Nagy István: agriculture provided more than half of the national economy’s foreign trade surplus in the first half of the year

The Hungarian agricultural economy has undergone spectacular development in recent years, and its productivity and profitability have also increased significantly. Thanks to this, every year it makes a significant contribution to the results of the national economy – Nagy István, Minister of Agriculture told MTI.

The results are also reflected in the latest foreign trade data for the first half of 2019. The head of the ministry estimates that, in the first six months of the year, agricultural exports increased by 11.2 percent to more than 4.7 billion euros, while agricultural imports rose by 6.8 percent to 3 billion euros. As a result, the agricultural trade surplus increased by 20 percent on an annual basis. (MTI)