China has reduced imports of Russian agricultural products

At the end of this year, the export of agricultural products to China may reach $ 3.6 billion, which is 10% less than the result of 2020 ($ 4 billion) and 13% higher than in 2019 ($ 3.2 billion), follows from a study by the Center for Industry expertise of the Russian Agricultural Bank (RSHB). The republic's share in the structure of Russian exports to East Asian countries decreased by 11% to 52% in value terms ($ 2.9 billion). However, the export of Russian agro-industrial complex products to this region for the year increased by 10.6% to $ 5.6 billion, mainly due to an increase in the supply of oilseeds by 34.7% to $ 541 million and cereals by 2.6 times to $ 316 million. The decrease in exports to China is due to the restrictions imposed by the country's authorities on the import of fish and seafood from Russia, the volume of supplies of which in January-October decreased by 68.8% to 282.9 thousand tons, and the cost - by 38% to $ 838 million year-on-year ... The sharp decline ...