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2022
Economic Complexity
Trade -1.05Rank 114 of 133
2022
Economic Complexity
Research -1.57Rank 133 of 135
2022
Product
Exports | Imports $1.73B | $10.9B148 of 226 |  110 of 226
2022
Per Capita Product
Exports | Imports $51.5 | $325173 of 220 |  194 of 220

About

Overview In 2022 Yemen was the number 148 economy in the world in terms of total exports and the number 110 in total imports.

Exports The top exports of Yemen are Crude Petroleum ($992M), Scrap Iron ($111M), Gold ($96.5M), Molluscs ($58.5M), and Non-fillet Frozen Fish ($54M), exporting mostly to China ($548M), Thailand ($355M), India ($206M), United Arab Emirates ($119M), and Oman ($82.6M).

Imports The top imports of Yemen are Wheat ($1B), Raw Iron Bars ($500M), Rice ($444M), Raw Sugar ($284M), and Concentrated Milk ($267M), importing mostly from China ($2.8B), United Arab Emirates ($1.53B), Turkey ($1.09B), India ($1.07B), and Oman ($411M).

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 (2022)Crude Petroleum$992M
Top Destination (2022)China$548M

In 2022, Yemen exported a total of $1.73B, making it the number 148 exporter in the world. During the last five reported years the exports of Yemen have changed by -$464M from $2.2B in 2017 to $1.73B in 2022.

The most recent exports are led by Crude Petroleum ($992M), Scrap Iron ($111M), Gold ($96.5M), Molluscs ($58.5M), and Non-fillet Frozen Fish ($54M). The most common destination for the exports of Yemen are China ($548M), Thailand ($355M), India ($206M), United Arab Emirates ($119M), and Oman ($82.6M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
China$122M (+ 28.6%)
India$102M (+ 98.5%)
Italy$54.6M (+ 398%)
Fastest Growing Import Markets (2021 - 2022)
India$301M (+ 39.3%)
China$264M (+ 10.4%)
Argentina$145M (+ 102%)

Total Export Growth by Market (2021 - 2022)

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)-1.05Rank 114 of 133
Economic Complexity (Research)-1.57Rank 133 of 135

Most Specialized Products by RCA Index

Yemen has a high level of specialization in Sheep Hides (266), Scrap Plastic (101), Bran (71), Molluscs (62), and Honey (36.5). 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 Turbines; steam and other vapour turbines (0.68), Aircraft n.e.c. in heading no. 8801 (e.g. helicopters, aeroplanes); spacecraft (including satellites)... (0.45), Colouring matter of vegetable or animal origin (including dyeing extracts, not animal... (0.39), Odoriferous substances and mixtures (including alcoholic solutions) with a basis of one... (0.25), and Generators for producer or water gas with or without their purifiers acetylene... (0.15). 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 (0.086), Fish Fillets (0.082), Other Oily Seeds (0.079), Raw Cotton (0.077), and Insect Resins (0.076). 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 (2022)

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 ⁩⁨96th to the 114th⁩ 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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