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2023
Economic Complexity
Trade -1Rank 112 of 132
2022
Economic Complexity
Research -1.08Rank 129 of 140
2023
Product
Exports | Imports $1.05B | $11.9B160 of 226 |  110 of 226
2023
Per Capita Product
Exports | Imports $26.7 | $301182 of 220 |  195 of 220

About

Overview In 2023 Yemen was the number 160 economy in the world in terms of total exports and the number 110 in total imports.

Exports The top exports of Yemen are Gold ($265M), Scrap Iron ($125M), Molluscs ($76.5M), Industrial Fatty Acids, Oils and Alcohols ($59.6M), and Non-fillet Fresh Fish ($57.9M), exporting mostly to United Arab Emirates ($294M), India ($216M), Saudi Arabia ($176M), Oman ($74.1M), and Malaysia ($53.1M).

Imports The top imports of Yemen are Wheat ($560M), Raw Sugar ($479M), Rice ($463M), Raw Iron Bars ($456M), and Concentrated Milk ($325M), importing mostly from China ($2.68B), United Arab Emirates ($1.72B), Saudi Arabia ($1.32B), Turkey ($897M), and India ($846M).

Location Yemen borders Oman and Saudi Arabia by land and Djibouti, Eritrea, and Somalia by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Yemen.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Gold$265M
Top Destination (2023)United Arab Emirates$294M

In 2023, Yemen exported a total of $1.05B, making it the number 160 exporter in the world. During the last five reported years the exports of Yemen have changed by -$622M from $1.67B in 2018 to $1.05B in 2023.

The most recent exports are led by Gold ($265M), Scrap Iron ($125M), Molluscs ($76.5M), Industrial Fatty Acids, Oils and Alcohols ($59.6M), and Non-fillet Fresh Fish ($57.9M). The most common destination for the exports of Yemen are United Arab Emirates ($294M), India ($216M), Saudi Arabia ($176M), Oman ($74.1M), and Malaysia ($53.1M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
United Arab Emirates$173M (+ 143%)
India$10.1M (+ 4.88%)
Netherlands$6.83M (+ 181%)
Fastest Growing Import Markets (2022 - 2023)
Brazil$281M (+ 85.6%)
United Arab Emirates$195M (+ 12.8%)
Malaysia$92.3M (+ 61%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Yemen Exports Services (2015)$255M
Yemen Imports Services (2015)$1.18B

In 2015, Yemen exported $255M worth of services. The top services exported by Yemen in 2015 were Government services, n.i.e. ($166M), Air transport ($44.8M), Sea transport ($41.7M), and Other business services ($2.78M).

The top services imported by Yemen in 2015 were Sea transport ($714M), Miscellaneous business, professional, and technical services ($205M), Insurance services ($143M), Air transport ($30.7M), and Financial services ($28.7M).

Service Exports (2015)

Service Imports (2015)

Economic Complexity

Overview

Economic Complexity (Trade)-1Rank 112 of 132
Economic Complexity (Research)-1.08Rank 129 of 140

Most Specialized Products by RCA Index

Yemen has a high level of specialization in Bran (149), Molluscs (138), Onions (94.1), Scrap Plastic (93.3), and Other Inedible Animal Products (58.1). Specialization is measured using RCA, an index that takes the ratio between Yemen observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Yemen according to the product complexity index (PCI) are Turbo-jets, turbo-propellers and other gas turbines (0.82), Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins,... (0.65), Colouring matter of vegetable or animal origin (including dyeing extracts, not animal... (0.18), Copper; powders and flakes (-0.063), and Butter and other fats and oils derived from milk; dairy spreads (-0.12). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Yemen according to the relatedness index, were Cocoa Beans (0.11), Fish Fillets (0.11), Raw Cotton (0.1), Dried Legumes (0.1), and Cassava (0.1). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Yemen is not specialized in.

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 countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale
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During the last 20 years Yemen's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨99th to the 112th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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