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Trade turnover of agricultural products between Russia and China in 2023 increased by 40%

Published May 17, 2024

Tridge summary

In 2023, the trade turnover of agricultural products between Russia and China surged by 40% to $9.7 billion, with Russian food exports to China increasing by over one and a half times to $7.6 billion. Russian President Vladimir Putin emphasized this growth during a press conference in Beijing, highlighting the potential for further expansion. The Agroexport center reported that 9.4 million tons of Russian agricultural products were supplied to China, marking a 2.3-fold increase from the previous year. China now accounts for 20.4% of Russia's total agricultural exports, with key items including frozen fish, rapeseed oil, crustaceans, sunflower oil, and soybeans.
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Original content

Moscow. 16th of May. INTERFAX.RU - Trade turnover of agricultural products between the Russian Federation and China in 2023 increased by 40% and reached $9.7 billion, Russian President Vladimir Putin said at a press conference in Beijing. “I would especially note the growth of Russian food exports to the Chinese market - more than one and a half times, to $7.6 billion (in 2023 - IF). In general, bilateral trade in agricultural products increased by 40%, to $9.7 billion," he said He. Putin emphasized that “there is every reason to believe that this segment of trade will continue to expand.” As reported in the review of the Agroexport center under the Ministry of Agriculture, in 2023, in physical terms, 9.4 million tons of Russian agricultural products were supplied to China, ...
Source: Interfax
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