Food product foreign trade reduced by 5 percent in a year

According to KSH, in January-February 2010 the volume of foreign trade improved further, by 17 percent in export and by 13 percent in import in comparison with last year’s level. In the first two months of the year, our foreign trade surplus was HUF 178 billion (EUR 664 million), growing by HUF 138 billion (EUR 568 million) from the positive balance of HUF 40 billion (EUR 96 million) in January-February 2009.

The volume of food product, beverage and tobacco product turnover was 5 percent lower in both directions than a year earlier; cereal and cereal product export contracted by one fourth – import fell by one third. In our trading with the EU, we realised a HUF 49 billion bigger surplus with old member states and a HUF 18 billion surplus with old member states.