Russia's agricultural exports to South Korea increased by 50%

In 2020, Russia increased its agricultural exports to South Korea by 50 percent. The structure of Russian agricultural exports to Korea is dominated by crustaceans, frozen fish, fish fillets, molluscs and corn. From January 1 to December 27, 2020, exports of agricultural products from Russia to the Republic of South Korea reached 866,000 tonnes worth $ 1.7 billion. According to the Federal Customs Service, the physical volume of deliveries increased by 50 percent compared to the same period in 2019, and in value - by 7.1 percent. South Korea ranks 6th among Russian food importers and remains second only to China in the seafood category with a share of 33 percent, the second largest buyer of meat meal, fourth in maize and fifth in soybean supply. About 45 percent of the volume exported from Russia was shellfish, whose supply decreased physically to 43,000 tons (-11 percent) in monetary terms, to $ 752 million (-0.8 percent) due to the coronavirus pandemic. The major part of this ...