Russia ramps up seafood exports to China and Africa

Published Aug 8, 2023

Tridge summary

Due to Western sanctions, Russia has increased its seafood exports to China, which now accounts for 53% of the country's total seafood exports. Frozen cod remains the dominant export, with volumes increasing by 23% compared to last year. Additionally, Russia is expanding its seafood sales to Africa, with purchases by African countries increasing by a third in 2023, and experts predict a significant increase in fish supply to Africa in the coming years.

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

Original content

Following the Russo-Ukrainian War, Russia increased its seafood exports to China, seeking to create new markets for its fish and shellfish due to Western sanctions against Russia. the According to statistics from the Russian Fisheries Union, as of July this year, Russia's seafood exports to China accounted for 53% of the country's total seafood exports, and China became the largest importer of Russian seafood. the Russia's top five seafood export markets included South Korea, which accounted for 34 percent of July's total imports, the Netherlands, which accounted for 7 percent, and Japan and Germany, which accounted for 1 percent each. the Frozen cod continues to account for the majority of Russian seafood exports, with volumes increasing by 23% compared to the same period last year and accounting for 44% of total Russian seafood exports. the Exports of frozen herring and live crab rose by 40% and 19% respectively. Exports of pollock fillets fell 42% year-on-year, ...

Source: Foodmate