Russian agricultural exports to Japan almost doubled in 2021

Published 2021년 5월 19일

Tridge summary

In the first four months of 2021, Russia saw a significant increase in agricultural exports to Japan, with a 57% rise in volume and a 95% increase in value compared to the same period last year. This surge was primarily driven by a 3.2-fold increase in frozen fish exports, including sockeye salmon and herring, and a 46% increase in corn exports. Additionally, there was a resumption of fish fillet supplies and a 46-fold increase in exports of frozen cuttlefish and squid. With Japan's limited cultivable land and a small agricultural sector, it depends heavily on imports to meet domestic needs, making it one of the world's top food importers. There is potential for Russia to further increase its agricultural exports to Japan, with potential revenues reaching $2.5-2.8 billion by 2030.

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

Original content

In the first four months of 2021, Russia supplied 93 thousand tons of agricultural products to Japan, which is 57% more than the same period last year. The value of exports increased by 95% to $ 95 million. The growth driver was the supply of frozen fish, which increased 3.2 times to 9.9 thousand tons in physical terms and 3.8 times to 42 million dollars in monetary terms. The bulk of this volume fell on frozen sockeye salmon, of which $ 36 million was shipped, while last year its supplies were only $ 1.4 million. In addition, Russia increased shipments of herring to Japan ($ 2.9 million). ., 6.3 times more) and frozen cod ($ 1.8 million, + 32%). The second place in the sales structure at the beginning of this year is occupied by corn, the export of which from Russia to Japan in January-April increased by 46% to 66 thousand tons worth $ 14 million (+ 67%). At the moment, Japan ranks 6th among buyers of corn from Russia. The third place is occupied by crustaceans, of which more ...

Source: Aemcx