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Share of Russian agricultural exports to friendly countries grows to 82% in 2022

Christian Fernsby |
Russia transformed its export flows of agricultural products in 2022, increasing the share of products shipped to friendly countries, the Agriculture Ministry's Agroexport Center reported after an agribusiness seminar organized by Sberbank.

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Despite sanctions, Russian agricultural exports saw strong growth in 2022, Agroexport's head of analysis of foreign markets and export potential, Dmitry Gorin said at the seminar.

This was achieved in part by rerouting exports to "friendly" countries, whose share of Russia's agricultural exports grew to 82% in 2022 from 72% in 2021, he said.

In addition, the share of products with higher added value in Russian exports grew and new markets were tapped. Russia opened up access to 19 countries for 49 types of products in 2022.

"Based on current trends, we do not expect a decrease in Russian exports in 2023. The size of friendly countries' markets exceeds $730 billion, and we need to look for new niches and markets," Gorin said.

The Agriculture Ministry reported on Thursday that Russian agricultural exports grew by almost 12% in 2022. They increased to $37.1 billion in 2021 from $30.5 billion in 2020.


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