Located in Central Europe, Hungary has been a member of the European Union (EU) since 2004. The country's role in the European political economy is bigger than it would be thought based on its market size. Hungary has a population of 9.77 million and a resilient, export-driven economy. It showed the second fastest economic growth in the EU in 2019. Growth in real wages has remained unbroken, resulting in increasing purchase power and demand for imported goods. The foreign trade structure of agricultural and food products is relatively stable. The main import sectors are meat products, fruits and vegetables, animal feed, dairy products and eggs, and confectionary products.
Positive trends in consumption and spending on food as well as better financial situation of households provide better opportunities for U.S. exporters. A broad range of consumers are open to American foodstuffs. An increasing number of buyers are seeking quality products and gourmet specialties from the United States, helped by stories, traditions (such as barbecue) and positive feelings for America. For instance,