Hungary’s trade expected to be record-breaking in 2023 with this small country

Trade between Kosovo and Hungary is expected to be record-breaking at over 100 million euros in 2023, an official of the ministry of trade and foreign affairs said on Thursday.

Péter Sztáray, state secretary for security policy and energy security, told a Hungary-Kosovo business forum that bilateral trade has almost tripled since 2015 and Kosovo was Hungary’s 65th trade partner in 2021. Trade in that year totalled 96.1 million euros.

In the first ten months of 2022, Hungary’s main export products to Kosovo were livestock (19 percent), non-metallic minerals (9 percent), and telecommuninations, audio-recording and audio-player equipment (9 percent), he said. The three most important import products were telecommuninations, audio-recording and audio equipment (32 percent), textiles (13 percent) and other metal goods (12 percent), he added.

Hungary is ready to make every effort to further develop bilateral trade, he said, clearly demonstrated by the participation of 40 Hungarian and 15 Kosovan companies at the business forum, from areas as diverse as water management, food production, IT and construction, he added.

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Source: MTI