Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Pakistani army: 6 soldiers and 7 militants killed in clash near the Afghan border
Israeli media: Sirens sound in the settlement of Kerem Shalom in the Gaza envelope area
Afghan source to Al Mayadeen: We still believe in dialogue and prioritize diplomatic solutions with Pakistan; though we are ready for all possibilities.
Afghan source to Al Mayadeen: Pakistan purposely obstructed negotiations in Turkey by making unrealistic demands.
Al Mayadeen's correspondent: More than 70 martyrs in Israeli attacks on Gaza since dawn.
Death toll from latest Israeli strikes on Gaza rises to 30
Al Mayadeen's correspondent: Five killed in the Israeli bombing of a civilian vehicle on Al-Qassam Street in Khan Younis, south of the Gaza Strip
Hamas confirms that it has no connection to the shooting incident in Rafah and affirms its commitment to the ceasefire agreement
Al Mayadeen's correspondent: Two civilians were killed and four others, including a child and an infant, were injured in an Israeli bombing of a house belonging to the Al-Banna family in the al-Sabra neighborhood, south of Gaza City
Al Mayadeen's correspondent: An Israeli airstrike targets the vicinity of Al-Shifa Medical Complex, west of Gaza City

Sanaa: Over $64 billion in Yemeni trade losses during war years

  • By Al Mayadeen English
  • Source: Agencies + Al Mayadeen Net
  • 19 Dec 2022 12:18
  • 3 Shares
3 Min Read

The Yemeni Ministry of Trade and Industry reveals that the total damages and losses incurred by Yemeni foreign trade exceeded the threshold of $64 billion between 2015 and 2021.

  • x
  • Billions worth of losses as US-backed Saudi-led coalition of aggression continues its air and maritime embargo against Yemen.
    Billions worth of losses as the US-backed Saudi-led coalition of aggression continues its air and maritime blockade against Yemen

A recent report issued by the foreign trade sector at the Ministry of Industry and Trade in the Yemeni capital, Sanaa, revealed that the total damages and losses suffered by Yemeni foreign trade amounted to $64.7 billion during the period from 2015 to the end of 2021.

According to the study, the losses included losses in oil and gas revenues, as well as losses in oil export revenues and losses in service export revenues.

The report added that Yemen's imports of goods during the year 2021 amounted to $10.813 billion, distributed across various food and consumer commodities, as well as medicines, medicinal supplies, oil derivatives, and other materials.

According to the data, food products topped the list of imports with a value of $3.592 billion, followed by consumer products at a value of $1.944 billion.

With a total value of $1.410 billion, imports of oil derivatives were ranked third, while the remainder of imports were spread among medications, medical supplies, fertilizers, building materials, and others.

According to the research, Yemen imports up to 85% of its fundamental needs for food, consumables, and pharmaceuticals from outside, with an annual value surpassing $5 billion.

Related News

Sanaa rejects Aden's allegations of detaining a Yemeni jet: Exclusive

Two Yemeni citizens killed by Saudi-led coalition shelling in Saada

The data revealed that the value of Yemeni commodity exports declined between 2015 and 2021 when compared to the value of commodity exports in 2014.

Food and oil derivative imports make up over 60% of total Yemeni merchandise imports each year, while other products make up the remaining 40%.

Most significant challenges are due to blockade

The report examined the overall challenges and losses suffered by importers since the beginning of the US-backed Saudi-led aggression on Yemen in March 2015.

Many Yemeni importers faced large losses as a consequence of their inability to transport and import items purchased from foreign companies, some of which were already prepared and ready for transportation in the respective countries' export ports.

On the other hand, some products reportedly approached Yemeni ports but were not permitted to enter and thus, remained there for an extended period of time, subjecting Yemeni merchants to significant losses in the form of expenses and delay fees, as well as risking damage to some products given their sensitivity.

According to the report, the most significant challenges and hurdles to Yemeni international commerce include the persistent maritime and air embargo commissioned by the aggression coalition against Yemen.

These obstacles have resulted in international shipping companies' reluctance to export goods to Yemeni ports, high transportation and insurance costs for the goods, and a near-complete cessation of Yemen's foreign exchange revenues, as well as a decline in remittances from expatriates and financial transfers from abroad.

Read more: If US insists on aggression, Yemen will respond accordingly: Exclusive

  • Saudi Aggression on Yemen
  • Saudi-led coalition
  • Yemen
  • Maritime and air embargo

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025
What Marr evidently didn't seem to understand was that Hedges isn't saying that Western journalists manipulate the truth, but that they systematically amplify Israeli narratives they know are false. (Al Mayadeen English; Illustrated by Batoul Chamas)

Western journalists know they have a case to answer for their betrayal of Gaza, and it frightens them

  • Opinion
  • 24 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Saudi's PIF refocuses on AI, logistics, and religious tourism
Economy

Saudi Arabia's fund refocuses on AI, logistics, and religious tourism

Detained Bahraini activist al-Khawaja starts new hunger strike.
Politics

Detained Bahraini activist al-Khawaja starts new hunger strike

Israel fortifies Gaza’s "yellow line," prepares to dig in.
Politics

'Israel' fortifies Gaza’s 'yellow line,' prepares to dig in: WSJ

President Donald Trump speaks to reporters aboard Air Force One as he travels from Tokyo, Japan, to South Korea, on October 29, 2025. (AP Photo/Mark Schiefelbein)
Asia

Trump’s weak dollar strategy risks global fallout: Forbes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS