Status of production and export of fishery products in Russia

Market & Price Trends
Published Apr 15, 2024

Tridge summary

In 2023, Russia's fish catch increased by 8.7% to 5.3 million tons, with significant exports to China, Korea, Japan, and the EU, particularly in pollack, crab, cod, and salmon. Pollack constituted about 30% of Russia's seafood exports from 2019 to 2022, with the export volume of marine products in 2022 valued at $3.97 billion for frozen fish and $2.708 billion for crustaceans. Despite geopolitical tensions, such as the war between Russia and Ukraine affecting trade dynamics, China remained the top importer of Russian seafood in 2022. The article also discusses the impact of political decisions on trade, including Russia's ban on Japanese seafood imports and adjustments in fishing quotas, but notes the operational resilience of the Russian fishing industry amidst sanctions. Legislative changes and geopolitical factors are reorganizing the import and export structure of Russian fishery products, yet trade with key partners like Korea, China, and Japan is expected to continue.
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

Production of 5.3 million tons of seafood in 2023... 8.7% increase compared to the previous year Pollack accounts for the largest share of Russian seafood exports Occupied an average of about 30% over the four years from 2019 to 2022 Crab, cod, salmon, and herring are exported to China, Korea, Japan, and the EU. According to the Russian Fisheries Agency, Russia's total fish catch in 2023 recorded 5.3 million tons, an 8.7% increase from the previous year. In Russia, marine products such as pollack, crab, cod, and salmon, which are familiar to us, are caught in various regions. According to international trade statistics from the International Trade Center (ITC) under the World Trade Organization (WTO), the largest export volume of Russian marine products in 2022 was frozen fish, which recorded $3.97 billion, a 65% increase from the previous year, accounting for half of the total export amount. occupied. Crustaceans, which ranked second, also recorded $2.708 billion, a 1.7% increase ...
Source: Fisheco
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