Yemeni exports in 2002 stronger than the year before [Archives:2003/682/Business & Economy]

October 30 2003

Sana’a, Nov. 1 – Statistics have recently confirmed that Yemeni exports have amounted, in 2002, to YR 585 billion against YR 568 billion in 2001, an increase of YR 17 billion.
The oil as well as derivatives exports are among the lead exports, which reached 530YR billion. Then fish, agricultural, industrial and other exports come next.
The oil exports have been ranging from 90 to 96 percent during 1998 and 2002.
While the other exports which have been stated above have been ranging from 4 to 8 per cent.
This reflects a sharp structural malfunction of the foreign trade, which entails exerting more strenuous efforts to diversify the income resources and to increase non-oil exports value such as, investing properly the fish wealth and agriculture and other resources.
An economic study has also placed a stress on the necessity to work harder and overcome all difficulties in front of the non-oil materials.
Official statistics indicate that some of the non-Arab Asian countries are the first countries to import Yemeni exports, then the Arab countries and other European Union countries.