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Record high Russian agro-exports in 2020

In 2020, Russian agricultural product export increased 20%, reaching historical records.

1 April 2021
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In 2020, Russia supplied 79 million tons of agricultural products worth $30.7 billion to foreign markets, which is $5 billion or 20% more than last year. Thus, agro-exports reached a record high, beating the 2018 high of $25.8 billion.

In 2020, the total physical volume of meat exported increased by 53% and amounted to 525 thousand tons. In monetary terms, shipments reached $887 million, 49% higher than in 2019. More than 200 thousand tons (+87%) of pork was exported with a total export value of $336 million (+91%).

China is the leading buyer of Russian meat, followed by Vietnam and Ukraine. At the end of 2019, the Vietnam market opened for Russian pork shipments, thanks to which last year's meat exports to Vietnam doubled to 73 thousand tons and value increased 4.4 times to $140 million. Pork accounted for about 94% of this volume. Ukraine imported 79 thousand tons of Russian meat (+6.8%), worth $108 million, of which Pork accounted for 62% of the value.

Grain exports increased by 25% to 49 million tons, and value grew by 29% to $10 billion. Wheat shipments increased by 22% to 39 million tons, and were up 29% in value to 8.3 billion dollars, thanks to rising prices. Foreign sales of barley amounted to 6.1 million tons (+54%) for $1.1 billion. (+44%), corn at 4 million tons (+29%) worth $741 million. (+20%). Turkey was the top buyer of Russian grain followed by Egypt and Saudi Arabia.

March 9, 2021/ AGROEXPORT/ Russia.
https://aemcx.ru

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