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Expert: The Iraqis imported $32 million worth of American cars in 3 months
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Economy News - Baghdad
Economic expert Manar Al-Obeidi said, on Saturday, that American personal car exports to Iraq rose by 306% on a quarterly basis, and by 931% on an annual basis.
Al-Obeidi added, "The total number of cars exported to Iraq from America reached 1,021 cars in the first quarter of 2023, compared to only 99 cars in the first quarter of 2022."
He added, "The average value of imported cars also increased from $8,500 in the first quarter of 2022 to $32,000 per car in the first quarter of 2023."
He explained, "The value of American cars exported to Iraq in the first quarter of 2023 amounted to about $32 million, compared to $8.5 million in the first quarter of 2022."
And he indicated that "this increase is due to the increasing demand for American four-wheel drive cars in Iraq and the high market share of American cars at the expense of other types of other origins."
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Added 05/06/2023 - 12:12 PM
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Economy News - Baghdad
Economic expert Manar Al-Obeidi said, on Saturday, that American personal car exports to Iraq rose by 306% on a quarterly basis, and by 931% on an annual basis.
Al-Obeidi added, "The total number of cars exported to Iraq from America reached 1,021 cars in the first quarter of 2023, compared to only 99 cars in the first quarter of 2022."
He added, "The average value of imported cars also increased from $8,500 in the first quarter of 2022 to $32,000 per car in the first quarter of 2023."
He explained, "The value of American cars exported to Iraq in the first quarter of 2023 amounted to about $32 million, compared to $8.5 million in the first quarter of 2022."
And he indicated that "this increase is due to the increasing demand for American four-wheel drive cars in Iraq and the high market share of American cars at the expense of other types of other origins."
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53 views
Added 05/06/2023 - 12:12 PM
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