Russia exported $1 billion worth of agro-industrial products to China in the first three months of 2021 alone. This is 9.5% higher than the same period last year.

According to the portal of Exporters of Russia, in the first quarter the total goods amounted to 1.8 million tons - 57% higher than a year earlier. The total price of supplies increased by 9.5% to $1.09 billion.

Soybean exports saw the most notable growth: shipments rose 4.4 times to more than 1 million tons and in monetary terms rose 4.9 times to $357 million.

Crustacean purchases also increased by 75%. Export revenue amounted to 97 million dollars - 2.2 times more than in 2020.

According to experts, the positive trends in exports will continue in the near future. The potential supply of agribusiness products until 2030 is estimated at $7-7.6 billion. Frozen fish, shellfish, soy beans, sunflower oil, rapeseed and soybean oil, poultry meat, chocolate confectionery and dairy products could become the most promising.

Made in Russia // Made in Russia

Author: Maria Buzanakova