Petroleum import bill rises by 3.45% in Jan 2025

February 17, 2025 (MLN): The import bill of the petroleum group increased by 3.45% to $1.37 billion in January 2025, compared to $1.32bn recorded in January 2024, data released by the Pakistan Bureau of Statistics (PBS) showed.

Conversely, the imports of petroleum products fell by 12.31% compared to $1.56bn recorded in December 2024.

The share of petroleum products in the total import bill stood at 26.02% during the month.

In 7MFY25, the import bill of petroleum products went up by 21.06% to $5.17mn against $4.27mn recorded in the same period last year.

It is pertinent to mention that the overall import bill has increased by 10.87% YoY to $5.27bn in January 2025.

On a monthly basis, total imports declined by 1.59%, compared to imports worth $5.36bn in December 2024.

Cumulatively in 7MFY25, total imports increased by 7.08% to $33.07bn, compared to $30.89bn in 7MFY24.

The second and third-highest import categories were the Food Group and Agricultural & Other Chemicals Group, worth $804.23mn and $755.65mn, respectively, in January 2025.

The country’s food imports fell by 5.22% YoY to $804.23mn, compared to $764.31mn in the same period last year.

Similarly, on a monthly basis, the food group’s imports rise by 0.16%, compared to $802.94mn in December 2024.

Under the food group, palm oil emerged as the dominant food import, standing at $344.73mn, up by 54.39% YoY.

Likewise, the import of pulses fell by 26.03% YoY, reaching $100.45bn in January 2025.

On a sequential basis, palm oil imports increased by 16.94%, while the imports of pulses grew by 22.35%.

The imports of the agricultural and other chemicals group dropped by 9.94% YoY and 4.03% MoM, reaching $755.65mn.

Meanwhile, during 7MFY25, imports for the same group rose by 3.22%, totaling $5.24bn.

The import bill of the metal group stood at $421.52mn, reflecting a 21.09% YoY and 18.98% MoM raise in January 2025.

Under the textile group, the country incurred an import expenditure of $421.62mn, showing an increase of 95.78% YoY and 2.2% MoM.

Regarding the transport sector, the import bill rose by 58.04%, reaching $214.04mn in January 2025, compared to $135.43mn in January 2024.

This raise is attributed to a increase in the import of road motor vehicles, which stood at $200.67mn, compared to $118.02mn in January 2024, reflecting a 70.03% decline.

On a monthly basis, the transport import bill fell by 16.35%, compared to $183.96mn recorded in December 2024.

Cumulatively in 7MFY25, transport sector imports increased by 20.96%, reaching $1.18bn, compared to $975.84mn in 7MFY24.

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