Animal feed is the dominant product of our agricultural exports in Hungary

The food by-products and prepared animal feeds group achieved - after cereals - the second largest export revenue and foreign trade surplus out of the 24 food industry chapters in 2020 - according to the report of the Institute of Agricultural Economics (AKI). The division's export revenue increased by 1 percent to 962.3 million euros, its import value decreased by 3 percent to 507.2 million euros in 2020 compared to a year earlier, so its foreign trade assets increased by 6 percent. The value of total agricultural and food exports increased by 2.3 per cent, imports by 0.9 per cent, the balance improved by 5.3 per cent in 2020: exports EUR 9,563 million, imports EUR 6,358 million, agricultural foreign trade assets EUR 3,205 million. was EUR 160 million more than in the previous year. The five most valuable commodity groups - cereals, animal feed, meat, beverages, spirits, vinegar, and other edible preparations - accounted for 52 percent of total agricultural exports. Prepared ...