Germany remains the main agricultural trade partner
Hungary’s agricultural foreign trade was also concentrated and strongly Europe-centric in the period under review: 95 percent of exports were made with European countries. Asia’s share was 3.1 percent, America’s was 1.1 percent, and Africa and Australia’s share did not even reach 1 percent. Of course, the internal market of the European Union is absolutely decisive, accounting for 83.5 percent of agricultural foreign trade exports and 92.4 percent of the import value in the first nine months of 2024.
The value of products exported to EU member states increased by 3.6 percent, the value of imports by 2.9 percent, and the balance of EUR 1,960 million was 6.3 percent more than in the base period. The most important export and import partners are almost the same, so the largest agricultural foreign trade turnover in the first three quarters of 2024 was also with Germany. In descending order of agricultural export value, other important partners were Italy, Romania, Austria, Poland, Slovakia, the Czech Republic, Croatia, the United Kingdom and the Netherlands. The share of the listed countries was close to 72.7 percent of total agricultural exports. The main suppliers of agricultural products are almost the same as the export markets, which provided 81.5 percent of imports.
AKI PÁIR
Related news
A cooperation agreement was concluded by NAK and MATE
A cooperation agreement was concluded by the National Chamber of…
Read more >The National Chamber of Agriculture and Food provides a discount on membership fees for about 300,000 members
According to the unanimous decision of the National Assembly of…
Read more >Magosz general assembly: European farmers face major challenges
European farmers face major challenges after the European Commission plans…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >