Petroleum imports dip nearly 25% YoY in June: SBP

July 21, 2025 (MLN): The import bill of the petroleum group decreased by 24.8% to $1.1 billion in June 2025, compared to $1.45bn recorded in June 2024, data released by the State Bank of Pakistan (SBP) showed.

Conversely, the imports of petroleum products fell by 25.4% MoM to $362.9 million compared to $486.7m recorded in May 2025.

In 12MFY25, the import bill of petroleum products was up by 0.45% to $6.02bn against $5.99bn recorded in the same period last year.

It is pertinent to mention that the overall import bill has increased by 7.5% YoY to $4.98bn in June 2025.

On a monthly basis, total imports fell by 8.9%, compared to imports worth $5.47bn in May 2025.

Cumulatively in 12MFY25, total imports increased by 11.13% to $59.07bn, compared to $53.15bn in 12MFY24.

The second and third-highest import categories were the Agri, & Other Chemical Group and Machinery, worth $734.2m and $775.17m, respectively, in June 2025.

The country’s Machinery imports were up by 18.18% YoY to $734.2m, compared to $621.2m in the same period last year.

Similarly, on a monthly basis, the Machinery group’s imports fell by 21.09%, compared to $930.48m in May 2025.

Under the Machinery group, Electrical Machinery & Apparatus emerged as the dominant Machinery import, standing at $294.8m, up by 29.8% YoY and decreased by 24.8% MoM.

Likewise, the import of Telecom down by 26.16% YoY and decreased by 38.77% MoM, reaching $111.2m in June 2025.

The imports of the Food group increased by 63.9% YoY and up by 1.6% MoM, reaching $691.92m.

Meanwhile, during 12MFY25, imports for the same group rose by 7.7%, totaling $7.66bn.

The import bill of the metal group stood at $381.63m, reflecting decrease of 20.5% YoY and 13.9% MoM rise in June 2025.

Under the textile group, the country incurred an import expenditure of $463m, showing an increase of 30.9% YoY and down by 14.8% MoM.

Regarding the transport sector, the import bill rose by 30.1%, reaching $246.7m in June 2025, compared to $189.46m in June 2024.

This rise is attributed to an increase in the import of road motor vehicles, which stood at $211m, compared to $137m in June 2024, reflecting a 53.6% increase.

On a monthly basis, the transport import bill fell by 21.9%, compared to $316.08m recorded in May 2025.

Cumulatively in 12MFY25, transport sector imports increased by 33.1%, reaching $2.15bn, compared to $1.62bn in 12MFY24.

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