In 2023, Russia supplied its agricultural products to 169 countries, with agricultural exports growing by 14%.
According to Deputy Prime Minister Victoria Abramchenko, the main countries to which the Russian Federation currently supplies its products are China, Turkey, Egypt, Belarus, India and Saudi Arabia, as well as Uzbekistan.
The total volume of products sold for 2023 was $45 billion. This compares to $41.6 billion for 2022, which is a significant increase.
Experts note that over the past 2 years, Russia has harvested record grain and oilseed harvests both times, which became the basis for powerful agricultural exports.
In particular, in physical terms, exports of grains and oil and fat products increased by about a third.
At the same time, the Russian Federation managed to increase its exports not only in volume, but also in value terms, and this despite the fact that in 2023 prices for agricultural products decreased by an average of 20% when compared with 2022.
At the same time, exports of fish products increased by about 7%, which was also an important result. Analysts note that this result was mainly achieved due to the fact that China reopened its borders after the pandemic.
Thus, it was grains, fish and fat and oil products that became the main growth factors for this year.
“These three groups of goods made the main contribution to the growth in the value of exports of agricultural products. IN
In addition, progress is also observed in some other segments that occupy minor positions in the export structure, but are also important, for example, meat and flour,” noted Daria Snitko, vice president and head of the analytical department of Gazprombank.
At the same time, at the moment there are some restrictions on the export of a number of products, for example, grain.
This forces agricultural producers to partially switch to other types of products, including flour and legumes.
Russia switches to friendly countries
According to the latest estimates, the share of friendly countries in the structure of Russian agricultural exports this year was about 87%, with an increase of 25%.
The main countries with which Russia is now working closely are China, Egypt, and India.
Thanks to this diversification, it was possible to largely overcome all the difficulties that were associated with the disruption of shipping in the Black Sea, as well as the consequences of sanctions, including those that limit payments for food.
Currently, a significant part of settlements is carried out in rubles, especially with countries such as Syria, Iran and Kazakhstan.
