flag Yemen Yemen: Trade Profile

Foreign Trade in Figures

Yemen's foreign trade, which once represented more than 80% of GDP, died out with the civil war reaching a mere 49% of GDP in 2018, according to World Bank, which has stopped releasing data on Yemen's trade since that date. According to OEC, in 2020 Yemen mostly exported crude petroleum, gold, non-fillet frozen and fresh fish, and industrial fatty acids, oils and alcohols. The main item of imports was wheat, followed by rice, iron bars, and cars.

Saudi Arabia was Yemen's top trading partner prior to the civil war, as it received more than 30% of its exports. According to the latest figures available from UN Comtrade, in 2019 Yemen’s main customers were Egypt (49.6%), Turkey (28%), Oman (10.5%), Eritrea (0.9%); whereas imports came chiefly from the UAE (24%), China (10.4%), Saudi Arabia (6.5%), Oman (5.5%), and Turkey (5.4%).

Yemen has a structurally negative trade balance as it needs to import most of its energy consumption, unlike most other countries in the region. According to data from the WTO, in 2020 Yemen exported USD 1.2 billion worth of goods (-16% year-on-year), while imports stood at USD 7.4 billion (-28.9% year-on-year). No data was released concerning trade in commercial services.

 
Foreign Trade Indicators 20162017201820192020
Imports of Goods (million USD) 6,7707,4658,21310,4077,399
Exports of Goods (million USD) 1,0001,6011,3581,4351,204
Imports of Services (million USD) n/a01,3511,8480
Exports of Services (million USD) n/a01792410
Trade Balance (million USD) -6,325n/an/an/an/a

Source: WTO – World Trade Organisation ; World Bank - Latest available data.

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Main Partner Countries

Main Customers
(% of Exports)
2019
Egypt 49.6%
Turkey 28.0%
Oman 10.5%
Eritrea 0.9%
Indonesia 0.7%
See More Countries 10.3%
Main Suppliers
(% of Imports)
2019
United Arab Emirates 24.0%
China 10.4%
Saudi Arabia 6.5%
Oman 5.5%
Turkey 5.4%
See More Countries 48.2%

Source: Comtrade, Latest Available Data

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Main Products

0.0 bn USD of products exported in 2019
Wheat or meslin flourWheat or meslin flour 62.7%
Cereal groats, meal and pelletsCereal groats, meal and pellets 33.5%
Residues of starch manufacture and similar...Residues of starch manufacture and similar residues, beet-pulp, bagasse and other waste of sugar manufacture, brewing or distilling dregs and waste, whether or not in the form of pellets 1.3%
Made up clothing accessories, knitted or...Made up clothing accessories, knitted or crocheted; knitted or crocheted parts of garments or of clothing accessories, n.e.s. 0.2%
Fibreboard of wood or other ligneous materials,...Fibreboard of wood or other ligneous materials, whether or not agglomerated with resins or other organic bonding agents (excl. particle board, whether or not bonded with one or more sheets of fibreboard; laminated wood with a layer of plywood; composite panels with outer layers of fibreboard; paperboard; furniture components identifiable as such) 0.2%
See More Products 2.1%
4.7 bn USD of products imported in 2019
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 28.3%
Wheat and meslinWheat and meslin 11.6%
Cane or beet sugar and chemically pure sucrose, in...Cane or beet sugar and chemically pure sucrose, in solid form 5.0%
Maize or cornMaize or corn 3.5%
RiceRice 3.0%
See More Products 48.6%

Source: Comtrade, Latest Available Data

 

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Trade Compliance

International Conventions
Member of World Trade Organisation
Party of the International Coffee Agreement 2007
International Economic Cooperation
The country is part of the Greater Arab Free Trade Area(GAFTA), a pact of the Arab League entered into force in January 2005 which aims to form an Arabic free trade area.
Useful Resources
Yemen Customs Authority
National Organisation of Intellectual Property
The General Department for Intellectual Property Protection.
 
 
 

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Latest Update: May 2022

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