Export of agricultural products from Russia has increased by 20%
According to the Agroexport center subordinate to the Ministry of Agriculture, the export of agricultural products from Russia by October 10 amounted to $ 25.2 billion, which is 20% higher than the indicator for the same period in 2020. According to the Agroexport center subordinate to the Ministry of Agriculture, the export of agricultural products from Russia by October 10 amounted to $ 25.2 billion, which is 20% higher than the indicator for the same period in 2020.
The supply of all types of agricultural goods has increased. The table below shows the export dynamics of some food products and commodities from Russia.
|
Products/commodities |
Increase ratio |
Export volume, billion $ |
|
Grain |
15% |
7.7 |
|
Fish and seafood |
15% |
4.5 |
|
Fat and oil products |
47% |
5.1 |
|
Processed food products |
9% |
3.4 |
|
Meat and dairy products |
29% |
1.1 |
|
Other agricultural products |
13% |
3.3 |
Top 3 importers from Russia
The leading buyer of Russian agricultural products is the European Union, which increased imports by 34% to $ 3 billion. Turkey and China are in the second and the third places in terms of purchases are correspondingly.
|
Importer |
Import dynamics |
Import volume, billion $ |
|
European Union |
+ 34% |
3.0 |
|
Turkey |
+33% |
2.9 |
|
China |
-9% |
2.6 |
The top 10 importers of Russian agricultural products also include South Korea, Kazakhstan, Egypt, Belarus, Ukraine, Uzbekistan and Azerbaijan.
Forecast of agricultural products export
According to the State Program for the Development of Agriculture and Regulation of Agricultural Products, Raw Materials and Food Markets, the export of agricultural products in 2021-2025 should gradually increase from $ 26 billion to $ 35.4 billion. Last year, supplies abroad reached $ 30.7 billion.
Export of agricultural products from Russia in 2021-2025 (forecast):
|
Year |
Export volume, billion $ |
|
2021 |
26.0 |
|
2022 |
28.0 |
|
2023 |
31.0 |
|
2024 |
34.0 |
|
2025 |
35.4 |
Exports and investment projects
The head of the Agroexport center, Dmitry Krasnov, at a round table during the Golden Autumn exhibition, said that projects aimed at exporting agricultural products would make it possible to attract investments in the industry for 818 billion rubles by 2024. According to him, more than 1.2 thousand investment projects have been announced in the agricultural sector and are being implemented by 2024, of which 305 are export-oriented.
“As a result of the implementation of these projects, the export of the Russian agro-industrial complex may increase by more than $ 4.9 billion from the level of 2020,” Krasnov said. According to the presentation of the center, the largest number of such projects (83) for 305 billion rubles are implemented in the Central Federal District. Their export earnings are estimated at $ 2 billion.
Source: Agroinvestor