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      Home / Markets

      Russia expanded its agricultural trade with China by 36%

      Dmitry Savinsky avatar Dmitry Savinsky
      June 20, 2024, 10:00 am
      June 20, 2024, 10:00 am
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      Russia expanded its agricultural trade with China by 36%
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      During a recent conference focused on developing Russian-Chinese agricultural relations in China, Russia’s Deputy Minister of Agriculture, Maxim Uvaidov, reported a significant increase in trade between the two nations. The turnover of agricultural products between the two countries grew by 36% in 2023, with China being the largest consumer of Russian agricultural products, accounting for 18% of Russia’s total exports.

      This growth is attributed to increased market access for various Russian agricultural goods. Over the past six years, Russia has secured the export of 20 types of agricultural products to China, including poultry, beef, and dairy products. Notably, this year marked the beginning of pork shipments to China, showcasing substantial potential for growth in this sector.

      The conference also covered topics such as livestock development, veterinary science, and potential cooperative ventures involving Russian research institutes and universities. A center dedicated to promoting Russian organic products was also opened in Hangzhou to strengthen the agricultural ties between Russia and China.

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