Russia’s agricultural sector has seen spectacular development in gross sales overseas this 12 months, in keeping with the most recent knowledge revealed by the AgroExport heart underneath the nation’s Ministry of Agriculture.
In 2021, exports of agricultural merchandise from Russia reportedly totaled greater than $ four.1 billion as of February 28, marking an increase of 35.eight % in comparison with the identical interval a 12 months in the past.
Exports of grains inside the specified interval greater than doubled as Russian farmers exported over $ 1.eight billion price, whereas gross sales within the fat-and-oil sector rose 6.three % to $ 687 million. Exports of meat and dairy merchandise grew by 33.7 % to $ 135 million.
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On the identical time, exports of fish and seafood noticed a drop of 25.7 % and totaled $ 448 million, whereas international gross sales of meals and pharmaceutical trade merchandise amounted to $ 346 million, a decline of 5.7 %.
China remained the most important shopper of Russian agricultural merchandise, with the share of Russian exports totaling 18.9 %. In 2021, China elevated imports of Russian agriculture by 27.three % to $ 741 million.
Turkey, the second largest purchaser, raised its purchases by 40.eight % to $ 628 million. Egypt, ranked third, purchased $ 448 million price, half as a lot because the nation exported in the identical interval a 12 months in the past.
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The European Union, South Korea, Azerbaijan, Ukraine, Pakistan, Uzbekistan, and Mongolia additionally entered the highest 10 of the most important patrons of Russian agricultural items.
In line with the company’s estimates, international gross sales within the sector totaled $ 30.658 billion in 2020, a big rise in comparison with $ 25.6 billion within the earlier 12 months.
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