Petroleum import bill surges to $1.25bn in December

January 17, 2025 (MLN): The import bill of the petroleum group increased to $1.25 billion in December 2025, marking an increase of 1.33% YoY compared to the import bill of $1.24bn recorded in December 2024, data released by the State Bank of Pakistan (SBP) showed.

Similarly, the imports of petroleum products increased by 44% MoM compared to the bill of $870.35 m in November 2024.

It is pertinent to mention that the overall import bill has risen by 15% YoY to $4.78m in December 2024.

Likewise on a monthly basis, imports have increased by 16.56% MoM compared to the imports worth $4.1bn recorded in November 2024.

Cumulatively in 6MFY25, total imports marked a rise of 9.33% YoY to $27.74 bn compared to imports of $25.38 bn in 6MFY24.

The share of petroleum products in the total import bill stood at 26.22% in December 2024.

In 6MFY25, the import bill of petroleum products went significantly down by 0.95% YoY to $7.28 bn against $7.35 bn recorded in the same period last year.

The second and third-highest imports were by the Agri. & Other Chemical and Food group worth $722.54 million and $710.36mn, respectively in the review month.

The country’s Agri. & Other Chemical group imports up by 8.8% to $722.54mn in December as compared to $664.07mn in the same period last year.

Similarly, on a monthly basis, the Agri. & Other Chemical group’s import increased by 3.65% compared to the import worth $697.1mn in November.

Under the group, other chemicals emerged as the dominant Agri. & Other Chemical import and stood at $388.81mn, down by 2.04% YoY.

Likewise, the import of plastic materials stood at $231.37mn, up by 25.04% YoY.

On a sequential basis, imports of other chemicals were up by 0.49% while the imports of plastic materials grew by 5.12%, respectively.

The import of the food group increased by 28.38% YoY and 25.28% MoM to clock in at $710.36mn.

Meanwhile, during 6MFY25, the imports for the same group showed a decline of 1.58% to clock in at $3.42bn.

The import bill associated with the machinery group clocked at $655.35mn, increased by 6.32% YoY and 11.16% MoM in December

Under the textile group, the country incurred an import expenditure worth $540.36mn during the review period, up by 119.1% YoY and 16% MoM.

With regards to the Metal group, the import bill posted a decline of 1.26% to $356.76mn in December 2024, against $361.34mn in December 2023.

This increase is attributed to a growth in imports of Iron and steel scrap that stood at $148.32mn compared to $130.39mn in December 2023, depicting an increase of 13.75%.

Comparison on a sequential basis reflects a decline of 10.28% compared to metal imports of $397.66mn in the previous month.

Cumulatively in 6MFY25, imports from the metal group went up by 8.26% to $24.3bn compared to imports of $2.25bn in 6MFY24

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