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

News Image

By 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 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court


July 04, 2025 at 06:41 PM GMT+05:00

Govt domestic debt, liabilities nears Rs54tr in May



Top 5 things to watch in this week

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