Yemen recorded a trade deficit of 8693.91 USD Million in 2019. source: Central Bank of Yemen

Balance of Trade in Yemen averaged -1462.22 USD Million from 1970 until 2019, reaching an all time high of 1700.30 USD Million in 2005 and a record low of -9556.45 USD Million in 2014. This page provides - Yemen Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Yemen Balance of Trade - values, historical data and charts - was last updated on September of 2021.

Balance of Trade in Yemen is expected to reach -7477.85 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Yemen Balance of Trade is projected to trend around -9228.00 USD Million in 2022 and -7478.00 USD Million in 2023, according to our econometric models.

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Yemen Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-8693.91 -7409.45 1700.30 -9556.45 1970 - 2019 USD Million Yearly

Yemen Trade Last Previous Highest Lowest Unit
Balance of Trade -8693.91 -7409.45 1700.30 -9556.45 USD Million [+]
Current Account -900.00 -500.00 1336.60 -2527.40 USD Million [+]
Current Account to GDP -0.01 -0.10 4.00 -8.80 percent of GDP [+]
Imports 4759.10 4720.18 13292.25 80.80 USD Million [+]
Exports 34.08 27.07 7441.70 4.37 USD Million [+]
Gold Reserves 1.56 1.60 1.60 1.56 Tonnes [+]
Terrorism Index 7.58 7.26 8.08 3.17 [+]
Crude Oil Production 65.00 65.00 466.00 12.00 BBL/D/1K [+]

Yemen Balance of Trade
Oil accounts for around 85 percent of Yemen's exports. Other exports include fish, naphthalene, cigarettes, fruits, soap and animal hides. Yemen mostly imports fuels, wheat and corn, rice, meat, pharmaceutical products, sugar and vehicles. Yemen's main trading partners are China, India, the United Arab Emirates, Thailand, Saudi Arabia, the United States, the United States and Switzerland.