline of 8%, reducing its share to
2.2% of the total. Within this group are notably the chapter of articles of apparel and clothing
accessories, not knitted or crocheted (with 1.4% of total exports), which shrank 7.2% in relation
to 2021. Finally, the branch of pearls, precious stones and metals saw a decline of 17.9%, falling
to 2.1% of overall Andorran exports.

The other groups represent proportions of less than 2% of total exports. Among these are notably
footwear, headwear, umbrellas, with 1.6% of the total and an increase of 1.2%; base metals, with