Russian imports of fish and seafood are growing

Published Aug 17, 2023

Tridge summary

From January-July 2023, the import of fish products in the Russian Federation has increased by 23% year-on-year. The Faroe Islands accounted for a significant portion of the imports, with a 52% increase compared to the previous year. Turkey also saw an 11% increase in deliveries, moving it to second place in the list of main countries exporting fish products to Russia.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In January-June, 345 thousand tons of products were imported, which is 23% more year on year. About a quarter of the volume came from the Faroe Islands, which remain a major exporter on the Russian market. Deliveries from India and Saudi Arabia increased by three to seven times, from where mainly inexpensive types of shrimp are imported. However, a new round of ruble depreciation by the end of August may lead to a decrease in imports, experts predict. In January-July 2023, the import of fish products in the Russian Federation increased by 23% year-on-year, to 345 thousand tons, and its total value - by 17%, to $ 1.3 billion. During this period, the supply of frozen fish increased by 46% year on year, up to 153 thousand tons, crustaceans and molluscs - twice, up to 73 thousand tons. Most noticeable - by 52%, up to 60 thousand tons - imports to the Russian Federation increased the Faroe Islands. For the seven months of 2023, the share of this Danish autonomy was 24% in total imports ...
Source: Fishretail
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