Yemen Import Data

Yemen’s Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Yemen primarily trades with Saudi Arabia, the United Arab Emirates, and India.

• Imports: The top imports include foodstuffs (30%), fuels and lubricants (15%), and pharmaceutical products (10%).

• Exports: Major exports consist of crude oil (55%), coffee (10%), and fisheries products (5%).

• Trade Deficit: Yemen faces a significant trade deficit, largely due to high import needs and fluctuating oil export revenues.

• Policy Impact: Restrictive trade policies and ongoing conflict have hindered trade, impacting both imports and exports.

Domestic Market

• Consumer Spending: Consumer spending is constrained by high unemployment and economic instability.

• Inflation & Interest Rates: Inflation rates are high, exacerbated by the conflict, and interest rates are adjusted by the central bank to control monetary supply.

• Supply Chain Problems: Logistical challenges and port restrictions significantly impact supply chains, affecting both local industries and consumers.

• Industry Performance: The oil sector remains the backbone of the economy, but agriculture and fisheries show potential for growth with improved infrastructure.

Overall Outlook

Amidst ongoing challenges, Yemen's economy seeks resilience, aiming to diversify its export base and stabilize the domestic market through improved trade policies and infrastructure development.