Petroleum import bill drops nearly 16% in May: SBP

News Image

MG News | June 18, 2025 at 12:06 AM GMT+05:00

0:00

June 18, 2025 (MLN): The import bill of the petroleum group decreased by 15.8% to $1.14 billion in May 2025, compared to $1.36bn recorded in May 2024, data released by the State Bank of Pakistan (SBP) showed.

Conversely, the imports of petroleum products fell by 22.2% MoM to $486.7 million compared to $626.1m recorded in April 2025.

In 11MFY25, the import bill of petroleum products was up by 2.2% to $5.65bn against $5.53bn recorded in the same period last year.

It is pertinent to mention that the overall import bill has increased by 9.2% YoY to $5.47bn in May 2025.

On a monthly basis, total imports rose by 4.8%, compared to imports worth $5.22bn in April 2025.

Cumulatively in 11MFY25, total imports increased by 11.47% to $54.08bn, compared to $48.52bn in 11MFY24.

The second and third-highest import categories were the Machinery and Agri, & Other Chemical Group, worth $930.48m and $800.04m, respectively, in May 2025.

The country’s Machinery imports were up by 9.65% YoY to $930.48m, compared to $848.58m in the same period last year.

Similarly, on a monthly basis, the Machinery group’s imports rose by 16.7%, compared to $796.68m in April 2025.

Under the Machinery group, Electrical Machinery & Apparatus emerged as the dominant Machinery import, standing at $392.1m, up by 6.23% YoY and increased by 9.7% MoM.

Likewise, the import of Telecom down by 12.1% YoY and increased by 9.05% MoM, reaching $181.65m in May 2025.

The imports of the Food group increased by 32.6% YoY and up by 4.77% MoM, reaching $680.57m.

Meanwhile, during 11MFY25, imports for the same group rose by 4.17%, totaling $6.96bn.

The import bill of the metal group stood at $477.38m, reflecting a 2.7% YoY and 1.4% MoM fall in May 2025.

Under the textile group, the country incurred an import expenditure of $543.8m, showing an increase of 7.7% YoY and down by 0.66% MoM.

Regarding the transport sector, the import bill rose by 89.9%, reaching $316.08m in May 2025, compared to $166.44m in May 2024.

This rise is attributed to an increase in the import of road motor vehicles, which stood at $276m, compared to $157.8m in May 2024, reflecting a 74.8% increase.

On a monthly basis, the transport import bill rose by 29.6%, compared to $243.8m recorded in April 2025.

Cumulatively in 11MFY25, transport sector imports increased by 33.5%, reaching $1.91bn, compared to $1.43bn in 11MFY24.

 Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,785.00 119,660.00
117,255.00
2045.00
1.75%
BRENT CRUDE 68.21 69.09
67.89
-0.50
-0.73%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.93 67.01
65.59
-0.59
-0.89%
SUGAR #11 WORLD 16.44 16.65
16.43
-0.12
-0.72%

Chart of the Day


Latest News
July 16, 2025 at 05:45 PM GMT+05:00

PM pushes for digital, International-Standard education


July 16, 2025 at 05:09 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 16, 2025 at 04:06 PM GMT+05:00

PSX Closing Bell: On the Rise


July 16, 2025 at 03:54 PM GMT+05:00

MTL expected to climb to Rs650/share by Dec 2025


July 16, 2025 at 03:52 PM GMT+05:00

PKR falls 29 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg