Russia: Export of agricultural products, the driver of country's economic development

Published 2021년 10월 11일

Tridge summary

Russia has successfully achieved import substitution in various industries and has become a major global exporter of grain, oilseeds, and oilseeds processing products. The champignon market provides an example of this success, with local production now dominating and imports making up only 20% of the market. The apple market has also seen a significant increase in local production, from 236 thousand tons in 2015 to 800-900 thousand tons in 2020-2021, with imports accounting for less than 40% of the market. As the local market becomes saturated, export is seen as the only opportunity for growth and development for the agro-industrial complex. The complex also contributes significantly to the country's budget revenues, more than arms exports and non-primary exports, and helps diversify the country's image and influence.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Some industries with a larger volume (apples, berries, beef, etc.) are moving towards this. And in a number of industries, Russia not only has already closed the issue of import substitution, but has also become a major exporter in the world market - especially in grain, primarily wheat, oilseeds and oilseeds processing products. For example, 6-7 years ago, the production of champignons in Russia was within 10 thousand tons, and most of the products on the shelves were imported. At the moment, 100 thousand tons is local production and imports are only 20 thousand tons, mainly from Belarus. Moreover, this is not a re-export from Poland, which was once, but products from Belarus, where its own production of champignons is deployed. The apple market is more capacious. Today, the total market capacity is estimated at 1.6-1.7 million tons. In 2015, domestic producers supplied 236 thousand tons to the market, in 2019 - 645 thousand tons, and already in 2020-2021, estimates show ...
Source: Agrovesti

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