Business

Volume of Trade Rises Between Yemen and Other Arab Countries

National Yemen

Yemen Coffee

By NY staff

The volume of trade between Yemen and other Arab countries rose last year to about 1.4 trillion YR, an increase of almost 583 billion YR from 2012.

According to the data issued by the Central Bureau of Statistics, the trade balance between Yemen and other Arab countries reached about 876 billion YR for the benefit of the Arab countries, up from 538 billion YR in 2012. The value of Yemen’s imports from other Arab countries last year was nearly 1.1 trillion YR, including various goods, metal products, machinery and equipment, clothing, fabrics, shoes, food, oils, and medicines.

The value of Yemen’s exports to those countries during the same year was more than 299 billion YR, including metal, fuel, oil products, coal, gas, agricultural commodities such as coffee, honey, and others.

The data stated that the value of exported products from United Arab Emirates to Yemen was 643.5 billion YR last year compared to 342 billion YR in the previous year, while the value of Yemen’s exports to United Arab Emirates was 75.6 billion YR, compared with 25.4 billion YR in the previous year.

The Saudi Arabia places second after United Arab Emirates in trade exchange with Yemen, where the value of Yemen’s imports from Saudi Arabia is more than 247 billion YR.

An economic analysis, conducted by specialized economic reports unit in Saudi Arabia, showed that Yemen came in fourth place after Egypt, Jordan and Morocco in trade exchange with Saudi Arabia.