Russia rose to 17th place in the world ranking of exporters of agricultural products

Published 2021년 5월 31일

Tridge summary

In 2020, Russia experienced a significant growth in its agricultural exports, rising from 19th to 17th place, with a 19% increase in volume reaching $ 30.5 billion, contributing 1.9% to the global trade of agricultural products. The growth was predominantly in grain, fat and oil products, and food and processing industry products. Globally, agricultural exports hit a record of $ 1.61 trillion, with the United States, the Netherlands, Germany, Brazil, Spain, Canada, Italy, and Belgium showing positive growth. However, exports from China, France, and Spain decreased. Meat and meat by-products made up 8.3% of global agricultural exports in value terms. The growth in the largest exporting countries was largely due to a surge in prices for major commodities as importers built up stocks in anticipation of pandemic-related supply disruptions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of last year, Russia rose from 19th to 17th place in the ranking of the largest exporters of agricultural products. The share of the Russian Federation in world trade in agricultural products amounted to 1.9%, the volume of exports - $ 30.5 billion, which is 19% more than a year earlier. In particular, Russian grain exports last year increased by 28%, to $ 10.2 billion, fat and oil products - by 21%, to $ 4.9 billion, food and processing industry products - by 13%, to $ 4.5 billion. According to the report, in 2020, the global export of agricultural products updated the record, increasing by 1.1%, to $ 1.61 trillion. The top 10 exporting countries account for almost 50% of world food exports, the first 20 - almost 70%. Over the past 5 years, 18 out of 20 countries have increased their supply volumes, with Russia showing the highest growth rates. The average annual growth rate of Russia in 2015-2020 was 13.4%, Poland - 8.6%, Mexico - 6.9%, Spain - 6.2%, USA - 1.5%, ...

Source: Fishnet.ru