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

0:00

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 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,595.00 119,740.00
118,145.00
300.00
0.25%
BRENT CRUDE 73.31 73.52
71.75
0.80
1.10%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.14 70.35
68.45
0.93
1.34%
SUGAR #11 WORLD 16.51 16.58
16.37
-0.08
-0.48%

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