Petroleum import bill drops nearly 16% in May: SBP

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