Russia unexpectedly increased imports of nearly 700% of fresh pomelo from Vietnam

Published 2020년 11월 3일

Tridge summary

In the first eight months of 2020, Russia experienced a significant shift in its grapefruit import market, with a notable decrease in imports from China and a surge in imports from Vietnam. The total import volume fell by over 17%, and the value dropped by 18.5% compared to the same period in 2019, with the average import price per ton decreasing by 1.7%. The import ban from China, in effect since the crop year 2020, has led Russia to diversify its sources, including Thailand, Myanmar, Malaysia, and especially Vietnam. The import volume from China fell by 63.4%, while Vietnam's exports to Russia increased drastically, reaching a value nearly 356% higher than in 2019. This change highlights Russia's growing demand for tropical fruits, such as grapefruits (pomelos), given its cold climate and limited arable land, and underscores the opportunity for countries like Vietnam to increase their exports to the Russian market.

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

Original content

Import and Export Department (Ministry of Industry and Trade) said that according to statistics from the Russian Customs Agency, the import of fresh Russian grapefruit in the first 8 months of 2020 reached 71,600 tons, worth 57 million USD, down more than 17% in volume and decreased by 18.5% in value over the same period in 2019. Average import price of fresh grapefruit of Russia in the first 8 months of 2020 reached 796.3 USD / ton, down 1.7% over the same period. period 2019. Notably, among the main markets supplying fresh grapefruit in the first 8 months of 2020, Russia sharply increased its import from Vietnam, reaching 19 tons, worth $ 71,000, up 683.2 % in volume and nearly 356% in value over the same period in 2019. The opportunity to boost pomelo exports to the Russian market is huge, due to the increasing demand for tropical fruits in Russia, Because Russia is a cold country, despite its large area, there is little arable land due to unfavorable climatic conditions, the ...

Source: Vietnambiz