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Planning: a sharp decline in imports over the past year

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Planning: a sharp decline in imports over the past year

Ministry of Planning building
money and business
Economy News - Baghdad


On Sunday, the Ministry of Planning announced a sharp decline in imports over the past year.

In a statement received by Al-Iqtisad News, the official spokesman for the ministry, Abdul-Zahra Al-Hindawi, said that "the report prepared by the Central Statistics Agency showed that the total imports for the year 2020 of commodity materials and oil products amounted to $15.4 billion, equivalent to (18.4) trillion dinars. Iraqi, recording a decrease of (25.9%) compared to the year 2019 as it amounted to (29.9) billion dollars, equivalent to (24.8) trillion Iraqi dinars.

He added that "the percentage of decline compared to 2018 amounted to (58 percent), as it amounted to (37) billion dollars, which is equivalent to (43.8) trillion Iraqi dinars."

And he indicated that "the Corona epidemic started since the end of 2019, while the total imports of non-oil commodities for the year 2020 amounted to (13.8) billion dollars, equivalent to (16.5) trillion Iraqi dinars, recording a decrease of (23.2%) from the year 2019 where it amounted to (18.1) billion dollars, equivalent to (21.5) trillion Iraqi dinars, at the current exchange rate of the customs declaration.

Al-Hindawi added that "the total imports for the year 2020 of oil products amounted to (1.6) billion dollars, equivalent to (1.9 trillion) Iraqi dinars, with a decrease of (43.3%) compared to the year 2019 where it amounted to (2.8) billion dollars, equivalent to (3.3) trillion dinars. Iraqi".

Views 431 Date added 01/08/2021

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