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Shafaq News/ The Iraqi Ministry of Planning announced, on Monday, an increase in the country's total exports by 112.7% for the year 2021, while a financial expert described those non-oil exports as "shameful."
The Ministry's Central Statistics Agency said in a report seen by Shafak News Agency, "The total exports of crude oil, petroleum products and commodity materials amounted to 121.6 trillion dinars for the year 2021, equivalent to 83.8 billion US dollars, an increase of 112.7% over the year 2020, when it amounted to 57.1 trillion dinars. The equivalent of 47.9 billion US dollars.
He added that "the value of crude oil exports amounted to 109.7 trillion dinars for the year 2021, equivalent to 75.7 billion dollars, an increase of 120.8 percent over the year 2020, which amounted to 49.7 trillion dinars, equivalent to 41.8 billion dollars."
He pointed out that "the value of exports of oil products amounted to 5.8 trillion dinars for the year 2021, equivalent to 4 billion dollars, recording an increase of 105.5% from the year 2020, where the value of exports of oil products reached 2.8 trillion dinars, equivalent to 2.4 billion."
She explained that "the value of merchandise exports amounted to 6.1 trillion dinars for the year 2021, equivalent to 4.2 billion dollars, recording an increase of 31% over the year 2020, which amounted to 4.6 trillion dinars, or the equivalent of 3.8 billion dollars."
For his part, the financial expert, Muhammad Al-Hasani, confirmed to Shafaq News Agency, "The rise in Iraqi exports for the past year came as a result of the rise in global oil prices to exceed $100, in addition to the increase in Iraq's production of crude oil."
He added that "Iraq's non-oil exports are very few, which means that the country's economy is rentier," describing it as "shameful", given the lack of these exports, which amounted to only 4 billion dollars.
He pointed out that "any of the neighboring countries that lack natural resources, its exports amount to several times what Iraq exports," noting that "Iraq has an opportunity now to restore the infrastructure of its suspended factories and factories, taking advantage of the financial abundance resulting from the high oil prices that may not be available to us." This abundance in the coming period, given that oil prices are subject to global economic fluctuations."
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"Shameful"... Iraq's total exports increased by 112.7% for the year 2021
Shafaq News/ The Iraqi Ministry of Planning announced, on Monday, an increase in the country's total exports by 112.7% for the year 2021, while a financial expert described those non-oil exports as "shameful."
The Ministry's Central Statistics Agency said in a report seen by Shafak News Agency, "The total exports of crude oil, petroleum products and commodity materials amounted to 121.6 trillion dinars for the year 2021, equivalent to 83.8 billion US dollars, an increase of 112.7% over the year 2020, when it amounted to 57.1 trillion dinars. The equivalent of 47.9 billion US dollars.
He added that "the value of crude oil exports amounted to 109.7 trillion dinars for the year 2021, equivalent to 75.7 billion dollars, an increase of 120.8 percent over the year 2020, which amounted to 49.7 trillion dinars, equivalent to 41.8 billion dollars."
He pointed out that "the value of exports of oil products amounted to 5.8 trillion dinars for the year 2021, equivalent to 4 billion dollars, recording an increase of 105.5% from the year 2020, where the value of exports of oil products reached 2.8 trillion dinars, equivalent to 2.4 billion."
She explained that "the value of merchandise exports amounted to 6.1 trillion dinars for the year 2021, equivalent to 4.2 billion dollars, recording an increase of 31% over the year 2020, which amounted to 4.6 trillion dinars, or the equivalent of 3.8 billion dollars."
For his part, the financial expert, Muhammad Al-Hasani, confirmed to Shafaq News Agency, "The rise in Iraqi exports for the past year came as a result of the rise in global oil prices to exceed $100, in addition to the increase in Iraq's production of crude oil."
He added that "Iraq's non-oil exports are very few, which means that the country's economy is rentier," describing it as "shameful", given the lack of these exports, which amounted to only 4 billion dollars.
He pointed out that "any of the neighboring countries that lack natural resources, its exports amount to several times what Iraq exports," noting that "Iraq has an opportunity now to restore the infrastructure of its suspended factories and factories, taking advantage of the financial abundance resulting from the high oil prices that may not be available to us." This abundance in the coming period, given that oil prices are subject to global economic fluctuations."
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