Russia in 2020 set a record for the sale of food abroad

Published 2021년 3월 9일

Tridge summary

In 2020, Russia achieved a record in agricultural exports, with a 20% increase from the previous year, reaching 79 million tons and $30.7 billion in value. This marks the first time in post-Soviet history that Russia became a net exporter of food, with imports totaling $29.7 billion, one billion less than exports. The export growth was driven by increases in grain, fat and oil products, meat, dairy, and food and processing industry products, with the largest shares going to China, Turkey, and Kazakhstan. However, fish and seafood exports saw a decrease due to the pandemic's impact on demand and prices. The growth in exports was attributed to high domestic production and favorable market conditions, with grain and sunflower oil exports experiencing the largest increases.

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Original content

Russian exports of agricultural products in 2020 became a record in modern history, the Federal Center "Agroexport" of the Ministry of Agriculture of Russia told RBC. According to his calculations, last year Russia supplied 79 million tons of agricultural products and food for $ 30.7 billion to other countries, which is 20% more both in monetary and physical terms compared to 2019. Thus, analysts say, the record of 2018 was broken - then 78.5 million tons of agricultural products worth $ 25.8 billion were delivered abroad.Last year, for the first time in post-Soviet history, Russia also became a net exporter of food in value terms, that is she earned more on food supplies abroad than she spent on imports, adds Andrei Sizov, director of the Sovekon analytical center. Imports of food products and agricultural raw materials in 2020, according to Rosstat, to which Sizov refers, amounted to about $ 29.7 billion, that is, $ 1 billion less than exports. 150 countries bought Russian food ...

Source: Agrovesti