This year, the Russian Federation increased the export of agricultural products to friendly countries by 25%

Market & Price Trends
Published Dec 8, 2023

Tridge summary

In 2023, the Russian Federation increased exports of agricultural products to friendly countries by 25%, with their share in total agricultural exports reaching 87%. They expanded supplies to new markets, including Indonesia, Mexico, Brazil, Tanzania, and Kenya. The main driver of export growth was grains and leguminous crops, with wheat, barley, and corn experiencing significant increases in exports.
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Original content

“We shifted the focus in their direction, which made it possible to expand supplies even to those countries that were previously outsiders in terms of our exports. Exports of agricultural products to friendly countries in 2023 increased by 25%. Their share in the total volume of agricultural exports is already 87 %. Exports to China this year increased by 58%, to Egypt - by 19%, to India - by 56%," Krasnov said, adding that Russian agricultural products are supplied to 150 countries around the world. As the head of the center noted, geographic diversification makes exports more sustainable. In particular, exports to Indonesia increased by 5.3 times, to Mexico by 4.3 times, and to Brazil by 3.8 times. Exports to Tanzania increased 14 times, to Kenya - 4 times. “Vanuatu is a new market for us,” he added. Krasnov also said that in 2023, new markets for Russian agricultural products appeared in 14 countries. “Including the right to supply poultry meat to Algeria, fish to Tunisia, ...
Source: Interfax
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