In 2020, Russian agricultural exports to Uzbekistan grew by 48%

Published Jan 26, 2021

Tridge summary

In 2020, Russia significantly increased its agricultural exports to Uzbekistan by 63% in volume and 48% in value, amounting to 930 thousand tons worth $689 million. Sunflower oil, chocolate confectionery, soybean meal, and margarine were the top exports to the country, which is the 11th largest importer of Russian agricultural products. Uzbekistan, with its large population and reliance on agriculture for over 40% of its GDP, imports mainly cereals, oils, fats, and sugar products. There is potential for Russian exports to further increase, particularly in confectionery and margarine, as these products are culturally significant and widely consumed in Uzbekistan.

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

Original content

In 2020, Russia sent 930 thousand tons of food products to Uzbekistan in the amount of 689 million dollars.In physical terms, the volume of supplies increased by 63%, in value terms - by 48%. According to the results of last year, Uzbekistan is in 11th place among the leading importers of agricultural products from Russia. As in all recent years, sunflower oil is the largest item in the Russian agricultural export to Uzbekistan. Last year, supplies increased by 14% to 202 thousand tons worth $ 182 million (+ 33%), as a result of which Uzbekistan moved up to 4th place among the buyers of Russian sunflower oil after China, Turkey and India. Uzbekistan is also one of the main importers of Russian sugar. According to preliminary data from the Federal Customs Service, last year its shipments increased 2.4 times to 315 thousand tons in the amount of 130 million dollars (2.7 times more). In third place among the supplied food products are chocolate confectionery, sales of which in ...

Source: Oilworld