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Imports Surge by 23% in First Month of Fiscal Year: Report

ISLAMABAD: In the first month of the fiscal year, Pakistan recorded a significant 23% increase in foreign imports, bringing the total import volume to $5.86 billion. The rise was driven primarily by increased imports of petroleum products and palm oil.

Petroleum imports rose by 6.42%, reaching $1.34 billion. Notably, the import of smartphones surged by more than 125%, with mobile phones worth \$145.3 million brought into the country in July 2025 alone — amounting to Rs. 41.38 billion in just one month.

The textile sector also saw a 21% increase in imports, with the total crossing $590 million. Transport sector imports rose dramatically by 167%, totaling $307 million. Vehicle imports alone increased by 139%, reaching $32.8 million for the month. Additionally, the import of parts for local vehicle assembly saw a staggering 290% surge.

There was also a noticeable rise in the import of buses, trucks, heavy vehicles, and ships. In July, imports of motorcar parts were recorded at $134.2 million. Food imports rose by 41%, totaling $743.8 million. This included increased imports of milk, cream, wheat, dry fruits, tea, and spices.

Imports of soybean, palm oil, sugar, and pulses also increased, with palm oil being the highest single-item import, valued at $302.1 million last month. Machinery imports rose by 29%, reaching $927.5 million, while agricultural equipment imports increased by 9.13%, totaling $890 million.

On the other hand, gold imports saw a complete halt, recording a 100% decline during the period.

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