Pakistan’s Oil Import Bill and Import Trends for FY25 H1

Pakistan’s oil import bill grew marginally by one percent year-on-year during the first half of the current fiscal year, reaching eight point zero eight billion dollars, as reported by the Pakistan Bureau of Statistics.

Crude oil imports rose by three point zero three percent in value and sixteen point one five percent in quantity, totaling four point nine eight million tonnes compared to four point two nine million tonnes during the same period last year. In contrast, the import cost of petroleum products fell by seven percent despite an eight point three eight percent rise in quantity, reaching five point two four million tonnes. Imports of liquefied natural gas increased by one point nine five percent, while liquefied petroleum gas imports surged by fifty-four point one five percent.

Overall imports grew by six point five two percent to twenty-seven point eight four billion dollars during the period, driven by increases in raw materials, machinery, and agricultural products.

Machinery imports rose by fifteen point six nine percent to four point one seven billion dollars from three point six one billion dollars in the same period last year. Textile machinery saw the highest growth at fifty-three point nine percent, followed by electrical machinery and apparatus at thirty-one point two seven percent and construction machinery at fifty-three point zero six percent.

The telecommunication sector experienced a slight decline of one point three three percent, largely due to a seven point four six percent drop in mobile phone imports linked to higher tax rates.

Transport sector imports grew by fifteen point eight one percent, driven by increased imports of Completely Knocked Down and Semi-Knocked Down vehicles as well as Completely Built-Up vehicles.

In the agriculture sector, fertilizer imports rose by thirty-nine point eight three percent, medicinal products by sixteen point seven five percent, and plastic materials by six point five one percent. However, insecticide imports fell by twenty-nine point nine five percent during this period.

Metal imports grew by five point one four percent, driven by an increase in iron and steel scrap imports. These trends reflect the contributions of various sectors to Pakistan’s overall import growth during the first half of the fiscal year twenty twenty-five.