[size=36]The lie of the non-rentier economy is revealed by a global economic website.. Iraq is a winner in 2020![/size]
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Economic data showed that the trade balance of most Arab countries last year was a loser, with the exception of 5 countries that depend on oil exports.
According to the data of the "ITC Trade" website, the trade balance is profitable for Saudi Arabia, Kuwait, Iraq, Bahrain and Qatar, as its exports exceeded imports.
Here is a table that includes foreign trade data for most Arab countries for the year 2020:
And the trade balance of any country is the difference between the value of exports and imports during a certain period of time. If the value of imports exceeds exports, this means that there is a deficit in the trade balance, and if there is an increase in exports and a decrease in imports here, the country has a trade surplus. Ended 29/A43