ISLAMABAD - Due to prevailing power crisis and high interest rates, the export of textile products has declined by 9.27 per cent during the first 10 months (July-April) of the current financial year, making the achievement of the annual export target unlikely. According to the data released by Federal Bureau of Statistics on Thursday, the exports of textiles group declined to $ 7.898 billion in July-April period against $ 8.706 billion of the same period of last fiscal year. The government had set up $ 11 billion export target for the textile sector in ongoing financial year but due to sluggish growth of the economy, because of massive loadsh-eddings and high rates on bank loans, the target is not likely to be achieved. Now the government has to get $3.102b from the textile exports in the next two months in order to achieve the set target, a challenge too big to be achieved. The figures indicate that trade deficit narrowed up to $14.16 billion during July-April, showing that the countrys exported goods worth $14.762 billion as against imports of $28.922b during the period under review. Among the textiles group, export of raw cotton increased by 40.32 per cent, cotton cloth 0.75 per cent and towels 3.26 per cent during the first ten months of the current fiscal year. However, the export of cotton yarn declined by 15.98 per cent, cotton (corded) 1.41 per cent, yarn 54.74 per cent, knitwear 6.70 per cent, bed wear 12.19 per cent, tents 14.70 per cent, readymade garments 14.65 per cent, art silk (synthetic textile) 33.64 per cent and other textile materials by 15.43 per cent in the said months. The figures said the overall textile products declined by over 23pc in April 2009 over the corresponding period of the last year. On the other hand, due to downturn in the textile sector, the import of the textiles machinery also declined by 48.98pc in July-April. Meanwhile, details of the traditional products showed that export of food group went up by 24.89 per cent. Among these exports, rice went up by 35.84 per cent during July-April 2008-09, which is $ 2.560 billion as against $2.050 billion over the last year. In the rice group, the export of basmati went up by 27.08 per cent and others went up by 46.93 per cent. While the exports of fish products increased by 17.26 per cent, fruits 6.30 per cent, vegetables 23.74 per cent, leguminous vegetable (pulses) 117.58 per cent, tobacco 90.40 per cent, wheat 2,182 per cent, spices 18 per cent, meat 47.61 per cent and export of other food items increased by 1.85pc during the period under review. Export of footwear went up by 13.20 per cent, engineering goods 31.37 per cent, cement 52.57pc, molasses 127.94 and other items by 16.85pc during the said period. On the other hand, the imports of food commodities decreased by 3.06 per cent in the ten months of current year as they were recorded at $3.419 billion against $ 3.527 billion of the last year. Due to prevailing power crisis, the greater demand of power generating machinery enhanced by 66.50 per cent in the period under review. The imports of power generating machinery are $ 1.427 billion in (July-April) against 0.857 billion of the same period of the corresponding year. The import of transport sector showed negative growth of 46.65 per cent in the period under review. In the transport group, import of road motor vehicles declined by 30.33 per cent, CBU 60.43 per cent, motor cycles 57.32 per cent and motorcars 62.54 per cent.