Pontevedra | The Observatory of Economic Complexity

Pontevedra

Province in Galicia, Autonomous Community in Spain

2023
Economic
Complexity -0.17Rank 24 of 49

Jan 2024
Trade
Exports | Imports €1.13B | €702M6 of 53 | 13 of 53

Jan 2024
Country
Destination | Origin France | China €189M | €102M

Image 1

Image by juantiagues
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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Pontevedra. In January 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 Electric accumulators: lithium-ion, including separators, whether... (€1.14B), Molluscs; cuttle fish and squid, whether... (€547M), Crustaceans: frozen, shrimps and prawns, excluding... (€439M), Diesel Trucks < 5 tonnes (€408M), and Other Motor vehicle parts (€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

January, 2024

About

Overview In January 2024 Pontevedra exported €1.13B and imported €702M, resulting in a positive trade balance of €428M. Between January 2023 and January 2024 the exports of Pontevedra have decreased by $-65.6M (-5.48%) from €1.2B to €1.13B, while imports decreased by €-97.3M (-12.2%) from €800M to €702M.

Trade In January 2024, the top exports of Pontevedra were Cars (€343M), Delivery Trucks (€265M), Motor vehicles; parts and accessories (8701... (€60.4M), Molluscs (€35.9M), and Refined Petroleum (€28.4M). In January 2024 the top imports of Pontevedra were Crustaceans (€71.2M), Processed Fish (€63.6M), Motor vehicles; parts and accessories (8701... (€54.9M), Molluscs (€46.6M), and Delivery Trucks (€32M).

Destinations In January 2024, Pontevedra exported mostly to France (€189M), Portugal (€174M), Italy (€97.7M), Turkey (€90.8M), and Algeria (€75.2M), and imported mostly from China (€102M), Portugal (€88M), Argentina (€64.9M), Morocco (€64.4M), and France (€63M).

Growth In January 2024, the decrease in Pontevedra's year-by-year exports was explained primarily by an decrease in exports to United Kingdom (€-77M or -51.4%), France (€-70.2M or -26.7%), and Denmark (€-6.01M or -48.5%), and product exports decrease in Cars (€-52.8M or -12.3%), Hydrogen (€-7.82M or -100%), and Aluminium Bars (€-4.45M or -28.6%). In January 2024, the decrease in Pontevedra's year-by-year imports was explained primarily by an decrease in imports from France (€-336M or -76.8%), Bahrain (€-17.5M or -84.6%), and Russia (€-9.27M or -62.7%), and product imports decrease in Motor vehicles; parts and accessories (8701... (€-336M or -85.7%), Raw Aluminium (€-25.3M or -67.4%), and Cars (€-4.72M or -6.48%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)€-65.6M(-5.48%)

IMPORT GROWTH (January 2023 - January 2024)€-97.3M(-12.2%)

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

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

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

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Algeria €75.2M (98k%)

Turkey €28.6M (46%)

Greece €14M (153%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Germany -€28.9M (-34.1%)

Belgium -€19.2M (-24.4%)

Finland -€16.3M (-90.7%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China€1.69B

Top Import (2023)Electric accumulators: lithium-ion, including separators, whether...€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 Electric accumulators: lithium-ion, including separators, whether... (€1.14B), Molluscs; cuttle fish and squid, whether... (€547M), Crustaceans: frozen, shrimps and prawns, excluding... (€439M), Diesel Trucks < 5 tonnes (€408M), and Other Motor vehicle parts (€358M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Argentina €7.56M (13.2%)

Poland €6.79M (131%)

South Korea €6.24M (110%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

China -€42.9M (-29.6%)

France -€38.3M (-37.8%)

Portugal -€11.4M (-11.5%)

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Economic Complexity

Economic Complexity of Pontevedra

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Geomap

Treemap

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

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

RCA Filter

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

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.