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Decline in Iraqi exports
Iraq 2024/09/17
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The Central Bank of Iraq announced yesterday, Monday, that Iraqi exports declined by 15.7% during the first quarter of this year.
The bank said in a report that "Iraq's commodity exports declined by 15.7% during the first quarter of this year to reach $23 billion and 474 million, compared to $27 billion and 847 million for the fourth quarter of last year."
He added that "Iraqi oil exports constituted 96.7% of total commodity exports for the first quarter of this year, recording a decline of 16.4% compared to the last quarter of the previous year. This decline is attributed to the decline in oil prices by
10.7%".
He pointed out that "exports of petroleum products, including naphtha, diesel and other products, constituted 2.7% of total exports in the first quarter of this year."
The bank indicated that "other commodity exports constituted a small percentage of
0.6% of total merchandise exports, the largest portion of which is focused on industrial equipment and some primary foods and beverages intended for family consumption.
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