Andorra - International trade

International commerce is crucial to Andorra's otherwise isolated economy. In 1998 the country exported US$58 million worth of goods and services, while importing US$1.077 billion. This massive trade deficit is made up for largely by the booming tourist economy. As is to be expected given its tight integration with France and Spain, these countries are its dominant trading partners. The majority of the country's exports, 58 percent, went to Spain in 1998, while France received 34 percent. Imports in that year originated mostly from Spain (48 percent) and France (35 percent).