Petroleum import bill drops nearly 16% in May: SBP

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.

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