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Province in Galicia, Autonomous Community in Spain

2023
Economic
Complexity -0.17Rank 24 of 49
Sep 2024
Trade
Exports | Imports €1.32B | €709M5 of 53 | 12 of 53
Sep 2024
Country
Destination | Origin Portugal | Portugal €247M  | €104M

About

Overview This page contains the latest international trade data for Pontevedra. In September 2024 Pontevedra was the number 4 in total exports and the number 11 in total imports in Spain.

Exports In 2023, Spain's Pontevedra exported €13.1B, making it the 4th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Pontevedra were Small Sized Cars (€2.27B), Diesel Trucks < 5 tonnes (€1.93B), Electric motor Vehicles (€991M), Small Diesel Cars (€944M), and Medium Diesel Cars (€568M).

Imports In 2023, Spain's Pontevedra imported €11.9B, making it the 11th largest importer out of the 52 importers in Spain. In 2023 top imports of Pontevedra were Lithium-Ion Batteries (€1.14B), Frozen Cuttlefish & Squid Products (€547M), Frozen Cooked Shrimps & Prawns (In... (€439M), Diesel Trucks < 5 tonnes (€408M), and Other Motor Vehicle Components (€358M).

Economic Complexity In 2023, the highest complexity exports of Pontevedra according to the product complexity index (PCI) are Other Heating Machinery (1.24), Stone Working Machines (1.15), Other Paper Machinery (1.12), Large Coated Flat-Rolled Iron (1), Pulley Systems (0.99), Motor vehicles; parts and accessories (8701... (0.97), Cars (0.96), Refractory Ceramics (0.79), Large Flat-Rolled Iron (0.74), and Delivery Trucks (0.45). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

September, 2024

About

Overview In September 2024 Pontevedra exported €1.32B and imported €709M, resulting in a positive trade balance of €614M. Between September 2023 and September 2024 the exports of Pontevedra have increased by $213M (19.2%) from €1.11B to €1.32B, while imports decreased by €-13.8M (-1.91%) from €723M to €709M.

Trade In September 2024, the top exports of Pontevedra were Cars (€513M), Delivery Trucks (€146M), Aluminium Bars (€92.6M), Motor vehicles; parts and accessories (8701... (€70.6M), and Molluscs (€50.5M). In September 2024 the top imports of Pontevedra were Motor vehicles; parts and accessories (8701... (€59.6M), Molluscs (€56.4M), Electric Batteries (€45.1M), Delivery Trucks (€43.2M), and Crustaceans (€41.4M).

Destinations In September 2024, Pontevedra exported mostly to Portugal (€247M), Italy (€179M), Turkey (€160M), United Kingdom (€136M), and Germany (€86.7M), and imported mostly from Portugal (€104M), China (€95M), Morocco (€74.2M), France (€65.3M), and Germany (€31.1M).

Growth In September 2024, the increase in Pontevedra's year-by-year exports was explained primarily by an increase in exports to Italy (€76M or 73.7%), Turkey (€75.7M or 90.1%), and Portugal (€72M or 41.1%), and product exports increase in Cars (€214M or 71.5%), Aluminium Bars (€81.6M or 739%), and Raw Aluminium (€16.2M or 267%). In September 2024, the decrease in Pontevedra's year-by-year imports was explained primarily by an decrease in imports from Slovakia (€-17.3M or -96.9%), France (€-14.9M or -18.6%), and Mozambique (€-9.79M or -83.4%), and product imports decrease in Cars (€-18.7M or -35.2%), Motor vehicles; parts and accessories (8701... (€-15.6M or -20.8%), and Electric Batteries (€-13.7M or -23.3%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (September 2023 - September 2024)€213M(19.2%)
IMPORT GROWTH (September 2023 - September 2024)€-13.8M(-1.91%)

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 (2023)France€2.64B
Top Product (2023)Small Sized Cars€2.27B

In 2023 the top export destinations of Pontevedra were France (€2.64B), Portugal (€2.18B), Italy (€1.35B), United Kingdom (€1.03B), and Turkey (€1.03B).

In 2023 the top exports of Pontevedra were Small Sized Cars (€2.27B), Diesel Trucks < 5 tonnes (€1.93B), Electric motor Vehicles (€991M), Small Diesel Cars (€944M), and Medium Diesel Cars (€568M).

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Exports Dynamics

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)
Italy €76M (73.7%)
Turkey €75.7M (90.1%)
Portugal €72M (41.1%)
Rapidly Declining Export Origins (Sep 2023 - Sep 2024)
France -€80.8M (-50.8%)
Russia -€28.7M (-98.8%)
Switzerland -€12.6M (-70.4%)

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Yearly Imports

Color
Depth
Top Origin (2023)China€1.69B
Top Import (2023)Lithium-Ion Batteries€1.14B

In 2023 the top import origins of Pontevedra were China (€1.69B), France (€1.22B), Portugal (€1.17B), Morocco (€748M), and Germany (€372M).

In 2023 the top imports of Pontevedra were Lithium-Ion Batteries (€1.14B), Frozen Cuttlefish & Squid Products (€547M), Frozen Cooked Shrimps & Prawns (In... (€439M), Diesel Trucks < 5 tonnes (€408M), and Other Motor Vehicle Components (€358M).

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Imports Dynamics

Fastest Growing Import Origins (Sep 2023 - Sep 2024)
Morocco €10.9M (17.2%)
Portugal €9.51M (10%)
Falkland Islands €9.22M (67%)
Rapidly Declining Import Origins (Sep 2023 - Sep 2024)
Slovakia -€17.3M (-96.9%)
France -€14.9M (-18.6%)
Mozambique -€9.79M (-83.4%)

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Economic Complexity

Economic Complexity of Pontevedra

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Economic Complexity (2023)-0.17

Pontevedra ranks 24th 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 24th 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 (0.13), Salt (0.13), Scrap Plastic (0.13), Milk (0.13), and Sawn Wood (0.13).

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Most Complex Products by PCI

The highest complexity exports of Pontevedra according to the product complexity index (PCI) are Other Heating Machinery (1.24), Stone Working Machines (1.15), Other Paper Machinery (1.12), Large Coated Flat-Rolled Iron (1), Pulley Systems (0.99), Motor vehicles; parts and accessories (8701... (0.97), Cars (0.96), Refractory Ceramics (0.79), Large Flat-Rolled Iron (0.74), and Delivery Trucks (0.45). 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 Molluscs (78.14), Other Meat (34.67), Curbstones (33.69), Delivery Trucks (27.32), and Vegetable Saps (25.38).

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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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