Food import is shrinking

In January-May 2010 the volume of export augmented by 17 percent and import growth was at 15 percent. KSH’s quick report reveals that our export balance surplus was HUF 605 billion – HUF 186 billion more than in the same period of 2009. The export volume of food products, beverages and tobacco products neared the level of the base period, with the price level being 8 percent lower. Our import stayed below the level of the base period, for instance meat and meat product import was nearly 20 percent lower in value.