Trade4go Summary
In November 2024, Russia achieved a record high of US$148.7 million in crab exports to China, a 44% increase from the previous year and 50% increase from the previous month, setting a new high in monthly trade between the two countries. The total trade volume of crabs between China and Russia reached US$993 million in the first 11 months of 2024, a 4% increase from the same period last year. Russia's high-end seafood products, especially crabs, are experiencing significant growth in the Chinese market. The Russian Crab Company (RCC), the largest king crab fishing company in Russia, plays a key role in promoting exports to China. The demand for sea crabs in the Chinese market is increasing, and Chinese consumers are paying more attention to product quality and brand, providing Russian exporters with opportunities to deepen brand building. Despite strong market demand, price fluctuations remain a concern in the industry.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
In November 2024, Russia's crab exports to China reached a record high of US$148.7 million, up 44% year-on-year and 50% month-on-month, becoming a new peak in monthly trade between the two countries. Data show that in the first 11 months of 2024, the total trade volume of crabs between China and Russia has reached US$993 million, up 4% from the same period last year. Russia's high-end seafood products, especially crabs, are further growing rapidly through the Chinese market. Crab exports surge, bilateral trade vitality highlights According to the analysis of Chinese customs data by the Russian Satellite News Agency, Russia's total seafood exports to China reached US$307 million in November, up 18% year-on-year. Among them, crabs accounted for nearly 1.5 The export value of US$100 million accounted for nearly half of the total export value, becoming the absolute main force of Russian seafood exports. Frozen fish followed closely behind, accounting for 45% of the total export value, ...
Foodmate
Dec 31st, 2024
