Analysts believe that the Chinese market may soon open to new categories of Russian goods, which will significantly strengthen further cooperation.
This year, positive changes have been observed in trade between Russia and China, experts note.
For example, animal product exports from China to Russia increased by 34% compared to last year. Specifically, fish imports increased by 24%, and poultry by 16%.
At the same time, Russia increased its meat exports to China by 17%, which is also a significant increase.
Furthermore, Russian grain exports to China have increased by approximately 3% this year. Currently, the volume of exports for the year has approached 3.2 million tons.
This achievement was primarily due to a threefold increase in corn exports.
Furthermore, sunflower seed exports increased by 70%, flaxseed by 40%, and buckwheat by 20%. Shipments of soybean meal to China also increased eightfold.
Meanwhile, imports of Chinese products have also increased. Since the beginning of the year, Russia has purchased approximately 700,000 tons of such products.
Experts emphasize that this is 46% more than the previous year. Thus, we are witnessing impressive growth rates.
In particular, Russia purchased four times more potatoes from China than the previous year, twice as many onions, and 70% more cabbage. Shipments of apples and cucumbers increased by approximately a third.
As for future plans to develop and strengthen mutual trade in the agricultural sector, the possibility of starting exports of several new types of agricultural products to China is being considered in the near future.
These include cereals, rapeseed and flaxseed oil, as well as buckwheat, corn, and millet flakes.
Finally, in the foreseeable future, the Chinese market may open to Russian wheat, barley, and rapeseed, as well as finished meat products.
Experts note that in most cases, supplying agricultural products to the Chinese market is difficult because the country imposes strict phytosanitary requirements on every potential exporter.
However, once this procedure is completed, every opportunity opens for building long-term, mutually beneficial cooperation.
Overall, according to the latest data, trade turnover between Russia and China has grown by 14%.
During this period, Russia has increased its agricultural exports to China by approximately 10%. Given the size of the Chinese market, this can be considered a significant achievement.
