MOSCOW: In 2015, agricultural exports from Russia could reach $20 billion, which is $5 billion more than in the previous year, the Russian Ministry of Agriculture has estimated, based on statistical data for the first three quarters.
More than two thirds of Russia’s exports of food and agricultural products are aimed at foreign countries. The key trading partners include the EU, in particular Germany and the Netherlands, as well as African countries and China. In total, Russia exports its products to 140 countries, according to World Trade Center estimates.
The basis of the Russian agricultural exports is formed by crops, vegetable oil, meat, poultry, fish and seafood.
The key purchasers of, for instance, Russian wheat and barley are Egypt, Saudi Arabia, Iran, Azerbaijan, Yemen, Libya, Nigeria, South Africa and Korea. Russia exports about 30 million tons of grain annually to 127 countries.
Russia also ships vegetables to 86 countries, with the largest volumes being delivered to Turkey, India and Lithuania. The country exports vegetable and animal oils to Turkey and Egypt, Kazakhstan, Algeria and another 90 countries. Fruit and nuts are exported to Belarus, China, Kazakhstan and Lithuania.
In 2015, agricultural exports from Russia could reach $20 billion, which is $5 billion more than in the previous year, the Russian Ministry of Agriculture has estimated, based on statistical data for the first three quarters.
More than two thirds of Russia’s exports of food and agricultural products are aimed at foreign countries. The key trading partners include the EU, in particular Germany and the Netherlands, as well as African countries and China. In total, Russia exports its products to 140 countries, according to World Trade Center estimates.
The basis of the Russian agricultural exports is formed by crops, vegetable oil, meat, poultry, fish and seafood.
The key purchasers of, for instance, Russian wheat and barley are Egypt, Saudi Arabia, Iran, Azerbaijan, Yemen, Libya, Nigeria, South Africa and Korea. Russia exports about 30 million tons of grain annually to 127 countries.
Russia also ships vegetables to 86 countries, with the largest volumes being delivered to Turkey, India and Lithuania. The country exports vegetable and animal oils to Turkey and Egypt, Kazakhstan, Algeria and another 90 countries. Fruit and nuts are exported to Belarus, China, Kazakhstan and Lithuania.
In response, Russia has decided to introduce a food embargo against Ukraine as it has done with the EU countries. However, Belarus has promised to provide substitutes for Ukrainian produce in the Russian food market.
A food embargo has also been introduced against Turkey because of the Russian bomber downed by the Turkish air force on the border between Turkey and Syria on Nov. 24.
It appears that the ban on Turkish imports will be limited to fruit and vegetables. Turkey now says that it will not introduce any retaliatory measures. The main component of food exports from Russia to Turkey (56.1 percent) is grain crops.
Exports of food and agricultural products from Russia to Turkey increased by one third to $2.4 billion in 2014. Since the beginning of this year, Russia has exported 3.5 million tons of grain to Turkey. During the first 10 months of 2015, Russia exported to Turkey $1.4 billion worth of food, which is almost by 25 percent lower than a year earlier.
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