Export of agricultural products from Russia for 9 months grew by almost 14%

Published 2020년 10월 19일

Tridge summary

Russia's agricultural exports have seen a significant increase of nearly 14% in the first nine months of 2020 compared to the same period in 2019, totaling around $20 billion. This surge is attributed to the country's strategy to support its agro-industrial sector, aiming to satisfy domestic food requirements and decrease import reliance. Some of the main importers include China, Turkey, South Korea, Kazakhstan, and Egypt. Despite this, overall imports to Russia have dipped by 1.6% to $20.3 billion. The export volume has notably reduced the trade gap with 88 states, with Russia exporting agricultural products to 20 countries. The trade relationship with China has strengthened, with exports to China rising by 24.1% to $2.8 billion, while imports from China have decreased by 13.3% to $1.05 billion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The volume of agricultural exports from Russia for 9 months of 2020 increased by almost 14% compared to the same period in 2019 and amounted to about $ 20 billion, the press service of the Deputy Prime Minister of Russia Victoria Abramchenko reported. "For 9 months of 2020, Russia exported agricultural products worth about $ 20 billion to foreign markets, which is 14% more than the value for the same period last year ($ 17.4 billion)," Abramchenko said in the message. Among the leaders - importers of Russian food - China ($ 2.8 billion), Turkey ($ 2.2 billion), the Republic of Korea ($ 1.14 billion), Kazakhstan ($ 1.14 billion), Egypt ($ 1.11 billion). According to the Deputy Prime Minister, the increase in export volumes by Russian agricultural producers testifies to the correctness of the policy chosen by the state to support the agro-industrial complex, which, first of all, made it possible to meet their own needs for food and reduce import dependence in many areas. Imports to ...
Source: Fishnet.ru

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