• Activities
    • Health
    • Education
    • Mobile
    • Sports
    • PSL
  • Economy
    • Auto Industry
    • Crypto Currency
    • Economy
    • Smart Devices
  • Tech
    • Startups
    • Social
    • Telecom
    • Technology
  • TechX World
+92 323 8324975
Saturday, September 30, 2023
TechX Pakistan
Advertisement
  • Home
  • ICC World Cup
  • News
  • Premium Content
  • Advertisement
  • Contact
  • About
No Result
View All Result
  • Home
  • ICC World Cup
  • News
  • Premium Content
  • Advertisement
  • Contact
  • About
No Result
View All Result
TechX Pakistan
No Result
View All Result
  • Home
  • ICC World Cup
  • News
  • Premium Content
  • Advertisement
  • Contact
  • About
Home Economy

Pakistan’s petroleum imports fell more than 8% in 1st half of FY23

Muhammad Kamal by Muhammad Kamal
January 19, 2023
in Economy
Reading Time: 3 mins read
A A
Buy author a coffee
Pakistans-petroleum-imports-fell-more-than-8-in-1st-half-of-fy23

According to the Pakistan Bureau of Statistics, Pakistan’s Petroleum group imports fell 8.8 percent in the first half (July-December) of the current fiscal year 2022-23 (FY23) to $9.285 billion from $10.181 billion in the same period last fiscal year (PBS).

The PBS data on exports and imports revealed that petroleum group imports were 3.7 percent lower month on month (MoM) in December 2022, standing at $1.585 billion compared to $1.646 billion in November, and were 12.02 percent lower year on year (YoY) when compared to $1.801 billion in December 2021.

Petroleum products experienced 16.90 percent negative growth during the first half of the current fiscal year, totaling $4.202 billion versus $5.056 billion during the same period last year.

They were $649.862 million in December 2022 compared to $708.234 million in November 2022, representing an 8.24 percent decrease.

Petroleum product imports fell 27.84 percent year on year, from $900.64 million in December 2021 to $900.64 million in December 2022.

Petroleum crude imports increased by 15.17 percent during the first half of the current fiscal year 2022-23, reaching $2.776 billion from $2.410 billion during the same period last year.

On a month-to-month basis, petroleum crude imports fell 7.90 percent to $502.858 million in December 2022, from $545.984 million in November 2022.

Petroleum crude imports increased by 41.93 percent year on year, reaching $354.299 million in December 2021.

Natural gas (liquefied) imports fell 18.72 percent in the first half of the current fiscal year, remaining at $1.949 billion compared to $2.398 billion in the same period the previous fiscal year.

Chemicals used in agriculture and other industries

Agricultural and other chemicals group imports fell 34.79 percent in the first half of the current fiscal year, totaling $5.175 billion, compared to $7.937 billion in the same period last year.

Group of machinery

Machinery group imports fell 45.29 percent in the first half of the current fiscal year, totaling $3.236 billion versus $5.915 billion in the same period the previous fiscal year.

Power generation machinery grew by 70.89 percent during the first half of the current fiscal year, reaching $288.320 million from $990.356 million during the same period last year.

Transport Organization

Transport group imports fell 49.84 percent in the first half of the current fiscal year, totaling $1.163 billion, compared to $2.318 billion in the same period last year.

Food Classification

Food group imports increased by 2.41 percent in the first half of the current fiscal year, reaching $4.914 billion from $4.798 billion in the same period last year.

Total imports

The country’s imports were $31.245 billion (provisional) during the July-December fiscal year 2022-23, down 22.97 percent from $40.563 billion during the same period last year.

Imports in December 2022 were $5.154 billion (provisional) compared to $5.182 billion in November 2022, representing a 0.54 percent decrease and a 32.01 percent decrease compared to $7.580 billion in December 2021.

The trade deficit

Pakistan’s trade deficit shrank by 33.22 percent during the first half of the current fiscal year (July-December) to $16.987 billion, down from $25.438 billion during the same period last year.

To read our blog on “Till January 31st, petroleum prices remain constant, Ishaq Dar,” click here

Tags: oil import bill of pakistan 2022pakistan import bill 2022pakistan import petroleum from which country 2022pakistan oil import in barrelspakistan oil imports by countrypakistan oil imports in dollarspakistan oil imports statistics 2022which crude oil pakistan imports brent or wti
Share49Tweet31Share9Send
Muhammad Kamal

Muhammad Kamal

Related Posts

Pakistani-stocks-fall-132-points-in-unstable-trading
Economy

Pakistani stocks fall 132 points in unstable trading

by Muhammad Kamal
September 29, 2023
Ib-report-revealed-mafias-agenda-behind-paks-derail-economy
Economy

