Iraq’s imports increase in 2024, Central Bank reports

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Iraq's imports increase in 2024, Central Bank reports

Iraq’s imports climbed notably in 2024, in keeping with a file by means of the imperative financial institution of Iraq.

The financial institution’s financial report revealed that the united states of america’s imports surged by means of 158.1% within the first area of 2024 compared to the same period ultimate 12 months.

The file additionally confirmed a 32% upward push in imports from Turkiye at some stage in the primary area of 2024, setting it as the second-largest exporter of fruits and vegetables to Iraq.

moreover, capital items imports saw a massive boom of 294.7%, whilst purchaser items imports rose with the aid of 93%.

on the other hand, imports of petroleum products decreased with the aid of eight.1%, and imports related to authorities supplies and printing fell sharply through ninety three.7% and eighty one.three%, respectively.