Yemen"s gemstones market, despite facing substantial economic challenges, presents intriguing potential as trade data reveals significant shifts. A stark contrast is evident when comparing 2015 to 2019: the export trade value of minerals plummeted from 312. 622 thousand USD to a mere 2. 095 thousand USD, highlighting a critical gap due to socio-economic instability. Conversely, import trade values for minerals and stone-glass products surged, indicating rising domestic demand despite local production setbacks. The import trade value of stone and glass products alone soared from 194,532 thousand USD in 2015 to 36,069 thousand USD in 2019. This dramatic increase underscores an opportunity for international exporters to tap into Yemen"s growing appetite for gemstones and related materials, such as agate, amber, and diamond. Furthermore, Yemen"s overall economic reliance on imports, as denoted by the ores and metals imports percentage, demonstrates a need for diversification and strategic partnerships.

Globally, the gemstones sector is seeing innovations in processing and marketing, a trend that Yemen could leverage by enhancing local capabilities and attracting foreign direct investment. However, the current negative net inflows of foreign direct investment, at -1. 69% of GDP in 2019, reflect a challenging investment climate. To overcome these barriers, Yemen could benefit from integrating renewable energy solutions to reduce operational costs and improve export competitiveness. Aritral. com, an AI-driven B2B platform, offers a strategic advantage for businesses aiming to navigate Yemen"s complex market. With services like Product Listing, Direct Communication, and AI-Powered Marketing, Aritral connects global suppliers with local buyers, facilitating smoother trade processes. Companies can leverage Aritral"s Profile Management to establish a robust presence in the Yemeni market, thereby aligning with the country"s increasing import demands and evolving economic landscape.