Yemen2021 Economic Complexity Trade : -1.15, Rank 113 of 131
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2021 Economic Complexity Research : -1.06, Rank 121 of 140
2021 Product Exports | Imports: $1.97B | $12.6B, 146 of 226 | 101 of 226
2021 Per Capita Product Exports | Imports: $64.7 | $413, 206 of 219 | 186 of 219
Overview In 2021, Yemen was the number 108 economy in the world in terms of GDP (current US$), the number 146 in total exports, the number 101 in total imports, the number 172 economy in terms of GDP per capita (current US$) and the number 113 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Yemen are Crude Petroleum ($1.06B), Scrap Iron ($81.5M), Non-fillet Fresh Fish ($79.7M), Gold ($72.7M), and Non-fillet Frozen Fish ($68.6M), exporting mostly to Thailand ($487M), China ($411M), Saudi Arabia ($218M), Oman ($167M), and Austria ($125M).
Imports The top imports of Yemen are Refined Petroleum ($950M), Wheat ($840M), Raw Iron Bars ($550M), Cars ($406M), and Rice ($366M), importing mostly from China ($2.57B), Saudi Arabia ($2.07B), United Arab Emirates ($1.39B), Turkey ($1.1B), and Oman ($781M).
Location Yemen borders Oman and Saudi Arabia by land and Djibouti, Eritrea, and Somalia by sea.
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.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
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.
Top Export (2021): Crude Petroleum, $1.06B
Top Destination (2021): Thailand, $487M
In 2021, Yemen exported a total of $1.97B, making it the number 146 exporter in the world. During the last five reported years the exports of Yemen have changed by $1.02B from $950M in 2016 to $1.97B in 2021.
The most recent exports are led by Crude Petroleum ($1.06B), Scrap Iron ($81.5M), Non-fillet Fresh Fish ($79.7M), Gold ($72.7M), and Non-fillet Frozen Fish ($68.6M). The most common destination for the exports of Yemen are Thailand ($487M), China ($411M), Saudi Arabia ($218M), Oman ($167M), and Austria ($125M).
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).
Yemen has a high level of specialization in Documents of title (bonds etc) and unused stamps (220), Sheep Hides (154), Onions (71.4), Bran (69.7), and Honey (64.1). 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 Odoriferous substances and mixtures (including alcoholic solutions) with a basis of one or more of these substances, of a kind used as raw materials in industry; other preparations based on odoriferous substances, of a kind used for beverage manufacture (0.48), Generators for producer or water gas with or without their purifiers acetylene gas generators and similar water process gas generators, with or without their purifiers (0.34), Turbines; hydraulic water wheels and regulators therefor (0.15), Nickel; waste and scrap (-0.18), and Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols (-0.54). 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, were Cocoa Beans (0.099), Manganese Ore (0.098), Raw Cotton (0.097), Dried Legumes (0.095), and Fish Fillets (0.095). 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 a country currently specializes in.
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.
During the last 20 years Yemen's economy has become relatively less complex, moving from the nullth to the 113th 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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