The extraordinary surplus origin of agricultural export in Hungary

Published 2022년 10월 21일

Tridge summary

The article provides an analysis of the agricultural export performance in the year up to July 2022, revealing a surplus of approximately 1.3 billion euros, with a 25% increase in total exports across most product categories. Fruit exports experienced a significant 32.8% growth despite weather challenges, leading to a surplus of around 20 million euros. Notably, there was a substantial increase in the export of local fruits like melons, apricots, apples, and grapes, with apples doubling, walnuts and melons increasing by 1.5 to 2 times, and apricots tripling. However, the import of bananas more than doubled, exceeding local exports and dominance in the market. Despite the challenges, local fruit production showed varied results across regions and species. The article highlights the dynamics of the domestic fruit market, where imports significantly surpassed exports, especially with bananas, indicating a reliance on imports for fulfilling market demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Comparing this year's time-proportional agricultural export with the performance of the same period of the previous year, we find an overall surplus of around 1.3 billion euros. Within this, with one or two exceptions, almost all product groups contributed to the 25% increase in total exports with expanding exports. As for our fruit exports, it is a special development that, despite the climatic anomalies and unfavorable production conditions, exports increased by 32.8% overall, and by the end of July showed a surplus of around 20 million euros compared to the previous year's level of 62 million euros. It is also significant that the export revenue of 83 million euros was accompanied by a 31% increase in the exported volume, so it cannot be said that the increase in revenue is only due to the improvement of sales conditions. Although the mid-year crop estimation reports did not give cause for excessive optimism, crop prospects differed in different regions of the country. The ...

Source: magyarmezogazdasag