The foreign trade of the food industry closed with a surplus of almost HUF 900 billion in the first half of the year

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Half-year exports were close to HUF 2,740 billion (EUR 6,519 million), imports were HUF 1,840 billion (EUR 4,383 million). Compared to the same period last year, the export value increased by 26.1 percent, the import value by 34.1 percent, and the balance by 12.3 percent. The share of agricultural and food industry products is 9.4 percent of the total export value of the national economy, and 6.1 percent of the import value – the half-year summary shows.

The export value of almost all product groups increased, especially vegetable and animal fats and oils

The decrease affected some plant and animal products, for example, the export of bird feathers decreased by 15.7 percent. The increase in imports can be explained primarily by the increase in the value of oilseeds, animal feed, and meat products, only tobacco products fell. Among the main commodity groups, the export value of live animals increased by 5.5 percent, the import value by 3 percent, the export value of meat products by 8.9 percent, the import value by 42.7 percent, the export value of dairy products, eggs and honey by almost 50 percent, the import value by 24.4 percent, vegetables the export value increased by 8.1 percent, the import value by 16.7 percent, the export value of cereals by 10.1 percent, the import value by 114.5 percent, the export value of sugar and sugar products by 38.3 percent, and the import value by 36.8 percent in one year. The export of oilseeds increased by 55.6 percent, and its import more than doubled compared to last year.

MTI