Karachi, November 20, 2024 – Pakistan imported petroleum products worth $5.11 billion during the first four months (July–October) of the current fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS).
The imports of petroleum products represent a 1.68% increase compared to $5.03 billion recorded during the same period of the previous fiscal year.
Among petroleum commodities, the import of petroleum products declined by 18.89%, dropping from $2,161.831 million last year to $1,753.458 million during the period under review.
However, the import of petroleum crude increased by 16.80%, rising from $1,486.957 million to $1,736.712 million. Similarly, imports of liquefied natural gas (LNG) grew by 10.97%, from $1,176.718 million to $1,305.831 million, while imports of liquefied petroleum gas (LPG) surged by 56.03%, reaching $317.472 million compared to $203.463 million last year.
The imports of all other petroleum group products also saw a significant rise of 257.50%, increasing from $0.004 million to $0.0143 million.
On a year-on-year basis, the petroleum group imports decreased by 30.55% in October 2024, amounting to $1,060.601 million compared to $1,527.147 million in October 2023. On a month-on-month basis, petroleum imports also declined by 23.61%, from $1,388.420 million in September 2024.
It is worth noting that merchandise exports from Pakistan increased by 13.45% during the first four months of the current fiscal year compared to the corresponding period of the previous year. Exports during July–October 2024-25 were recorded at $10.880 billion, up from $9.590 billion during the same period in 2023-24, according to PBS data.
Conversely, imports into the country also rose by 5.17%, increasing from $16.977 billion last year to $17.854 billion during the first four months of the current fiscal year.
As a result, the trade deficit for the period under review narrowed by 5.59%, declining from $7.387 billion last year to $6.974 billion.
