Trade Trend

In 2023, Yemen's total export value is 468.25Million USD, total import value is 8.45Billion USD, Deficit is -7.98Billion USD. In 2023，Yemen's top export products are Ferrous waste and scrap; remelting scrap ingots of iron or steel(94.44Million USD), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process(75.54Million USD), Electrical and electronic waste and scrap(58.99Million USD), top export destinations are India(181.89Million USD), Malaysia(52.91Million USD), Egypt(37.82Million USD). In 2023, Yemen's top import products are Wheat and meslin(561.72Million USD), Rice(462.29Million USD), Iron or nonalloy steel; bars and rods, not further worked than forged, hotrolled, hot drawn or hotextruded, but including those twisted after rolling(455.00Million USD), top import origins are China(2.68Billion USD), Turkey(903.60Million USD), India(842.40Million USD).

Comparing to 2022, Yemen's total export value decreased -1.36Billion USD(-74.35%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-1.14Billion USD or -100.00%), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(-50.86Million USD or -99.97%), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(-22.71Million USD or -36.20%) and export decreases to countries/economics such as China(-616.34Million USD or -97.33%), Thailand(-381.75Million USD or -93.83%), India(-76.34Million USD or -29.56%). Comparing to 2022, Yemen's total import value decreased -946.21Million USD(-10.07%) in 2023, this could result from its import decreases of products such as Wheat and meslin(-438.36Million USD or -43.83%), Wheat or meslin flour(-168.53Million USD or -66.90%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-71.54Million USD or -78.85%), and its import decreases from countries/economies such as India(-230.49Million USD or -21.48%), United States(-199.49Million USD or -52.74%), Turkey(-198.47Million USD or -18.01%).

Cumulated to first 6 months of 2024, Yemen's total export value is 155.69Million USD, total import value is 2.49Billion USD, and tradedeficit is -2.33Billion USD. Cumulated to first 6 months of 2024, Yemen's top export products are Ferrous waste and scrap; remelting scrap ingots of iron or steel(42.44Million USD), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process(20.97Million USD), Copper; waste and scrap(18.68Million USD), and top export destinations are India(66.23Million USD), South Korea(15.96Million USD), Malaysia(15.23Million USD). Cumulated to first 6 months of 2024, Yemen's top import products are Ferrous waste and scrap; remelting scrap ingots of iron or steel(42.44Million USD), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process(20.97Million USD), Copper; waste and scrap(18.68Million USD), and top import origins areChina(868.41Million USD), India(332.62Million USD), Australia(245.35Million USD).