Russian imports of fish and seafood are growing

In January-June, 345 thousand tons of products were imported, which is 23% more year on year. About a quarter of the volume came from the Faroe Islands, which remain a major exporter on the Russian market. Deliveries from India and Saudi Arabia increased by three to seven times, from where mainly inexpensive types of shrimp are imported. However, a new round of ruble depreciation by the end of August may lead to a decrease in imports, experts predict. In January-July 2023, the import of fish products in the Russian Federation increased by 23% year-on-year, to 345 thousand tons, and its total value - by 17%, to $ 1.3 billion. During this period, the supply of frozen fish increased by 46% year on year, up to 153 thousand tons, crustaceans and molluscs - twice, up to 73 thousand tons. Most noticeable - by 52%, up to 60 thousand tons - imports to the Russian Federation increased the Faroe Islands. For the seven months of 2023, the share of this Danish autonomy was 24% in total imports ...