In the first half of 2021, Russian agricultural exports grew by 18%

Published Jul 29, 2021

Tridge summary

In the first half of 2021, Russia saw a 18% increase in agricultural exports, reaching a value of $15 billion despite a slight decrease in grain shipments. The country experienced positive growth in exports of fat and oil products, meat, dairy, grain, food and processing industry products, and fish and seafood. China, Turkey, and South Korea were the leading buyers, with Turkey and Egypt showing a significant increase in purchases of Russian grain. There was a notable increase in the export of fat and oil products, particularly sunflower and rapeseed oil, due to higher global prices, with Turkey, China, and Norway being the main buyers.

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

Original content

In January-June 2021 * Russia supplied to foreign markets more than 30 million tons of agricultural products worth $ 15 billion, which is $ 2.3 billion or 18% more than in the same period last year. By the middle of the year, all the main categories of agricultural goods showed positive dynamics, including the export of fat and oil products increased in annual terms by 43%, meat - by 26%, dairy products - by 25%, grain - by 19%, food and processing industry products - by 5%, fish and seafood - by 2.7%. According to the Federal Customs Service, in the first half of the year food products from Russia were exported to almost 150 countries of the world. Despite a slight decrease in purchases ($ 1.9 billion, -1.4%), following the results of 6 months, China retains its leading position. Turkey, which increased imports by 15% to $ 1.8 billion, remains in second position. South Korea is also in the top 3 buyers ($ 1.1 billion, + 50%). Grain Shipments of grain crops for 6 months of 2021 ...

Source: Aemcx