Russia increases pork exports to Vietnam

Published Aug 19, 2021

Tridge summary

Russia is looking to increase its meat exports due to a saturated domestic market, with China, Southeast Asia, and Vietnam being potential markets. In 2020, meat product exports grew by 49%, and in the first half of 2021, they grew by 26%. Russia has become the leading meat exporter to Vietnam, with pork exports increasing 2.5 times in the first half of 2021. However, there are supply restrictions to Southeast Asian markets, including Malaysia and Indonesia, which require additional certification and agreement on veterinary certificates. Despite these challenges, the Southeast Asian market could potentially reach 200,000-300,000 tons of pork and 500,000 tons of poultry if all supply restrictions are lifted.

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

Original content

With the above title, the Russian newspaper commented that when the domestic market is completely saturated with poultry and pork meat, the country needs to increase exports, as not only China is a promising market but also the domestic market. The big market in Southeast Asia is also very potential. According to the above newspaper, in 2020, the growth of exports of Russian meat products is up to 49% and in the first half of 2021 it is 26%, according to the data of the federal center "Agroexport" of the Ministry of Agriculture. Russia's meat export turnover increased thanks to a sharp increase in pork exports to Vietnam. Russia only entered the Vietnamese market at the end of 2019, but already ranked first among the countries exporting meat to this market in the first half of 2021. In the period from January to June 2021, Russia exported 61,800 tons of meat of all kinds to Vietnam, an increase of 2.6 times over the same period in 2020. Pork exports increased 2.5 times, to 55,000 ...

Source: Vietnambiz