Export of Russian herring to China increased six times

Published 2023년 2월 9일

Tridge summary

In 2022, Russian fish exports to China experienced a 52% increase to 937.3 thousand tons, earning 48% more than in 2021 and 26% more than in 2019, despite a dip from 2019 levels. This growth is attributed to growing Chinese interest in Russian products, COVID-19 restriction relaxations, and shift in exports due to sanctions. Notable increases were seen in frozen pollock, herring, salmon, and crab exports, with crab redirection being key due to market losses in the US and Europe. China's restoration of restrictions on Russian fish products at the start of 2023 is anticipated to further boost exports by reducing business costs and tapering quarantine expenses. The export structure is also shifting towards value-added products like fillet, minced meat, and surimi, particularly with pollock.

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

Original content

In general, in 2022, the volume of exports of Russian fish products to China increased by 52% to 937.3 thousand tons compared to 2021. However, this is still 20% less than in 2019. However, despite the decline in exports to China, we earned more from it - plus 48% compared to 2021 and 26% more compared to 2019. The Federal Agency for Fisheries explains such indicators by the growing interest on the part of the PRC in Russian products, the removal of covid restrictions and the redirection of released export volumes against the backdrop of sanctions from unfriendly countries. The growth in the supply of Russian fish products to China in 2022 is associated with the restoration of direct exports to China. In 2021, due to covid restrictions, most of the products were sent to China through South Korea, VARPE President German Zverev told RG. Frozen pollock accounts for more than half of China's total fishery exports. The export of Russian pollock in 2022 exceeded 562 thousand tons, that ...

Source: RG