On this page you will find beneficial information regarding foreign direct investment in / trading with Yemen. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 33 million (2021)
GDP: 21.06 billion USD (2021)
Corporate Tax Rate: 20%
Personal Income Tax Rate: 15%
Major Exports: Crude Petroleum ($1.06B), Scrap Iron ($81.5M), Non-fillet Fresh Fish ($79.7M), Gold ($72.7M), and Non-fillet Frozen Fish ($68.6M), exporting mostly to Thailand ($487M), China ($411M), Saudi Arabia ($218M), Oman ($167M), and Austria ($125M).
Major Imports: Refined Petroleum ($950M), Wheat ($840M), Raw Iron Bars ($550M), Cars ($406M), and Rice ($366M), importing mostly from China ($2.57B), Saudi Arabia ($2.07B), United Arab Emirates ($1.39B), Turkey ($1.1B), and Oman ($781M).