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| Russian agricultural exports surge as trade with China grows | Russian agricultural exports surge as trade with China grows |
| (6 months later) | |
| Russia’s agricultural sector has seen impressive growth in sales abroad this year, according to the latest data published by the AgroExport center under the country’s Ministry of Agriculture. | Russia’s agricultural sector has seen impressive growth in sales abroad this year, according to the latest data published by the AgroExport center under the country’s Ministry of Agriculture. |
| In 2021, exports of agricultural products from Russia reportedly totaled more than $4.1 billion as of February 28, marking a rise of 35.8 percent compared to the same period a year ago. | In 2021, exports of agricultural products from Russia reportedly totaled more than $4.1 billion as of February 28, marking a rise of 35.8 percent compared to the same period a year ago. |
| Exports of grains within the specified period more than doubled as Russian farmers exported over $1.8 billion worth, while sales in the fat-and-oil sector rose 6.3 percent to $687 million. Exports of meat and dairy products grew by 33.7 percent to $135 million. | Exports of grains within the specified period more than doubled as Russian farmers exported over $1.8 billion worth, while sales in the fat-and-oil sector rose 6.3 percent to $687 million. Exports of meat and dairy products grew by 33.7 percent to $135 million. |
| At the same time, exports of fish and seafood saw a drop of 25.7 percent and totaled $448 million, while foreign sales of food and pharmaceutical industry products amounted to $346 million, a decline of 5.7 percent. | At the same time, exports of fish and seafood saw a drop of 25.7 percent and totaled $448 million, while foreign sales of food and pharmaceutical industry products amounted to $346 million, a decline of 5.7 percent. |
| China remained the major consumer of Russian agricultural products, with the share of Russian exports totaling 18.9 percent. In 2021, China increased imports of Russian agriculture by 27.3 percent to $741 million. | China remained the major consumer of Russian agricultural products, with the share of Russian exports totaling 18.9 percent. In 2021, China increased imports of Russian agriculture by 27.3 percent to $741 million. |
| Turkey, the second biggest buyer, raised its purchases by 40.8 percent to $628 million. Egypt, ranked third, bought $448 million worth, half as much as the nation exported in the same period a year ago. | Turkey, the second biggest buyer, raised its purchases by 40.8 percent to $628 million. Egypt, ranked third, bought $448 million worth, half as much as the nation exported in the same period a year ago. |
| The European Union, South Korea, Azerbaijan, Ukraine, Pakistan, Uzbekistan, and Mongolia also entered the top 10 of the largest buyers of Russian agricultural goods. | The European Union, South Korea, Azerbaijan, Ukraine, Pakistan, Uzbekistan, and Mongolia also entered the top 10 of the largest buyers of Russian agricultural goods. |
| According to the agency’s estimates, foreign sales in the sector totaled $30.658 billion in 2020, a significant rise compared to $25.6 billion in the previous year. | According to the agency’s estimates, foreign sales in the sector totaled $30.658 billion in 2020, a significant rise compared to $25.6 billion in the previous year. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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