China increased tea supplies to Russia by 21% from January to July, to 10 thousand tons

Published 2024년 8월 21일

Tridge summary

Chinese tea exports to Russia experienced a 21% increase in the first seven months of the year, reaching 10,000 tons with an estimated value of $32 million, marking a 17% rise from the previous year. However, in July, the volume of exports to Russia saw a 4.5% decrease, totaling 1.6 tons, although the value dropped by 30%. The majority of the imports were 'other varieties of unfermented green tea', followed by oolong and red tea. Russia places fifth among importers of Chinese tea, with Morocco, Ghana, Malaysia, and Mauritania being the top four. By 2023, it is anticipated that China's tea exports to Russia will decrease by 22% but the value will increase by 10%.

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Original content

In January-July, Chinese tea producers increased tea exports to Russia by 21% year-on-year, to 10,000 tons. This was reported by the General Administration of Customs (GAC) of China. According to the agency, the value of deliveries increased by approximately 17%, to $32 million. In July alone, the volume of this product sold by China to Russia increased by 4.5% compared to June, to 1.6 tons (the value of exports fell by 30%, to $4.4 million). As follows from the published data, approximately 66% (more than 6.6 thousand tons) of goods imported to Russia from China are "other varieties of unfermented green tea." In second place is oolong (semi-fermented), with a share of 15% (1.5 tons). Next comes red tea, which is very similar to the black tea familiar to many Russians - 14% (more than 1.4 tons). Jasmine tea accounts for only 3.6% (366 thousand kg). In terms of purchase value, Russia ranks fifth among importers of Chinese tea, after Morocco ($123.5 million for ...

Source: Kvedomosti