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Province in Galicia, Autonomous Community in Spain

2024
Economic
Complexity -0.086Rank 15 of 49
Dec 2024
Trade
Exports | Imports €1.12B | €673M5 of 53 | 12 of 53
Dec 2024
Country
Destination | Origin France | China €210M  | €105M

About

Overview This page contains the latest international trade data for Pontevedra. In December 2024 Pontevedra was the number 4 in total exports and the number 12 in total imports in Spain.

Exports In 2024, Spain's Pontevedra exported €13.1B, making it the 4th largest exporter out of the 52 exporters in Spain. In 2024 the top exports of Pontevedra were Small Sized Cars (€2.93B), Diesel Trucks < 5 tonnes (€1.89B), Small Diesel Cars (€1.37B), Electric motor Vehicles (€921M), and Frozen Cuttlefish & Squid Products (€385M).

Imports In 2024, Spain's Pontevedra imported €11.9B, making it the 12th largest importer out of the 52 importers in Spain. In 2024 top imports of Pontevedra were Frozen Cuttlefish & Squid Products (€540M), Frozen Cooked Shrimps & Prawns (In... (€422M), Lithium-Ion Batteries (€420M), Diesel Trucks < 5 tonnes (€374M), and Other Motor Vehicle Components (€310M).

Economic Complexity In 2024, the highest complexity exports of Pontevedra according to the product complexity index (PCI) are Other Paper Machinery (1.32), Other Heating Machinery (1.26), Pulley Systems (1.12), Refractory Ceramics (1.01), Motor vehicles; parts and accessories (8701... (0.99), Cars (0.81), Natural Polymers (0.79), Vehicle Bodies (including cabs) for the... (0.66), Pigs (0.53), and Insulating Glass (0.52). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

December, 2024

About

Overview In December 2024 Pontevedra exported €1.12B and imported €673M, resulting in a positive trade balance of €451M. Between December 2023 and December 2024 the exports of Pontevedra have increased by $1.24M (0.11%) from €1.12B to €1.12B, while imports decreased by €-187M (-21.7%) from €860M to €673M.

Trade In December 2024, the top exports of Pontevedra were Cars (€450M), Delivery Trucks (€179M), Motor vehicles; parts and accessories (8701... (€57.4M), Molluscs (€36.6M), and Non-fillet Frozen Fish (€29.6M). In December 2024 the top imports of Pontevedra were Molluscs (€56M), Motor vehicles; parts and accessories (8701... (€50.1M), Raw Aluminium (€40.5M), Cars (€38.2M), and Electric Batteries (€36.3M).

Destinations In December 2024, Pontevedra exported mostly to France (€210M), Portugal (€155M), Turkey (€123M), Italy (€117M), and United Kingdom (€87.6M), and imported mostly from China (€105M), Portugal (€85.1M), Morocco (€48.9M), France (€41.6M), and Germany (€24.1M).

Growth In December 2024, the increase in Pontevedra's year-by-year exports was explained primarily by an increase in exports to Turkey (€74.4M or 154%), United Kingdom (€19.5M or 28.7%), and Italy (€12.1M or 11.5%), and product exports increase in Cars (€76.9M or 20.6%), Motor vehicles; parts and accessories (8701... (€13.8M or 31.7%), and Vaccines, blood, antisera, toxins and cultures (€9.03M or 203%). In December 2024, the decrease in Pontevedra's year-by-year imports was explained primarily by an decrease in imports from China (€-195M or -65%), France (€-52.1M or -55.6%), and Italy (€-27.5M or -56.6%), and product imports decrease in Electric Batteries (€-231M or -86.4%), Cars (€-32.9M or -46.3%), and Delivery Trucks (€-9.64M or -24.5%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (December 2023 - December 2024)€1.24M(0.11%)
IMPORT GROWTH (December 2023 - December 2024)€-187M(-21.7%)

This section shows exports and imports data at subnational level for Pontevedra. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Pontevedra over time.

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2024)France€2.63B
Top Product (2024)Small Sized Cars€2.93B

In 2024 the top export destinations of Pontevedra were France (€2.63B), Portugal (€2.21B), Italy (€1.68B), Turkey (€1.25B), and United Kingdom (€1.16B).

In 2024 the top exports of Pontevedra were Small Sized Cars (€2.93B), Diesel Trucks < 5 tonnes (€1.89B), Small Diesel Cars (€1.37B), Electric motor Vehicles (€921M), and Frozen Cuttlefish & Squid Products (€385M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2023 - Dec 2024)
Turkey €74.4M (154%)
United Kingdom €19.5M (28.7%)
Italy €12.1M (11.5%)
Rapidly Declining Export Origins (Dec 2023 - Dec 2024)
Mexico -€27.7M (-77%)
France -€21.2M (-9.16%)
Denmark -€14.6M (-89%)

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Yearly Imports

Color
Depth
Top Origin (2024)Portugal€1.21B
Top Import (2024)Frozen Cuttlefish & Squid Products€540M

In 2024 the top import origins of Pontevedra were Portugal (€1.21B), China (€1.05B), Morocco (€760M), France (€692M), and Germany (€349M).

In 2024 the top imports of Pontevedra were Frozen Cuttlefish & Squid Products (€540M), Frozen Cooked Shrimps & Prawns (In... (€422M), Lithium-Ion Batteries (€420M), Diesel Trucks < 5 tonnes (€374M), and Other Motor Vehicle Components (€310M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2023 - Dec 2024)
South Korea €18.9M (746%)
Slovakia €16.6M (372%)
Malaysia €15M (725%)
Rapidly Declining Import Origins (Dec 2023 - Dec 2024)
China -€195M (-65%)
France -€52.1M (-55.6%)
Italy -€27.5M (-56.6%)

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Economic Complexity

Economic Complexity of Pontevedra

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Economic Complexity (2024)-0.086

Pontevedra ranks 15th out of the 52 provinces in Spain according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Pontevedra it is in position 15th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Pontevedra already has a comparative advantage, are led by Other Inedible Animal Products (0.12), Beer (0.12), Scrap Plastic (0.12), Scrap Iron (0.12), and Salt (0.12).

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Most Complex Products by PCI

The highest complexity exports of Pontevedra according to the product complexity index (PCI) are Other Paper Machinery (1.32), Other Heating Machinery (1.26), Pulley Systems (1.12), Refractory Ceramics (1.01), Motor vehicles; parts and accessories (8701... (0.99), Cars (0.81), Natural Polymers (0.79), Vehicle Bodies (including cabs) for the... (0.66), Pigs (0.53), and Insulating Glass (0.52). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Fishing Ships (83.20), Molluscs (77.45), Other Meat (31.52), Curbstones (29.61), and Vegetable Saps (27.80).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Pontevedra is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  Pontevedra. These are products that tend to be co-exported with the products that Pontevedra exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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