In 2021, Russia has increased its agricultural exports to the EU by 32%

Published Oct 4, 2021

Tridge summary

From January to August 2021, Russia saw a 2.9% increase in agricultural exports to the European Union, reaching 4.2 million tons with a value of $2.4 billion, a 32% increase from the same period in 2020. The main exports included fish products, meal and cake, and grain crops. There was a significant increase in the export of crustaceans, fish fillets, and wheat to the Netherlands and Latvia. The European Union, the world's leading seller and buyer of food products, imported cheeses, cottage cheese, pork, bakery and flour confectionery, animal feed, coffee, and chocolate. Non-EU countries like the United Kingdom, Brazil, and the United States were the leading suppliers of agricultural products to the bloc. The OECD forecasts that in 2030, the EU will import 21.8 million tons of corn, 1.6 million tons of meat, and 8.6 million tons of fish and seafood.

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

Original content

In January-August 2021 * Russia exported 4.2 million tons of agricultural products to the European Union, which is 2.9% more than the same period in 2020. In value terms, supplies increased by 32% to $ 2.4 billion. Among the leading categories of goods shipped to the EU are fish products, meal and cake, grain crops. For 8 months of the year, the supply of meal in physical volume remained approximately at the level of 2020 - 1.2 million tons, but in money terms increased by 50% to 420 million dollars.Also, 9.6 thousand tons of crustaceans were exported to the block countries (+ 58% ) worth $ 263 million (2.3 times more), 47 thousand tons of fish fillets (+ 47%) in the amount of $ 238 million (+ 39%), 74 thousand tons of frozen fish (-6.9% ) by $ 224 million (-11%). In addition, the top 5 product categories include wheat, of which the countries of the bloc purchased 737 thousand tons (+ 93%) for $ 189 million (2.4 times more). The European Union is a significant buyer of Russian ...

Source: Aemcx