Mineral products import bill clocks in at $1.3bn in Feb

March 17, 2026 (MLN): The import bill of the Mineral Products group (Petroleum) stood at $1.31 billion in February 2026, marking a decrease of 12.71% YoY compared to the $1.50bn recorded in February 2025, according to data released by the State Bank of Pakistan (SBP).

On a monthly basis, imports of the group saw an increase of 1.85% MoM compared to the $1.28bn recorded in January 2026. Within this category, 

Mineral Fuels and Oils (HS Code 27) accounted for the bulk of the expenditure at $1.29bn, up 3.65% from the previous month.

Conversely, the Chemical or Allied Industries group witnessed a significant contraction on a monthly basis.

The group’s imports fell to $473.28 million in February, representing a 25.8% MoM decline from $637.87m in January.

This sharp drop was primarily driven by Fertilizers, which plummeted to $10.50m from $99.15m in the prior month—an 89.4% MoM crash.

Vegetable Products recorded a robust performance, with imports surging to $427.86 million in February. This marks a 28.45% YoY increase and a 17.63% MoM rise.

The primary driver for this growth was Oil Seeds and Oleaginous Fruit, which jumped by 58.5% MoM to $245.06m, up from $154.62m in January.

However, Cereals imports witnessed a sharp decline, falling to $7.33m from $25.24m in January.

Under the Animal or Vegetable Fats category, the import bill stood at $357.11 million in February 2026, down 13.01% MoM compared to $410.53m in January.

The Prepared Foodstuffs group also saw a monthly decline of 26.51%, clocking in at $45.71m compared to $62.21m in the previous month.

This was largely due to a significant reduction in the imports of Cocoa and Cocoa Preparations, which fell to $6.40m from $12.16m in January.

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