Russia is increasing its fish exports: seafood supplies to China have reached a historic high

In 2023, the trade of agricultural products between China and Russia experienced a significant increase of 33%, reaching over 11 billion US dollars. This growth was primarily driven by a surge in China's purchases of Russian grain and fish, with grain imports up by 57% and fish imports exceeding 36%. China's import of Russian seafood hit a record high of 1.29 million tons, and the demand for crab products from Russia saw a notable increase of 10%, contributing to a 29% rise in their value. Over the past two years, Russia has exported fish products to 80 countries, witnessing a 9% increase in its supplies to foreign markets.

In 2023, trade turnover of agricultural products between China and Russia increased by 33%, amounting to more than 11 billion US dollars. In particular, China increased purchases of Russian grain by 57% and Russian fish by more than 36%. Last year, 1.29 million tons of seafood were imported into China - this is a historical maximum, Deputy Premier of the State Council of the People's Republic of China Zhang Guoqing emphasized at the fifth meeting of the Intergovernmental Russian-Chinese Commission for Cooperation and Development of the Far East of the Russian Federation and the Northeast of the People's Republic of China. Deputy Prime Minister - Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District Yuri Trutnev noted the good dynamics of economic growth in our countries. Over the past years, China has been the largest consumer of Russian fish products, accounting for about 50% of exports. According to Chinese customs statistics, in 2023, ...