Flag Yemen

Econ Complexity (2018): -1.33, Rank 124 of 137

Product Exports (2018): $1.53B, Rank 137 of 222

Exports Per Capita (2018): $53.8, Rank 105 of 219

Product Imports (2018): $8.64B, Rank 111 of 221

Imports Per Capita (2018): $303, Rank 106 of 219

Service Exports (2015): $255M, Rank 143 of 170

Service Imports (2015): $1.18B, Rank 118 of 170

GDP (2018): $26.9B, CURRENT US$
Rank 104 of 196

GDP growth (2008 - 2018): 0.013%, CURRENT US$
Rank 164 of 196

GDP PC (2018): $944, CURRENT US$
Rank 172 of 196

GDP PC GROWTH (2008 - 2018): -23.2%, CURRENT US$
Rank 188 of 196

Overview: In 2018 Yemen was the number 104 economy in the world in terms of GDP (current US$), the number 137 in total exports, the number 111 in total imports, and the number 124 most complex economy according to the Economic Complexity Index (ECI). In 2018, Yemen exported $1.53B and imported $8.64B, resulting in a negative trade balance of -$7.11B. In 2018, Yemen's exports per capita were $53.8 and its imports per capita were $303.

Trade: The top exports of Yemen are Crude Petroleum ($848M), Gold ($219M), Non-fillet Fresh Fish ($53.4M), Other Fruits ($33.3M), and Molluscs ($33.2M). The top imports of Yemen are Wheat ($619M), Refined Petroleum ($429M), Raw Iron Bars ($425M), Rice ($367M), and Cars ($246M).

Destinations: Yemen exports mostly to China ($635M), Saudi Arabia ($150M), Oman ($142M), United Arab Emirates ($126M), and Malaysia ($92.3M), and imports mostly from China ($1.88B), Saudi Arabia ($935M), United Arab Emirates ($756M), Turkey ($729M), and India ($660M).

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

Product Exports

#permalink to section
Value
Depth

Top Export (2018): Crude Petroleum, $848M

Top Destination (2018): China, $635M

In 2018 Yemen exported a total of $1.53B, making it the number 137 exporter in the world. During the last five reported years the exports of Yemen have changed by -$7.77B from $9.3B in 2013 to $1.53B in 2018.

The most recent exports are led by Crude Petroleum ($848M), Gold ($219M), Non-fillet Fresh Fish ($53.4M), Other Fruits ($33.3M), and Molluscs ($33.2M). The most common destination for the exports of Yemen are China ($635M), Saudi Arabia ($150M), Oman ($142M), United Arab Emirates ($126M), and Malaysia ($92.3M).

Explore Visualizations

Product Imports

#permalink to section
Value
Depth

Top Import (2018): Wheat, $619M

Top Origin (2018): China, $1.88B

In 2018 Yemen imported $8.64B, making it the number 111 trade destination in the world. During the last five reported years the imports of Yemen changed by -$4.07B from $12.7B in 2013 to $8.64B in 2018.

The most recent imports of Yemen are led by Wheat ($619M), Refined Petroleum ($429M), Raw Iron Bars ($425M), Rice ($367M), and Cars ($246M). The most common import partners for Yemen are China ($1.88B), Saudi Arabia ($935M), United Arab Emirates ($756M), Turkey ($729M), and India ($660M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

#permalink to section

This section shows forecasts for total product exports and imports for Yemen. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Tariffs by Product

#permalink to section

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.

Explore Tariff Data

*The tariffs applied to imports for Yemen are:
136: Most Favoured Nation duty rate treatement
313: Preferential tariff for the League of Arab States

Economic Complexity

#permalink to section

Economic Complexity Ranking

#permalink to section
Scale

During the last 20 years Yemen's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨94th to the 124th⁩ 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.

Explore Rankings

Most Specialized Products by RCA Index

#permalink to section

Yemen has a high level of specialization in Sheep Hides (158), Scrap Lead (87.6), Honey (74.9), Bran (47.5), and Other Vegetable Products (36.9). 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 section

The highest complexity exports of Yemen according to the product complexity index (PCI) are Ceramic housewares, except of porcelain or china (0.036), Ceramic articles, nes (-0.12), Ferrous waste or scrap, ingots or iron or steel (-0.54), Chemical industry products nes (-0.6), and Metal containing ash or residue except iron or steel (-0.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Yemen according to the relatedness index, are Raw Cotton (0.12), Cocoa Beans (0.11), Dried Legumes (0.11), Locust beans, seaweed, sugar beet, cane, for food (0.1), and Petroleum Gas (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.

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.

Diversification Frontier

#permalink to section
Filter
Depth

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.