Closure of China for Russian exporters of fish and seafood compensated by South Korea and Africa

South Korea
Published Aug 14, 2021

Original content

Andrey Dalnov, head of the Center for Industry Expertise (CEC) of the Russian Agricultural Bank, told which markets Russian fish are sailing to.The import restrictions introduced by China at the end of 2020 created additional barriers for Russian fish and seafood producers to supply the main foreign consumer to the market. According to the Rosselkhozbank's Center for Industry Expertise, at the beginning of 2021, China's share in the structure of domestic fish exports fell to 15%, while shipments to South Korea increased year-on-year from 22% to 58% of the total volume of exported products in physical terms. Despite the continued leadership of Asian markets, African countries can become a promising direction, which in January-April this year showed the largest increase in imports of Russian fish and seafood after South Korea. In the first 4 months of 2020, China imported 67% (457.520 thousand tons) of all the products of the Russian fishery complex supplied abroad, however, for the ...
Source: Agroxxi
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