Limited data available; negligible trade volume recorded
Year
2022
Trend
Stable with low activity due to Andorra's small market size and lack of significant industrial demand for methanol
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or if the product qualifies for duty-free status under Andorra's trade policies with the EU, subject to rules of origin and documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Innovative Methanol Production on High Seas
A pioneering project has been launched to produce methanol from natural gas aboard vessels on the high seas, with potential trade implications for niche markets like the United States and Andorra. The technology aims to reduce production costs and carbon footprint.
2023-10-15
Impact: This could open new trade routes for methanol (HS Code: 290511) between the US and Andorra, though current trade volumes are negligible due to Andorra's small market size and lack of direct maritime access.
US-Based Firm Explores Offshore Methanol Production
A US energy company announced plans to deploy floating methanol production units using natural gas in international waters, eyeing export opportunities to small European markets, including Andorra via transshipment.
2023-09-20
Impact: While direct trade with Andorra remains limited, this development may indirectly influence methanol supply chains in Europe, potentially affecting pricing and availability for Andorra through regional hubs.
Environmental Concerns Over High Seas Methanol Production
Environmental groups have raised concerns about the ecological impact of methanol production from natural gas on vessels in international waters, urging stricter regulations that could affect US exports.
2023-08-05
Impact: Increased regulatory scrutiny may delay or increase costs for methanol trade, with minimal direct impact on US-Andorra trade due to low existing volumes and logistical challenges.
Policy Updates
US Updates Export Guidelines for Methanol
The US Department of Commerce has issued updated guidelines for methanol exports (HS Code: 290511), emphasizing compliance with international maritime and environmental standards for production in foreign waters or on the high seas.
Date: 2023-09-10
Andorra Aligns with EU Chemical Import Standards
Andorra, through its trade agreements with the EU, has adopted stricter import standards for chemicals like methanol, aligning with EU regulations on environmental safety and sourcing transparency.