Russia is increasing its fish exports, and seafood supplies to China have reached a historic high

Published Jul 10, 2024

Tridge summary

In 2023, the agricultural trade between China and Russia experienced a significant increase of 33%, reaching over $11 billion. China became the largest consumer of Russian fish products, accounting for approximately 50% of exports. The main fish exports to China included pollock, herring, sardines, fishmeal, and crabs. The first Russian crab festival was held in Shanghai to promote seafood from Russia. The export volume of live crabs to China saw a 10% increase in 2024, reaching USD 461.3 million. Russia has expanded the geography of its fish exports to 80 countries, with the main importers being China, the Republic of Korea, the Netherlands, Japan, Nigeria, Germany, and several new countries.

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

Original content

Russian-Chinese cooperation in the field of fisheries is based on mutual interest and a long-term perspective. In general, the strategic partnership between Russia and China is actively developing, based on many years of good neighborly relations. In 2023, agricultural trade turnover between China and Russia increased by 33%, amounting to more than $11 billion. Last year, 1.29 million tons of seafood were imported into China - this is a historical maximum, Deputy Premier of the State Council of the People's Republic of China Zhang Guoqing emphasized at the fifth meeting of the Intergovernmental Russian-Chinese Commission for Cooperation and Development of the Far East of the Russian Federation and the Northeast of the People's Republic of China. Deputy Prime Minister and Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District Yuri Trutnev noted the good dynamics of economic growth in our countries. Over the past years, China has been the ...

Source: Aemcx