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Increasing navigation activity leads to boost in exports
04
Feb '08
Yemen, a Middle Eastern country has seen a huge increase in its export earning last year. Their exports via the Aden seaport and airport reached approximately YER 27.8 billion in 2007 compared to 2.8 billion in 2006.

Experts believe that better infrastructure and rising navigation activity at the Aden sea and air terminals are responsible for country's export growth.

The items which are mainly exported include cotton and perfumes. The revenue of the custom office last year was YER 15.7 billion, showing a growth of 5 percent in comparison to 2006.

In the year 2006, the country earned the export of US $7.2 billion through crude petroleum and other products. The major markets included China, Thailand, India, South Korea, United States, and Switzerland.

On the other hand, Yemen imported petroleum related products and machinery goods worth $5 billion, during the same period. Major suppliers to the country were United Arab Emirates, China, Saudi Arabia, Switzerland and Kuwait.

To enhance country's position in the international market, an amount of $4.7 billion was raised during 2006, that is to be utilized between 2007 and 2010 for Yemen's development.


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