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

News Image

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 185,372.21
314.71M
0.46%
851.25
ALLSHR 111,991.85
808.33M
0.65%
718.12
KSE30 55,404.49
93.15M
0.58%
321.30
KMI30 262,585.95
95.11M
0.49%
1271.44
KMIALLSHR 72,124.09
476.70M
0.59%
425.45
BKTi 52,005.70
31.68M
0.63%
324.75
OGTi 37,895.90
20.70M
1.63%
608.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,710.00 63,105.00
61,420.00
1055.00
1.71%
BRENT CRUDE 71.94 72.49
71.30
0.14
0.20%
RICHARDS BAY COAL MONTHLY 107.50 0.00
0.00
-0.50
-0.46%
ROTTERDAM COAL MONTHLY 122.40 122.75
120.45
1.30
1.07%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 68.78 69.26
68.08
0.09
0.13%
SUGAR #11 WORLD 14.81 15.17
14.81
-0.18
-1.20%

Chart of the Day


Latest News
July 04, 2026 at 01:25 PM GMT+05:00

Weekly Market Roundup


July 04, 2026 at 01:21 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 04, 2026 at 12:29 PM GMT+05:00

SECP eases rules for Apna Ghar loans


July 04, 2026 at 11:56 AM GMT+05:00

SECP, PSX hold broker compliance webinar


July 04, 2026 at 01:14 AM GMT+05:00

Petrol, diesel prices reduced by Rs1.97 per litre



Top 5 things to watch in this week

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