Valle de Villaverde (also, until 2005, Villaverde de Trucíos) is a town and municipality in the autonomous community of Cantabria, Spain. It is surrounded by the Basque municipalities of Carranza, Arcentales, and Trucíos, but the town belongs to the administration of the government of Cantabria. Thus, it is an enclave of Biscay and an exclave of Cantabria. In the south of the municipality are the headwaters of the , whose valley includes altitudes of more than 400 metres (1,300 feet). The municipality is crossed from west to east by the Santander-Bilbao railway line operated by FEVE.