Palm Oil Imports Surge while Soybean Oil Decreases

Palm oil imports into Pakistan recorded a significant year-on-year increase during the current fiscal year, while soybean oil imports showed a mixed trend in volume and value terms.

According to data released by the Pakistan Bureau of Statistics and the State Bank of Pakistan, Pakistan imported 2.182 million tons of palm oil during the first seven months of the current fiscal year, with a total import bill of $2.350 billion. This represents a 24.28% increase compared to the same period last fiscal year. During the corresponding period last year, palm oil imports stood at 1.887 million tons, costing $1.885 billion in foreign exchange.

Pakistan’s palm oil imports increase by 6.37% in January 2026 compared to the same month last year. According to data released by the Pakistan Bureau of Statistics, the value of palm oil imports rose to $367 million in January 2026, compared to $345 million in January 2025.This reflects an increase of approximately $22 million, marking a growth of over 6% year-on-year in the country’s palm oil import bill.

Meanwhile, soybean oil imports during the first seven months were recorded at 85,771 metric tons, with an import bill of $94.89 million. In comparison, during the same period last year, soybean oil imports were 94,991 metric tons, with a significantly higher import value of $164.55 million.

Although the volume of soybean oil imports declined compared to last year, the overall trend reflects adjustments in edible oil import patterns amid local production of soybean oil.