The European Union ousted China from the first place in the import of food from Russia

Published 2022년 2월 22일

Tridge summary

In 2021, the European Union overtopped China as the leading buyer of Russian food products, marking a 41% increase from the previous year to $4.7 billion. This growth was largely due to higher prices of crabs and grain, while deliveries to China fell by 12% due to closed ports for Russian fish. Overall, Russian agro-industrial exports hit a record high, increasing by over 23% from 2020 to $37.7 billion. The exports to the EU were dominated by fish products and grain, with crab exports to the EU more than doubling. The increase in crab prices attracted consumers in the United States, and grain exports also saw a significant rise due to increased demand and the introduction of an export duty by Russia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By the end of 2021, the European Union overtook China in terms of purchases of Russian food. The growth of exports to the EU was provided primarily by the rise in price of crabs and grain. Deliveries to China sank due to the closure of ports for Russian fish. The countries of the European Union became the largest buyer of Russian food in 2021, according to the data of the federal center Agroexport (available from RBC). Last year, the EU bought $4.7 billion worth of agro-industrial products from Russia, which is 41% more than in 2020, and displaced China from the first line of the former leader. Russian food deliveries there in 2021 fell by 12%, to $3.5 billion. At the end of the year, China took only third place, leaving behind Turkey, which increased purchases of Russian agricultural products by 38%, to $4.3 billion. In monetary terms Russian agro-industrial exports set a new record in 2021 — it grew by more than 23% compared to the previous year, which, in turn, was also a ...

Source: Milknews