Russia: Domestic catch and production of fish products allow us to increase exports - at the end of the year, supplies increased by 12%

Russia

Market & Price Trends

Published Feb 13, 2024

Tridge summary

Preliminary data for 2023 indicates a 12% rise in fish product exports, totaling 2.2 million tons. The majority of these exports were frozen fish (76%), with fish fillets and other fish meat (9%), non-food aquatic biological resources (6%), and crustaceans, mollusks, and aquatic invertebrates (5%) also contributing. Pollock was the primary exported fish species, while other exports included herring, sardines, and crabs. The main importers were China, the Republic of Korea, the Netherlands, Belarus, Japan, Kazakhstan, and Nigeria, with China significantly increasing its purchases from the previous year.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to preliminary results for 2023, exports of fish products (excluding trade outside the customs area) increased by 12% - to 2.2 million tons. The main share in the export of fish products is occupied by: frozen fish - 76%, fish fillets and other fish meat (including minced meat) - 9%, flour and granules of non-food aquatic biological resources - 6%, crustaceans, mollusks, aquatic invertebrates - 5%. The main export fish species is pollock. In addition, herring, sardines and crabs are exported to foreign markets. The main buyers of Russian fish products in 2023 were: – China – 1.21 million tons (2 times more than the 2022 level) – Republic of Korea - 617 thousand tons (-33% ...

Source: Fishretail