Garachico, founded in the 15th century by Cristóbal de Ponte, was the main port of Tenerife during the 16th and 17th centuries, standing out in the sugar and wine trade. Wine would replace sugar as an export product, so Garachico would stand out as a port of departure for the well-known island malvasia. After the volcanic eruption of 1706, its economic activity declined, and many families emigrated to America. However, at the end of the 19th century, with the cultivation of bananas, its recovery began. In 2012, a new port infrastructure was inaugurated. Garachico preserves a valuable historical-artistic heritage, for which it received the Gold Medal for Merit in Fine Arts and its urban center was declared an Asset of Cultural Interest. At present, it has been awarded as one of the most beautiful villages in Spain.