News

Food imports decreased by one third over the past six years

Published Aug 8, 2020

Tridge summary

The development of the agro-industrial complex against the background of the prodembargo made it possible in many respects to switch from import substitution to the development of exports

Original content

The Ministry of Agriculture has summed up the results of six years of the pro-embargo. So, if in 2013 food imports in value terms amounted to $ 43.3 billion, then in 2019 - $ 30 billion.In particular, the import of pork decreased almost ten times - from $ 2.6 billion to $ 270 million, cattle meat - in two and a half times, from $ 3.2 billion to $ 1.3 billion, poultry - almost doubled, from $ 911 million to $ 410 million, vegetables and dairy products - by a third. The import of tomatoes decreased by 42.1%, from $ 1.1 billion to $ 639 million, apples and pears - by 50.8% from $ 1.2 billion to $ 586 million, according to the website of the Ministry of Agriculture. The agency also notes that the development of the agro-industrial complex made it possible, in many respects, to switch from an import-substituting model to an export-oriented one. Since 2013, the export of Russian agricultural products has increased by one and a half times and amounted to $ 25.6 billion at the end of 2019 ...
Source: AgroInvestor
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