In 2021, Russia increased exports of agricultural products to the EU by almost a third

Published 2021년 10월 12일

Tridge summary

The European Union (EU) is the primary trading partner of Russia, accounting for 38.5% of Russian trade in 2020, with Russia being the largest supplier of natural gas, oil, and petroleum products to the EU. The trade between Russia and the EU saw a decrease of about 20% in 2020 due to the pandemic, but there was an increase in foreign trade in food products. Russia exported agricultural products to the EU for $ 2.4 billion in the first eight months of 2021, a 32% increase from the same period last year. The Netherlands and Latvia are the leading buyers of Russian agricultural products among EU countries. The supply of Russian agricultural products to the EU, excluding the UK, increased by 75% from 2016 to 2020. The top five goods exported by EU countries to Russia include cheeses and cottage cheese, wine, pork, bakery and flour confectionery, and animal feed.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Union is Russia's main trade partner, which accounted for $ 192.4 billion in 2020, or 38.5% of Russian trade. At the same time, the EU's share in Russian exports amounted to $ 113.7 billion - 40.6%, and in imports - $ 78.7 billion - 35%. Russia ranks fifth among the EU's leading trading partners after China, the United States, Great Britain and Switzerland. Russia is the largest supplier of natural gas to the EU and is in the lead in the supply of oil and petroleum products. In general, minerals account for 73.2% of Russian exports to the EU. The share of food products and agricultural raw materials, according to the Federal Customs Service in May 2021, accounted for 2.1%, - reports KazakhZerno.kz. In 2020, a drop in trade between Russia and the EU due to the coronavirus pandemic was recorded by about 20% across all commodity groups. However, foreign trade in food products showed an upward trend, exports increased by 1.4%, imports - by 0.5% against the level of 2019. ...
Source: Kazakh-zerno

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