Petroleum import bill declines by 1.24% to $1.4bn in Nov

By MG News | December 18, 2024 at 01:09 PM GMT+05:00
December 18, 2024 (MLN): The import bill of the petroleum group decreased by 1.24% to $1.40 billion in November 2024, compared to the import bill of $1.42bn recorded in November 2023, data released by the Pakistan Bureau of Statistics (PBS) showed.
Conversely, the imports of petroleum products rose by 32.7% compared to the bill of $1.06bn in October 2024.
The share of petroleum products in the total import bill stood at 31.14% during the month.
In 5MFY25, the import bill of petroleum products went up by 1.04% to $6.52bn against $6.45bn recorded in the same period last year.
It is pertinent to mention that the overall import bill has decreased by 0.15% YoY to $4.51bn in November.
While on a monthly basis, total imports have declined by 1.08% compared to the imports worth $4.56bn recorded in October 2024.
Cumulatively in 5MFY25, total imports jumped 4.48% to $22.46bn compared to imports of $21.5bn in 5MFY24.
The second and third-highest imports were by the Food and Agri. & Other Chemical Group, worth $652.63 million and $633.96mn, respectively in the review month.
The country’s food imports went down by 8.96% to $652.63mn in November as compared to $716.83mn in the same period last year.
Similarly, on a monthly basis, the food group’s import decreased by 3.04% compared to the import worth $673.10mn in October.
Under the group, Palm Oil emerged as the dominant food import and stood at $235.59mn, up by 11.69% YoY.
Likewise, the import of Pulses rose by 32.84% YoY to clock in at $108.63mn in the review month.
On a sequential basis, imports of Palm Oil dropped by 14.74% while the imports of Pulses grew by 16.1%, respectively.
The import of agricultural and other chemicals decreased by 7.21% YoY and 21.9% MoM to clock in at $633.96mn.
Meanwhile, during 5MFY25, the imports for the same group showed a rise of 4.77% to clock in at $3.7bn.
The import bill associated with the metal group clocked at $352.8mn, decreased by 11.04% YoY and 12.3% MoM in November.
Under the Textile Group, the country incurred an import expenditure worth $354.91mn during the review period, up by 64.01% YoY and 2.28% MoM.
With regards to the transport sector, the import bill posted a decline of 8.6% to $140.08mn in November 2024, against $153.24mn in November 2023.
This increase is attributed to a growth in imports of road motor vehicles that stood at $125.81mn compared to $146.2mn in November 2023, depicting a decline of 13.94%.
Comparison on a sequential basis reflects a decline of 13.38% compared to transport imports of $161.72mn in the previous month.
Cumulatively in 5MFY25, imports from the transport sector went up by 19.21% to $785.47mn compared to imports of $658.87mn in 5MFY24.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 131,008.90 48.03M |
0.25% 322.24 |
ALLSHR | 81,542.24 253.55M |
0.29% 236.99 |
KSE30 | 40,058.09 24.44M |
0.28% 112.64 |
KMI30 | 191,081.84 28.04M |
0.20% 383.78 |
KMIALLSHR | 55,117.70 122.96M |
0.08% 43.54 |
BKTi | 34,835.86 3.80M |
0.77% 267.46 |
OGTi | 28,559.84 2.27M |
-0.62% -179.51 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 109,825.00 | 110,525.00 109,600.00 |
-590.00 -0.53% |
BRENT CRUDE | 68.61 | 68.89 68.42 |
-0.19 -0.28% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
-0.75 -0.76% |
ROTTERDAM COAL MONTHLY | 108.45 | 109.80 108.45 |
-0.55 -0.50% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.90 | 67.18 66.72 |
-0.10 -0.15% |
SUGAR #11 WORLD | 16.37 | 16.40 15.44 |
0.79 5.07% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|