ISLAMABAD - Because of the prevailing power crisis and high interest rates, export of textile products declined by 9.53 per cent during last financial year (2008-09) as compared with the exports during the fiscal year 2007-08, Federal Bureau of Statistics (FBS) reported on Friday. During the last fiscal year, the exports of textiles group declined to $ 9.56 billion in July-June period against $ 10.572 billion in the year 2007-08. The government has missed the textile annual exports target of $ 13 billion set in previous fiscal year, as the conditions were not supportive for the industries because of energy shortages, deteriorating law and order situation, and slowdown in domestic demand, the report further said. It is pertinent to mention here that in 2008-09 the government missed the export target. The exports were projected to be at $22.9 billion for 2008-09, but due to the recession around the globe and issues in the country like power, gas shortages and others, the target was revised to be around $19.5b. However, the government missed the revised export target by 1.72b in 2008-09. According to the figures, the country exported goods worth $17.78b as against imports of $34.82b during the period 2008-09. The break-up of textile group shows that in the previous fiscal year, export of raw cotton increased by 25.45 per cent, cotton (corded) 26.79 per cent, and towels 2.38 per cent. However, the export of cotton yarn declined by 15 per cent, cotton cloth 4.05 per cent, yarn, 44.69 per cent, knitwear 0.47 per cent, bed wear 10.19 per cent, tents 18.86 per cent, readymade garments 21.68 per cent, art silk (synthetic textile) 22.14 per cent, made-up articles, 8.94 per cent. Other textile materials also came down by 17.13 per cent during 2008-09 as against 2007-08. The figures said that the overall textile products declined by over 9.34 per cent in June 2009 against the figures in the corresponding period last year. On the other hand, the import of the textiles machinery also declined by 50.25 per cent during the last fiscal year. Meanwhile, details of the traditional products showed that export of food group went up by 6.71 per cent. Among these exports, rice went up by 8.21 per cent during 2008-09, which is $2.81 billion as against $ 1.836 billion in 2007-08. In the rice group, the export of Basmati went down by 3.18 per cent. Exports of other items (in the rice group) however surged by 24.09 per cent. Exports of fish products increased by 11.78 per cent, fruits 11.13 per cent, vegetables 32.17 per cent, leguminous vegetable (pulses) 69.82pc, tobacco 94.41pc, wheat 484.96pc, spices 18.26 per cent, oil seeds nuts and kernels 14.24pc, and meat 46.92 per cent while exports of sugar declined by 90 per cent and all other food items decreased by 3.91 per cent during the period under review. Export of footwear went up by 5.09 per cent, engineering goods 26.05 per cent, cement 38.28 per cent, molasses 75.16, and other items by 9.68 per cent during the said period. On the other hand, imports of food commodities decreased by 1.78 per cent in the last current year as they were recorded at $ 4.137 billion against $ 4.212 billion of 2007-08. Due to the prevailing power crisis, the greater demand for power generating machinery enhanced its imports by 48.48 per cent in the period under review. The imports of power generating machinery are at $ 1.749b in 2008-09 against $ 1.178b in 2007-08. The import of transport sector also showed negative growth of 41.12 per cent in the period under review. In the transport group, import of road motor vehicles declined by 31.27pc, CBU 61.80 per cent, buses, trucks and other heavy vehicles went down by 56.14pc, motor cycles 65.17pc and motorcars 90.88pc in 2008-09 over 2007-08.