AKI: the export value of 13 of the 24 agricultural and food product groups increased in 2023

By: Trademagazin Date: 2024. 04. 09. 12:29

In an annual comparison, the assets of Hungarian agricultural foreign trade increased by 51 million euros (almost 20 billion forints) to 3,519 million euros (almost 1,400 billion forints) in 2023 – read the summary published on Tuesday by the Agricultural Economics Institute (AKI).

The value of exports of agricultural and food industry products reached 13,386 million euros, while imports amounted to 9,866 million euros. Both increased by 1.3 percent compared to 2022. The share of agricultural exports within the total exports of the national economy decreased by 0.3 percentage points to 9 percent.

According to the summary, the export value of 13 of the 24 agricultural and food product groups increased in 2023. Tobacco products accounted for the largest amount, with 160.4 million euros, while animal feed with 123.6 million euros, sugar and candy goods with 103.5 million euros, and meat products with 99.6 million euros. The largest drop of 198 million euros was in the product group of animal and vegetable fats and oils, the export revenue of oilseeds was 122.6 million euros short of the 2022 level.