Russia: Hong Kong increases imports of coastal soybeans

More than 400 thousand tons of soybeans were exported from Primorye to the countries of the Asia-Pacific region in 2023. Thus, the region’s agricultural producers made a significant contribution to the indicators of the national project “International Cooperation and Export”. As reported by the regional Ministry of Agriculture, according to preliminary data from the federal customs service, almost $217 million worth of soybeans were exported from Primorye last year - almost 418 thousand tons. “The main volume, 96.4%, comes from China - about 403 thousand tons, as well as the Republic of Korea - 10.1 thousand tons and Hong Kong - 4.8 thousand tons. It is worth noting that in 2022, soybean exports to Hong Kong amounted to only 426 tons,” the department clarified. According to experts, due to sanctions from unfriendly countries, soybean exports from the Primorsky Territory decreased by 43% in value compared to the previous year. But, despite the difficult economic situation, the ...