International Trade in Yemen

International Trade in Yemen

The economy of Yemen is highly dependent on oil, which represents almost 70% of the government's income. The country registered an economic growth of around 8% in 2010, due to the beginning of the activity of exporting gas. Growth estimates for 2011 are of 3.5%. In addition to the... Read more

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Market Analyses About Yemen (3)

Import and Export Services in Yemen (103)

  • Bin-Shoelan Oilfield & Logistics Services

    Bin-Shoelan Oilfield & Logistics Services

    Third Party Logistics, Yemen

    Air freight Sea freight Land Transportation Customs Clearance Door to door services Project handling Commercial goods...
  • All Market Research Company (AMRC)

    All Market Research Company (AMRC)

    Process Outsourcing , Yemen

    • Qualitative interviewing (e.g. depth interviews and group discussion) • Quantitative surveys (e.g. F2F and phone...

Business Tips About Yemen (8)

Agents and Distributors in Yemen (6)

  • Tamimi Fisheries Co.

    Tamimi Fisheries Co.

    Export Management, Yemen

    Tamimi Fisheries Company is the leading seafood exporter from Yemen. The company specializes in the processing and export of fresh and...
  • AW SUNNY STEEL

    AW SUNNY STEEL

    Metal Sales and Distribution, Yemen

    sunnyofsteel at g m a i l c o m Excellent in nickel monel inconel incoloy hastelloy duplex stainless steel pipe tube flange flanges...

Overview About International Trade in Yemen

Economic Overview

The economy of Yemen is highly dependent on oil, which represents almost 70% of the government's income. The country registered an economic growth of around 8% in 2010, due to the beginning of the activity of exporting gas. Growth estimates for 2011 are of 3.5%.

In addition to the hydrocarbons, the country's economy depends on agriculture (14% of the GDP) and remittances from yemenian emigrants. However, the agricultural sector is currently very weak, given the desert country's considerable demand for water. Khat cultivation takes up a third of the country's cropland, while the cultivation of cereals fails to meet the needs of even a quarter of the population.

In order to improve the economic situation, the government has recently launched a program of economic reforms and governance, aiming to diversify its economy, to create jobs and to attract foreign investment. The main reforms undertaken concern the restructuring of fiscal spending and the consolidation of the banking sector and public finances through a reform of the tax system.

Yemen officially belongs to the list of  the "Heavily Indebted Poor Countries" (HIPC). More than one third of the population lives

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