Shrinking export-import activity

In January-June 2009, the volume of export and import was down by 20 and 25 percent, respectively, compared to the same period in the previous year. Foreign trade balance was positive by HUF 606 billion, improving by HUF 534 billion. According to KSH, turnover in the examined period, measured in Forint, augmented by 6 percent in both export and import. In the first half of 2009, the export volume of the food, beverage and tobacco product group continued to grow, surpassing last year’s level by 7 percent, while import volume diminished by 7 percent.