MAJOR IMPORTS OF PAKISTAN

S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE
Sep 1 - 7, 2008

Imports of Pakistan are going very high as compared to last year and the current imports of Pakistan are $35.41 billion. The major imported items are petroleum products, machinery, chemical products, foods and transport along with other products.

YEARS

IMPORTS IN BILLION $

2003-04

13.60

2004-05

18.99

2005-06

24.99

2006-07

26.98

2007-08

35.41

Sources: SBP

SELECTED COMMODITIES OF IMPORTS

Imports of POL (Petroleum, Oil and Lubricant) during April, 2008 valued at Rs. 83,588.58mn was higher by 15.13 % compared to March, 2008 Rs. 72,602.78mn and by 110.82 % compared to April, 2007 Rs. 39,648.96mn. Cumulative imports of POL during the period July to April, 2008 amounted to Rs. 569,928.86mn as against Rs. 377,487.04mn during the corresponding period of last year showing an increase of 50.98%. The share of POL in total imports as on April, 2008 was 32.08% as against 30.28% in March, 2007 and by 15.13% in April, 2007. During July to April, 2008 its share was 28.80% as against 24.91% in the corresponding period of last year.

(Million Rs.)

COMMODITIES

JULY - APRIL, 2008

JULY - APRIL, 2007

Petroleum Crude

248,592.74

174,235.93

Motor Spirit

5,984.88

--

Kerosene oil

3,922.91

1,277.28

Diesel oil

1.04

2.04

Lubricating Oils, Greases

2,154.94

2,511.34

Mineral Jelly, Wax

413.20

377.36

Other Petroleum and Petroleum Products

308,789.16

199,083.08

Total

569,928.86

377,487.04

Source : FBS

IMPORTS BY GROUPS

Imports into Pakistan during April, 2008 amounted to Rs. 260,569.67mn as against the imports of Rs. 239,805.03mn in the previous month and Rs. 156,222.68 mn during the corresponding month of last year showing an increase of 8.66% over previous month and by 66.79% over the corresponding month of last year.

IMPORTS BY GROUPS

(Million Rs.)

GROUPS

APRIL, 2008

APRIL, 2007

%CHANGE

A - Food Group

11,774.69

7,148.31

64.72

Palm Oil

8,378.84

4,469.97

87.45

Pulses

1,287.25

937.12

37.36

Tea

1,177.66

998.13

17.99

Soyabean oil

541.27

129.71

317.29

Milk & milk food for infants

389.67

613.38

-36.47

B - Machinery & Transport Group

68,596.43

46,224.91

48.40

Machinery

48,898.69

36,017.23

35.76

Transport equipment

19,697.74

10,207.68

92.97

C - Petroleum Group

83,588.58

39,648.96

110.82

Petroleum Products

45,880.21

22,445.46

104.41

Petroleum Crude

37,708.37

17,203.50

119.19

D - Textile Group

3,513.39

2,647.08

32.37

Synthetic & artificial silk yarn

1,809.14

1,293.03

39.91

Synthetic fiber

1,704.25

1,354.05

8.54

E - Chemical Group

34,420.72

22,822.30

50.82

Chemicals (excl. 2, 3&4)

26,571.62

18,091.01

46.88

Fertilizer manufactured

4,403.09

1,320.66

233.40

Medicinal products

2,830.89

3,037.40

-6.80

Insecticide

615.12

373.23

64.81

F - Metal Group

9,906.04

8,074.19

22.69

Iron & steel

7,180.83

5,230.50

37.29

Iron & steel scrap

2,725.21

2,843.69

-4.17

G - Miscellaneous Group

2,649.19

2,173.80

21.87

Paper & paper products

1,870.73

1,440.69

29.85

Tyres & tubes

778.46

733.11

6.19

Others

46,120.63

27,483.13

67.81

Total

260,569.67

156,222.68

66.79

Source: FBS

IMPORTS FROM MAJOR COUNTRIES

During April, 2008, (11.77 %) of total imports were from European Union. The share of imports of Middle East was 33.71% and North America 11.20%. Country wise, Saudi Arabia was at the top of imports list during April, 2008 followed by China, U.A.E, U.S.A, Kuwait and Japan. The combined share of these six countries during April, 2008 was 50.14% as against their combined share of 52.53% during April, 2007. During July to April, 2008, the share of imports from European Union was 14.20%. The share of imports from Middle East was 16.25% and from North America 7.98% of total imports during his period. Country wise, Saudi Arabia was at the top of the imports list followed by China, U.A.E, Kuwait, U.S.A and Japan during July to April, 2008.

IMPORTS FROM MAJOR COUNTRIES

(Million Rs.)

COUNTRIES

APRIL-08

APRIL-07

 

VALUE

% SHARE

VALUE

% SHARE

Saudi Arabia

33,749.39

12.95

18,857.11

12.07

China

24,758.72

9.50

18,054.13

11.56

U.A.E

21,269.34

8.16

14,037.92

8.99

U.S .A

19,680.40

7.55

11,086.75

7.10

Kuwait

18,146.37

6.96

10,199.15

6.53

Japan

13,090.40

5.02

9,816.10

6.28

Canada

9,507.08

3.65

5,745.92

3.68

Singapore

9,042.11

3.47

1,991.04

1.27

India

8,225.54

3.16

5,692.91

3.64

Malaysia

8,211.61

3.15

4,929.71

3.16

Indonesia

7,117.37

2.73

4,682.88

3.00

Korea Republic of

6,782.28

2.07

3,600.52

2.30

Qatar

6,751.17

2.59

1,158.59

0.74

Germany

6,621.79

2.54

5,623.09

3.60

Brazil

5,794.94

2.22

351.16

0.22

Morocco

4,570.39

1.75

129.97

0.08

U.K

4,487.61

1.72

3,862.89

2.47

Iran

4,480.63

1.72

996.23

0.64

Sweden

4,349.86

1.67

1,254.47

0.80

Russian Federation

3,468.44

1.33

1,777.23

1.14

Others

40,464.23

15.53

32,374.82

20.72

Total

260,569,67

100.00

156,222.68

100.00

Source : FBS

CONCLUSION

The government has failed to provide a feasible environment for the investors because of political instability in our country. Recently, Our Government didn't mention any specific import targets for the current fiscal year. During the last five years the imports have increased more than twice which is alarming for the economy of Pakistan.