Russian agro-exports to the USA grew by 68%

Published 2020년 10월 16일

Tridge summary

In 2020, the United States has emerged as a leading buyer of Russian agricultural products, including frozen crabs, with a significant increase from just 1 ton in 2019. Other notable exports to the U.S. include confectionery, fillets, alcohol, and wheat gluten. The U.S. is the world's largest exporter and importer of agricultural products, with a focus on soybeans, nuts, corn, wheat, and various food products. Despite being a major fishing nation, the U.S. relies heavily on imports of fish and seafood, offering potential for increased exports from Russia.

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

Original content

The largest position in agricultural exports is frozen crabs, of which 955 tons worth $ 20 million were shipped over 8 months, while for the same period in 2019 the physical volume was less than 1 ton. As a result, in 2020, the United States is among the top 5 buyers of Russian frozen crabs. The top 3 products also include confectionery, sales of which, compared to the same period last year, increased in volume by 34% to 2.2 thousand tons, in monetary terms - by 26% to 6.7 million dollars. fillets amounted to 791 tons (+ 22%) worth $ 6.5 million (+ 18%), alcohol - 3.3 thousand tons (+ 23%) for $ 6.4 million (+ 16%). In addition, this year Russia has increased its exports to the United States of frozen fish, ice cream, and molasses. The United States is both the world's largest exporter of agricultural products and the largest importer: according to the ITC Trade Map, in 2019 the country sold food products worth $ 142 billion abroad, and imported them in the amount of $ 166 ...

Source: Dairy