Growth of Yemen’s exports to Asianand Arab markets [Archives:2004/750/Business & Economy]

June 28 2004

Mahyoub Al-Kamaly
There has been a substantial growth in Yemen's exports to Asian and Arab markets in many various commodities and products. Products and commodities such as fish, honey, coffee, vegetables, fruits, cigarettes and medicines are the main articles of exports.
Figures issued by the ministry of planning and international cooperation mention that the total value of Yemeni exports to Asian and Arab markets IN 2002 amounted to YR 551.4 billion with a growth amount of YR 103.1 compared to the previous year.
Yemeni exports of to non-Arab Asian markets occupied the first place out of the total exports reaching a proportion of 80.5%. Yemen markets its exports of oil, leather, scraps, coffee and fish to China, Thailand, India, South Korea, Singapore, Philippines, Malaysia, and Japan.
Arab countries come in the second place of Yemeni exports by a rate of 12.5% and the main commodities exported to them are fish, honey, coffee, vegetables, fruits, cigarettes and medicines. As for the American countries, they occupy the third place for Yemeni exports by a proportion of 1.7% and Yemen's exports to them have in 2003 risen to YR 11.764 million. The United States of America is considered the most important of the countries that especially import from Yemen the oil, fish and coffee.
The European group comes in the fourth place as the proportion of Yemen's exports to its members has amounted to 2.6% with a value of YR 12.825 million. The fifth place in Yemeni exports is taken by African countries by a proportion of 1.2% with a value of YR 7.909 million.
However, Yemen imports from Arab countries the highest rates of imported goods by a rate of 41.3%. The more important countries Yemen imports from are the United Arab Emirates, Saudi Arabia, Kuwait, Oman, Egypt and Jordan. Concerning Yemen imports from other countries, the Asian countries occupy the second place, the European group the third, and the American countries the fourth.
Data mention that the balance of trade between Yemen and other groups is tilted in favour of those countries and the Yemeni government is still planning to increase its external exports.