Russian Agri- Exports to China Fell By 7% from Jan. to Aug

Russian Agri- Exports to China Fell By 7% from Jan. to Aug. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.

According to the latest data from the Russian Agricultural Export Development Center (Agroexport), Russian agricultural exports to China fell by 7% y/y from Jan. to Aug. this year.
 
Till Sep. 5, Russian agricultural exports to China reached US$2.343 bln., compared with US$2.522 bln. in the same period last year, a decrease of 7% over the same period.
 
China is Russian 3rd. largest export destination country. China accounts for the export of 11.4% of Russian agricultural products. The agricultural products that China opens to Russia include poultry, beef, and dairy products.
 
Russian agriproducts exports to China are mainly oil products (US$719 mln), aquatic products (US$619 mln), meat products (US$256 mln) and grain (US$800 bln).
 
The decline in the export volume of Russian agricultural products to China is caused by many reasons. As far as meat products are concerned, Russian beef obtained market access to China in 2020, which did not attract much attention from Chinese importers at that time. But in the first quarter of this year, Russia exported 3,500 tons of beef to China, which was more than 20 times that of the same period last year. 50% of Russia's exported beef was shipped to the Chinese market. Russian beef products have a certain price advantages. In the first half of this year, Russia's beef exports to China increased significantly, accounting for more than 55% of the country's total beef exports, making China the largest buyer of Russian beef. But at the same time, poultry meat exports have declined. In the first half of this year, Russian poultry meat exports to China fell by 22% y/y. The main reason may be the drop in domestic pork prices in China, and poultry meat itself is not the main meat consumer product of Chinese consumers. When the supply of pork is sufficient and the price is low, consumers turn to buying pork, and the demand for poultry meat declines accordingly.
 
Fish products exports to China have fallen very seriously. From January to August, the export value of Russian fish products to China fell by 33%. This is mainly due to the impact of the epidemic. China customs is conducting COVID-19 testing is very strict in testing imported frozen products, especially aquatic products. Once the goods are found to be positive for the new crown, they will adopt a circuit breaker mechanism for exporters/fishing vessels. This measure has greatly affected the export of Russian aquatic products.

For further information about China's imports and exports of meat products, please contact:

Ms. Linda Li
0086（0）21 3538 3306
sinoloben@thecustoms.com.cn

As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.

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