Yemen recorded a trade deficit of 7409.45 USD Million in 2018. Balance of Trade in Yemen averaged -1766.61 USD Million from 1970 until 2018, reaching an all time high of 1470.43 USD Million in 2000 and a record low of -9556.45 USD Million in 2014.

Balance of Trade in Yemen is expected to be -9771.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Yemen Balance of Trade is projected to trend around -7478.00 USD Million in 2020, according to our econometric models.

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Yemen Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-7409.45 -6651.64 1470.43 -9556.45 1970 - 2018 USD Million Yearly

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. .

Yemen Trade Last Previous Highest Lowest Unit
Balance of Trade -7409.45 -6651.64 1470.43 -9556.45 USD Million [+]
Current Account -579.00 -1532.00 1337.00 -2527.00 USD Million [+]
Current Account to GDP -0.01 -0.10 4.00 -8.80 percent [+]
Exports 495.65 420.54 7439.63 4.37 USD Million [+]
Imports 7905.10 7072.18 13293.29 80.80 USD Million [+]
Gold Reserves 1.60 1.60 1.60 1.56 Tonnes [+]
Terrorism Index 7.26 7.53 8.08 3.17 [+]
Crude Oil Production 46.00 61.00 466.29 11.00 BBL/D/1K [+]