Yemen
2020 Product Exports | Imports: $1.26B | $10.5B, 148 of 226 | 96 of 226
2020 Per Capita Product Exports | Imports: $42.1 | $351, 212 of 219 | 182 of 219
2015 Service Exports | Imports : $255M | $1.18B, 146 of 173 | 121 of 173
Overview In 2020 Yemen was the number 148 economy in the world in terms of total exports and the number 96 in total imports.
Exports The top exports of Yemen are Crude Petroleum ($682M), Gold ($114M), Non-fillet Frozen Fish ($58.1M), Non-fillet Fresh Fish ($49.4M), and Industrial Fatty Acids, Oils and Alcohols ($31.6M), exporting mostly to China ($597M), Saudi Arabia ($174M), United Arab Emirates ($125M), Malaysia ($61.5M), and Thailand ($43.2M).
Imports The top imports of Yemen are Wheat ($674M), Rice ($395M), Raw Iron Bars ($363M), Cars ($354M), and Raw Sugar ($342M), importing mostly from China ($2.88B), United Arab Emirates ($1.18B), Saudi Arabia ($1.07B), Turkey ($835M), and India ($791M).
Location Yemen borders Omanand Saudi Arabia by land and Djibouti, Eritrea, and Somalia by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe 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.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2020): Crude Petroleum, $682M
Top Destination (2020): China, $597M
In 2020, Yemen exported a total of $1.26B, making it the number 148 exporter in the world. During the last five reported years the exports of Yemen have changed by -$822M from $2.08B in 2015 to $1.26B in 2020.
The most recent exports are led by Crude Petroleum ($682M), Gold ($114M), Non-fillet Frozen Fish ($58.1M), Non-fillet Fresh Fish ($49.4M), and Industrial Fatty Acids, Oils and Alcohols ($31.6M). The most common destination for the exports of Yemen are China ($597M), Saudi Arabia ($174M), United Arab Emirates ($125M), Malaysia ($61.5M), and Thailand ($43.2M).
Yearly Imports
#permalink to sectionIn 2020 Yemen imported $10.5B, making it the number 96 trade destination in the world. During the last five reported years the imports of Yemen changed by $1.58B from $8.91B in 2015 to $10.5B in 2020.
The most recent imports of Yemen are led by Wheat ($674M), Rice ($395M), Raw Iron Bars ($363M), Cars ($354M), and Raw Sugar ($342M). The most common import partners for Yemen are China ($2.88B), United Arab Emirates ($1.18B), Saudi Arabia ($1.07B), Turkey ($835M), and India ($791M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- Thailand, $29.9M (+ 224%)
- United Arab Emirates, $28.1M (+ 29%)
- Saudi Arabia, $25.3M (+ 17%)
Fastest Growing Import Markets (2019 - 2020)
- Saudi Arabia, $195M (+ 22.3%)
- Brazil, $20.3M (+ 5.89%)
- Malaysia, $19.5M (+ 11%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionYemen 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).
Tariffs
#permalink to sectionTariffs by Product
#permalink to sectionThe 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:
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionYemen has a high level of specialization in Honey (99.2), Bran (95.8), Other Vegetable Products (51), Molluscs (45.5), and Onions (42.5). 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
#permalink to sectionThe highest complexity exports of Yemen according to the product complexity index (PCI) are Lathes for removing metal (1.68), Articles of stone or other mineral substances, nes (0.85), Stoves, ranges/barbecues,etc, non-electric, iron/steel (0.36), Ceramic articles, nes (0.21), and Colouring matter of vegetable or animal origin (0.082). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Yemen according to the relatedness index, are Cocoa Beans (0.11), Fish Fillets (0.097), Raw Sugar (0.095), Raw Cotton (0.094), and Palm Oil (0.093). 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
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
Economic Complexity Ranking
#permalink to sectionDuring the last 19 years Yemen's economy has become relatively less complex, moving from the 91st to the 119th 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.
