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The bank said: "According to the data from the Expert Appraisal Center of the Agricultural Bank of Russia, at the beginning of 2021, China's share in Russia's export structure (from 67%) fell to 15%, while South Korea's share increased from 22% to 58%
.
"
.
"
Although Asia is still the largest export market for Russian products, the African market may also have broad prospects
.
Data from January to April show that Africa’s import growth of Russian fish and seafood is second only to South Korea
.
According to the customs data of the Russian Federation, in the first four months of 2020, China’s imports of Russian aquatic products accounted for 67% of Russia’s total aquatic product exports (457,520 tons), compared to only 15% (78,659 tons) in the same period in 2021
.
South Korea’s share of Russian aquatic product exports increased from 22% (151,894 tons) to 58% (301,789 tons)
.
.
Data from January to April show that Africa’s import growth of Russian fish and seafood is second only to South Korea
.
According to the customs data of the Russian Federation, in the first four months of 2020, China’s imports of Russian aquatic products accounted for 67% of Russia’s total aquatic product exports (457,520 tons), compared to only 15% (78,659 tons) in the same period in 2021
.
South Korea’s share of Russian aquatic product exports increased from 22% (151,894 tons) to 58% (301,789 tons)
.
Andrei Dalinov, head of the Industrial Expert Appraisal Center of the Agricultural Bank of Russia, said: "After restricting exports to China, South Korea became the largest exporter of Russian fish and seafood: exports doubled
.
But only exports grew.
In other
words , South Korea should first be regarded as a transit platform for Russian aquatic products to enter the Asian market .
"
.
But only exports grew.
In other
words , South Korea should first be regarded as a transit platform for Russian aquatic products to enter the Asian market .
"
Experts believe that the increase in exports to South Korea is because the country overcame the first round of the epidemic as soon as possible and began to actively export fish products to other Southeast Asian countries, resulting in an imbalance that needs to be filled by imports from Russia
.
.
At the same time, many African countries have also substantially increased their imports of Russian fish products.
The first is Nigeria, which increased from 83 tons last year to 21.
62 million tons in the first four months
.
New export markets include Côte d’Ivoire (8382 tons), Ghana (1117 tons), Benin (284 tons), Togo (57 tons) and Cameroon (56 tons)
.
The first is Nigeria, which increased from 83 tons last year to 21.
62 million tons in the first four months
.
New export markets include Côte d’Ivoire (8382 tons), Ghana (1117 tons), Benin (284 tons), Togo (57 tons) and Cameroon (56 tons)
.