Andorra Import Customs Revenues Drop 5.8% to €51.9M in Q1 2025

Customs revenues from imports in Andorra declined 5.8% in the first quarter of 2025, totaling €51.9 million against €55.2 million in the same period of 2024, according to figures released Thursday by the Department of Taxes and Borders.

March accounted for much of the downturn, with collections at €18.7 million—down 4.4% from €19.6 million the previous year and 10% below February's performance. Tobacco led the weakness, generating €20.4 million over the quarter, a 10.5% drop from €22.77 million in early 2024. The category fell 24.9% in March to €6.69 million from €8.9 million a year earlier, and 36.2% compared to two years ago. February's relative strength could not counter the month's slump.

Beverages contributed €1.85 million across three months, marking a 19.5% decrease from €2.29 million last year. March saw €658,000 collected—a 12.2% monthly drop from February, though only 1.1% below March 2024 after a 36.4% plunge the prior month.

Fuel imports brought in €13.8 million, down 4.2% from €14.4 million in 2024, but March rose 10.3% to €5.1 million on recent price increases.

"Other goods" provided the only quarterly gain, up 1.5% to €15.9 million from €15.7 million. March surged 18.2% to €6.25 million—27.2% above the prior year—after the RN-20 road reopened following a landslide. Disruptions from that event partly explain pressures on beverages and fuel earlier.

The results highlight ongoing challenges, particularly in tobacco, as the year begins.