Trade4go Summary
In 2023, the Russian Federal Fisheries Agency (Rosrybolovstvo) reported a 36 percent increase in seafood exports to China, reaching a record 1.29 million metric tons. However, the export value only rose by 4.88 percent to USD 2.89 billion. Key exports included pollock, herring, sardines, fishmeal, and crab. This growth is attributed to strong bilateral relations between Russia and China, with both nations highlighting the significance of their cooperation for global stability.
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Original content
The Russian Federal Fisheries Agency (Rosrybolovstvo) released new numbers indicating the country saw a big uptick in seafood exports to China last year.According to statistics shared by the agency, Russia shipped 36 percent more seafood by volume to China in 2023 than it did in 2022. That increase, coupled with increases of other agricultural products, boosted agricultural trade to more than USD 11 billion (EUR 10.1 billion), it said. Based on Chinese customs data, Russia shipped 1.29 million metric tons (MT) of fish products to the country, an increase of 36.1 percent and a historical high. Despite the big increase in export volume, however, export value only increased to USD 2.89 billion (EUR 2.67 billion), or a 4.88 percent jump. According to Rosrybolovstvo, the country is maintaining that pace in 2024 and has so far shipped 522,640 MT of fish products to China. “The main fish exports to China are pollock (about 60 percent of the total), herring, sardines, fishmeal, and crab,” ...
Seafoodsource
Jul 13th, 2024
