Russia's Primorsky Krai will increase its agricultural product supply to China

Published Oct 30, 2024

Tridge summary

The Primorsky Territory in Russia is strategically positioned to enhance its integration into the Asia-Pacific economy, significantly boosting its foreign trade, particularly with China. The region exports a variety of food products, including grains, soybeans, oil commodities, meat, dairy, ice cream, and lime honey to over 40 countries. In 2023, trade with China increased by 15% to $8.5 billion, contributing to a 33.9% rise in overall agricultural trade between Russia and China, reaching $11.1 billion. Over six years, Russia's agricultural exports to China have grown 1.7 times, underscoring the region's export potential and economic growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Mashunin, the geographical location of the Primorsky Territory enables the region to quickly integrate into the growing Asia-Pacific economy and dramatically increase foreign trade. He pointed out that the Primorsky Territory currently exports food to more than 40 countries, mainly grains, soybeans, oil commodities, meat and dairy products. Mashunin said that in addition to the above products, ice cream from the Primorsky Territory is also very popular in the Chinese market. He also said that the lime honey from the Primorsky Territory enjoys a high reputation in China, and next year the territory will increase the export volume of environmentally friendly honey supplied to China to 12,000 tons, and honey producers in the Primorsky Territory have the required potential. In March this year, Oleg Kozhemyako, the chief executive of the Primorsky Territory of Russia, said that in 2023, the trade volume between the Primorsky Territory and China increased by 15% ...
Source: Foodmate

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