According to the Pakistan Bureau of Statistics, Pakistan’s petroleum group imports fell 60.54 percent month on month (MoM) in July to $1.436 billion, down from $3.639 billion in June 2022. (PBS) Petroleum category imports increased 7.96 percent year on year (YoY) to $1.330 billion in July 2021 from $1.330 billion in July 2021.
Petroleum products experienced 64.43 percent negative growth on a month-to-month basis, reaching $728.081 million in June 2022, compared to $2.046 billion in June 2022. Imports of petroleum products risen by 12.45 percent year on year to $647.467 million in July 2021.
Petroleum crude imports fell 48.6 percent year on year, to $431.103 million in June 2022, from $838.798 million in June 2022. Imports of petroleum products increased 14.53 percent year on year, reaching $376.416 million in July 2021.
Natural Gas (Liquified) imports fell by 67 percent on a month-to-month basis, reaching $230.522 million in June 2022, down from $700 million in June 2022. When compared to $271.669 million in July 2021, imports increased 15.15 percent year on year.
Agriculture and other chemicals imports fell by 26.89 percent month on month and 18.9 percent year on year. The transport group had a 45.31 percent negative group on a MoM basis and 33 percent negative growth on a YoY basis.
The country’s total imports in July 2022 were $4.993 billion (provisional) compared to $7.880 billion in June 2022, a 36.63 percent decline.
Petroleum products (Rs. 159,768 million), petroleum crude (Rs. 94,600 million), palm oil (Rs. 65,691 million), electrical machinery and apparatus (Rs. 53,306 million), plastic materials (Rs. 53,061 million), natural gas liquefied (Rs. 50,585 million), iron and steel (Rs. 43,198 million), wheat un-milled (Rs. 23,511 million), raw cotton (Rs. 23, (Rs. 22,636 million).
