Andorra Goods Imports Drop 10.7% in January 2026 on Energy Slump

Andorra's goods imports dropped 10.7% in January 2026 to €140.96 million, primarily due to a 47.1% decline in energy products. Excluding energy, the fall moderated to 6.5%. Significant decreases also occurred in transport (-22%), beverages and tobacco (-13.2%), and industry (-8.6%), while jewellery imports rose 31.6% and construction materials increased 6.2%.

Fuel imports reached 16.57 million litres, down 4% from January 2025. Diesel for locomotion fell 11.9%, unleaded petrol 6.4%, but domestic fuel climbed 4.4%. Compared to December 2025, total volumes dipped 1%, with unleaded petrol down 14.2%, diesel for locomotion off 12%, and domestic fuel up 18.3%. Over the prior 12 months, fuel imports remained nearly flat at 163.30 million litres (+0.1%), reflecting gains in domestic fuel (+4.6%) and unleaded petrol (+3.7%) alongside a 3.9% drop in diesel for locomotion.

Fuel prices continued their downward trend from December 2025. Diesel for locomotion averaged €1.177 per litre (-2.8%), its premium variant €1.209 (-2.7%). Unleaded petrol (95 octane) fell 2.4% to €1.262, and 98 octane 2.2% to €1.323. Domestic heating fuel declined 2.2% to €0.933, while store-sold heating fuel eased 1% to €0.890.

Exports grew 1.1% to €13.08 million, propelled by a 65.4% surge in electronics despite a 50.5% slump in transport. Over 12 months, exports totalled €197.35 million, up 2.2% according to most data though one report notes a 1.4% decline, supported by industry and electronics. Annual imports rose 6.9% to €1,980.56 million, or 8.1% without energy, driven by electronics, miscellaneous goods, industry, and transport.

Seasonally adjusted data indicate stabilising imports and slower export growth amid moderating external trade. Short-term fuel consumption rose 0.2% monthly, though unleaded petrol and diesel showed slight deceleration, and domestic fuel declined for three consecutive months, pointing to restrained demand and shifting usage patterns.