IB report revealed mafias agenda behind Pak’s derail economy

by Asad Hassan
September 14, 2023
In-august-2023-secp-will-register-2847-new-companies
Economy

In August 2023, SECP will register 2,847 new companies

by Muhammad Kamal
September 14, 2023
Fbr-finance-ministry-meeting-on-rs-9-4-tr-tax-collection
Economy

FBR & Finance Ministry meeting on Rs. 9.4 tr tax collection

by Asad Hassan
September 13, 2023

Follow Us

Promoted

Techx-pakistan-becomes-media-partner-of-gitex-global-2023

TechX Pakistan becomes Media partner of GITEX Global 2023

by Asad Hassan
September 5, 2023
0

As you all know that the Middle East's largest tech event GITEX GLOBAL 2023 which is going to be held...

Get-low-cost-sslwalay-certificates-to-boost-online-security

Get low cost SSLWalay certificates to boost online security

by Asad Hassan
August 17, 2023
0

About SSLWalay SSLWalay is the latest addition to the KhalidGroup family of companies! Established in 2020 and based in Pakistan....

Techx-is-celebrating-76th-independence-day-of-pakistan

TechX is celebrating 76th Independence day of Pakistan

by Asad Hassan
August 14, 2023
0

As Pakistan marks its 76th Independence Day, the TechX Pakistan team united to celebrate the culmination of a struggle that...

Upcoming-phones-releases-which-ones-are-worth-waiting-for

Upcoming phones releases: Which ones are worth waiting for?

by Asad Hassan
March 21, 2023
0

Even if 2022 was a fantastic year to release excellent smartphones, 2023 is no less than 2022! In reality, everyone...

Recent News

Meta-to-bring-chatgpt-like-ai-chatbot-for-its-sm-platforms

Meta to bring ChatGPT like AI chatbot for its SM platforms

September 30, 2023
Fbr-exceeds-the-q1-tax-collection-target-of-fy-23-24

FBR exceeds the Q1 tax collection target of FY 23-24

September 30, 2023
Ftc-renews-legal-terms-of-microsoft-activision-69b-deal

FTC renews legal terms of Microsoft-Activision $69B Deal

September 29, 2023
Oppo-a18-reveals-with-display-upgrade-cost-rs-50000

Oppo A18 reveals with display upgrade, & cost Rs. 50,000

September 29, 2023
Jazz-inaugurate-state-of-the-art-digital-house-in-peshawar

Jazz Inaugurate State-of-the-Art ‘Digital House’ in Peshawar

September 29, 2023
Mastercard-sme-confidence-index-72-of-smes-in-mena-project

Mastercard SME Confidence Index: 72% of SMEs in MENA project

September 29, 2023
Currently Playing

Gitex Africa 2023: TechX Pakistan Honored To Cover The Event. @GITEXAFRICA

Gitex Africa 2023: TechX Pakistan Honored To Cover The Event. @GITEXAFRICA

00:01:50

LEAP 2023, a Global Technology Event at Riyadh covered by TechX Pakistan

00:02:40

GITEX GLOBAL 2022 Presence of Pakistan, Connexion Lounge sponsored by @MinistryofITTelecomPakistan

00:01:40

ITCN Asia 2022 | 21st International IT and Telecom Show | Curtains Opened | TechX Pakistan

00:05:28

London Tech Week 2022 Highlights | #Pakistan #Software

00:02:58

#Zindigi Future Fest 2022 Curtains Opened | Day 01 Glimpses | Tour | TechX Pakistan

00:03:13

Wait is Over, ITCN Asia Pakistan Tech Fest 2022 is live now!

00:01:44

CXO Meetup Dubai by Tech Destination Pakistan - P@SHA x PSEX x MoITT

00:02:41

Workshop on IT Investment Opportunities by Tech Destination Pakistan

00:00:56

Pakistan Pavilion at GITEX Dubai 2021

00:01:39

#GITEX 2021 Curtains Opened | Day 01 Glimpses | 5G | Technology | Tour | TechX Pakistan

00:01:33

GITEX Technology Week 2020 by TechX Pakistan - Official Media Partner

00:01:27
TechX Pakistan

In 2019, Mohammad Owais took the initiative of launching the TechX Pakistan. It is a blog project by assessing the gap in Local Technology & Social blogging. It has one simple goal of creating awareness about latest technological development in the world and especially in Pakistan. We break news, cover interviews, seminars and exhibitions locally and internationally both, related to IT Startups, IT best practices, Businesses, Automobiles, Smartphone Technology and Social Media.

© 2019 - 2023 TechX Pakistan - All Rights Reserved

No Result
View All Result
  • Home
  • ICC World Cup
  • News
  • Premium Content
  • Advertisement
  • Contact
  • About

© 2019 - 2023 TechX Pakistan - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version