20% jump in Russian agricultural exports : Russia’s Ministry of Commerce said in its latest report that the country’s agricultural exports jumped 18 percent from January to August compared to last year.
Russia’s Ministry of Commerce said in its latest report that the country’s agricultural exports jumped 18 percent from January to August compared to last year.
In monetary terms, Russia’s export growth reached about $ 20 billion. Grain exports jumped 15 percent to about $ 6 billion, while foreign sales of oils and fats jumped a whopping 44 percent to $ 4.5 billion.
Exports of milk and dairy products jumped 26 percent to $ 905 million. International sales of fish and seafood grew 8% to $ 3.4 billion. At the same time, exports of food and processed goods increased by 6% to $ 2.6 billion.
Turkey and the European Union were the largest importers of Russian agricultural products during this period, accounting for 12.5 percent and 11.5 percent of Russia’s total agricultural exports, respectively. South Korea is next with 7.5 percent and Kazakhstan with 5.9 percent. Egypt, Belarus, Ukraine, Uzbekistan and Saudi Arabia are other major importers of agricultural products from Russia.
Russia’s agricultural imports to South Korea jumped 53 percent to $ 1.489 billion, while exports to Europe jumped 31 percent to $ 2.356 billion.
Turkey increased its purchases of agricultural products from Russia by 30% to $ 2.492 billion, while Kazakhstan bought $ 1.172 billion in food from Russia.
Exports to China fell 7 percent to $ 2.3 billion during the period.