News

Russian agricultural exports grew by 20% in 2020

Seafood
Russia
Published Mar 10, 2021

Tridge summary

In 2020, Russia supplied 79 million tons of agricultural products worth $ 30.7 billion to foreign markets, which is $ 5 billion or 20% more than last year *. Thus, agricultural exports reached a record value, breaking the maximum in 2018, which resulted in an indicator of $ 25.8 billion. Growth was demonstrated by all major groups of goods, with the exception of fish and seafood, where, due to price reductions due to the coronavirus pandemic, the value of exports decreased by 2 ,one%.

Original content

Shipments of grain in monetary terms increased by 29%, fat and oil products - by 22%, meat - by 49%, dairy products - by 11%. The supply of food and processing industry products showed an increase of 13%. According to the Federal Customs Service, in 2020, more than 150 countries were importers of agricultural products from Russia. The leading position among them is kept by China, whose purchases exceeded $ 4 billion. Last year, 4.8 million tons of food products worth $ 4.02 billion were imported to the PRC, which is 26% more than in 2019. Turkey is in second place, which increased imports by 26% to $ 3.1 billion. Also in the top 3 buyers, as in the previous year, is Kazakhstan, which increased imports by 12% to $ 2.1 billion. Grain Grain exports increased by 25% to 49 million tons, in monetary terms. In terms of terms, the volume increased by 29% to $ 10 billion. Due to such significant dynamics, the share of grain in the export structure increased to 33%. All three main export ...
Source: Aemcx
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