China increased beer imports from Russia by almost a quarter in August

Published Sep 24, 2024

Tridge summary

In August, China experienced a 24.6% increase in beer imports from Russia, amounting to $1.59 million, up from $1.276 million in the same month last year. Despite this, overall Russian beer exports to China have decreased by 21.6% over the past eight months. The State Customs Administration of the PRC reported that in the first eight months of this year, China imported beer from 64 countries, with the Netherlands, Germany, Belgium, and Spain being the largest suppliers. The Agroexport center under the Ministry of Agriculture of Russia has identified China as a promising market for Russian beer, predicting that exports could reach 46.8 thousand tons for $31.7 million in 2026, up from 31.2 thousand tons for $15.8 million in 2023. The Main Customs Service of China has also reported an increase in beer exports from China to Russia.

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

Original content

Moscow. September 24. INTERFAX.RU - In August of this year, China increased its beer imports from Russia by 24.6%. However, over the eight months, purchases decreased by 21.6%. According to the materials of the State Customs Administration (SCA) of the PRC, in August, Russian brewers exported $1.59 million worth of beer to the Chinese market, compared to $1.276 million in the same month last year. Compared to July of this year (when $1.02 million worth of beer was purchased), supplies increased by almost 1.6 times. However, over the eight months, Russian beer exports decreased by 21.6%, to $10.9 million from $13.9 million a year earlier. In January-August, China purchased beer from 64 countries. The largest suppliers were the Netherlands ($72.6 million), Germany ($69.7 million), Belgium ($36.6 million), and Spain ($28.2 million). In addition, beer was supplied from Japan, the USA, Ireland, Singapore and other countries. Russian supplies are at the level of exports from Singapore ...

Source: Interfax