Petroleum import bill records slight drop in April: SBP

May 16, 2025 (MLN): The import bill of the petroleum group decreased by 2.03% to $1.23 billion in April 2025, compared to $1.26bn recorded in April 2024, data released by the State Bank of Pakistan (SBP) showed.

Conversely, the imports of petroleum products rose by 10.5% MoM to $488.5 million compared to $442.04m recorded in March 2025.

In 10MFY25, the import bill of petroleum products was up by 5.33% to $5.17bn against $4.9bn recorded in the same period last year.

It is pertinent to mention that the overall import bill has increased by 17.37% YoY to $5.23bn in April 2025.

On a monthly basis, total imports rose by 5.9%, compared to imports worth $4.94bn in March 2025.

Cumulatively in 10MFY25, total imports increased by 11.7% to $48.62bn, compared to $43.5bn in 10MFY24.

The second and third-highest import categories were the Machinery and Agri, & Other Chemical Group, worth $791.7m and $789.6m, respectively, in April 2025.

The country’s Machinery imports were up by 4.23% YoY to $791.7m, compared to $759.5m in the same period last year.

Similarly, on a monthly basis, the Machinery group’s imports rose by 12.08%, compared to $706.3m in March 2025.

Under the Machinery group, Electrical Machinery & Apparatus emerged as the dominant Machinery import, standing at $357.25m, down by 1.44% YoY and increased by 31.38% MoM.

Likewise, the import of Telecom up by 13.08% YoY and increased by 0.48% MoM, reaching $166.6m in April 2025.

The imports of the Food group increased by 31.5% YoY and down by 11.09% MoM, reaching $649.54m.

Meanwhile, during 10MFY25, imports for the same group rose by 1.8%, totaling $6.28bn.

The import bill of the metal group stood at $484.53m, reflecting a 16.09% YoY and 1.18% MoM rise in April 2025.

Under the textile group, the country incurred an import expenditure of $547m, showing an increase of 38.33% YoY and down by 0.4% MoM.

Regarding the transport sector, the import bill rose by 108.77%, reaching $245.29m in April 2025, compared to $117.49m in April 2024.

This rise is attributed to an increase in the import of road motor vehicles, which stood at $233m, compared to $105m in April 2024, reflecting a 120.25% increase.

On a monthly basis, the transport import bill rose by 25%, compared to $196.17m recorded in March 2024.

Cumulatively in 10MFY25, transport sector imports increased by 25.25%, reaching $1.59bn, compared to $1.26bn in 10MFY24.

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