Yemen2019 Economic Complexity : -1.27, Rank 132 of 146
2019 Product Exports | Imports: $1.45B | $11.4B, 146 of 225 | 93 of 225
2019 Per Capita Product Exports | Imports: $49.6 | $392, 209 of 219 | 184 of 219
2015 Service Exports | Imports : $255M | $1.18B, 146 of 173 | 121 of 173
Overview In 2019 Yemen was the number 110 economy in the world in terms of GDP (current US$), the number 146 in total exports, the number 93 in total imports, the number 173 economy in terms of GDP per capita (current US$) and the number 132 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Yemen are Crude Petroleum ($944M), Gold ($82M), Non-fillet Fresh Fish ($58.7M), Non-fillet Frozen Fish ($33.2M), and Industrial Fatty Acids, Oils and Alcohols ($31.4M), exporting mostly to China ($766M), Saudi Arabia ($148M), United Arab Emirates ($96.9M), Australia ($77.4M), and Malaysia ($53.5M).
Imports The top imports of Yemen are Wheat ($1.02B), Refined Petroleum ($680M), Raw Iron Bars ($468M), Rice ($440M), and Cars ($387M), importing mostly from China ($2.88B), Turkey ($1.1B), United Arab Emirates ($1.04B), Saudi Arabia ($859M), and India ($766M).
Location Yemen borders Oman and Saudi Arabia by land and Djibouti and Somalia by sea.
Top Export (2019): Crude Petroleum, $944M
Top Destination (2019): China, $766M
In 2019, Yemen exported a total of $1.45B, making it the number 146 exporter in the world. During the last five reported years the exports of Yemen have changed by -$5.06B from $6.51B in 2014 to $1.45B in 2019.
The most recent exports are led by Crude Petroleum ($944M), Gold ($82M), Non-fillet Fresh Fish ($58.7M), Non-fillet Frozen Fish ($33.2M), and Industrial Fatty Acids, Oils and Alcohols ($31.4M). The most common destination for the exports of Yemen are China ($766M), Saudi Arabia ($148M), United Arab Emirates ($96.9M), Australia ($77.4M), and Malaysia ($53.5M).
In 2019 Yemen imported $11.4B, making it the number 93 trade destination in the world. During the last five reported years the imports of Yemen changed by -$3.29B from $14.7B in 2014 to $11.4B in 2019.
The most recent imports of Yemen are led by Wheat ($1.02B), Refined Petroleum ($680M), Raw Iron Bars ($468M), Rice ($440M), and Cars ($387M). The most common import partners for Yemen are China ($2.88B), Turkey ($1.1B), United Arab Emirates ($1.04B), Saudi Arabia ($859M), and India ($766M).
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).
The top product import tariffs by their MFN Ad Valorem value for Yemen are Almonds in shell fresh or dried (25%) and Almonds,fresh or dried, shelled (25%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Yemen are:
Yemen has a high level of specialization in Sheep Hides (204), Cereal Meal and Pellets (94.7), Bran (55.7), Honey (54.2), and Other Vegetable Products (40.5). Specialization is measured using RCA, an index that takes the ratio between Yemen observed and expected exports in each product.
The highest complexity exports of Yemen according to the product complexity index (PCI) are Polyacetals, polyethers, polycarbonates, etc, primary (0.77), Stoves, ranges/barbecues,etc, non-electric, iron/steel (0.37), Ceramic articles, nes (0.085), Milk and cream, neither concentrated nor sweetened (-0.094), and Metal containing ash or residue except iron or steel (-0.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Yemen according to the relatedness index, are Niobium, Tantalum, Vanadium and Zirconium Ore (0.093), Raw Cotton (0.092), Cocoa Beans (0.089), Raw Sugar (0.089), and Fish Fillets (0.089). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Yemen is not specialized in.
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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country'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.
During the last 20 years Yemen's economy has become relatively less complex, moving from the 93rd to the 132nd 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.