Shenyang joins the battle of Chinese cities for the Russian seafood trade

Published 2024년 2월 5일

Tridge summary

Russian seafood exporters are shifting their focus to China following an expanded U.S. ban on Russian seafood. The 2024 China-Russia Economic and Trade Cooperation Negotiation Conference saw 55 contracts signed, worth CNY 13.6 billion, including several seafood deals. Shenyang, a city in Northern China, is becoming a hub for increased Sino-Russian trade, with a 80.2% year-on-year increase in trade in 2023, and Russian imports rising over 400%. China, South Korea, and Japan are Russia's main seafood markets, with China making up over 50% of total exports.

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Original content

With an expanded U.S. ban on Russian seafood coming into effect that now includes products processed in third countries, Russian exporters are increasingly pivoting to China.At the 2024 China-Russia Economic and Trade Cooperation Negotiation Conference on 29 and 30 January, in Shenyang, China, 55 contracts worth CNY 13.6 billion (USD 1.9 billion, EUR 1.8 billion) were signed, including several seafood deals. Numerous seafood companies and cold chain logistics firms participated in the trade event, which was organized by the municipal government of Shenyang, a city in Northern China that is positioning itself as a hub for enlarged Sino-Russian trade as Moscow looks east for economic partners. Footage of the event on provincial TV shows locals eating Russian crab and trying smoked trout in indoor food halls decorated in Russian colors, and Russian food and cultural fairs running in venues across Shenyang.“Shenyang has been strengthening cooperation with Russia,” the city’s ...

Source: Seafoodsource