Russia has emerged as the 17th largest exporter of food in the world, according to data from the Russian Ministry of Agriculture’s Agroexport center. In 2022, Russia accounted for 2.1% of global food exports, making significant progress in the past decade.
The Agroexport center highlighted Russia’s remarkable increase in the volume of agricultural product exports over the past ten years, demonstrating a growth rate of 150%. This growth has propelled Russia to become one of the major players in the global food market.
Last year, Russian agricultural exports reached a record high of $41.6 billion, showing a 12% increase compared to the previous year. The increase was primarily driven by a surge in export revenues from the sales of grains, which rose by 18%. Furthermore, the sales of oil and fat, as well as meat products, experienced significant growth, increasing by 25% and 23% respectively. However, the food and processing industry saw a more modest growth of 1.6%.
On the other hand, exports of fish and seafood experienced a decline of 12%, and dairy product exports decreased by 1.9% on a year-on-year basis. These fluctuations in various sectors of the food industry showcase the dynamic nature of global food trade.
The overall global agricultural exports in 2022 set a new record, surpassing $2 trillion for the first time. According to the International Trade Center’s Trade Map data, the value of global exports increased by 7.4% year-on-year as of June 5, 2023.
In terms of the global distribution of food exports, the top 20 largest exporters accounted for 69.8% of the market share, a slight increase from 67.9% in 2021. The United States maintained its position as the largest exporter of agricultural products, with its exports reaching $193 billion, reflecting a growth rate of 9.1%. Brazil, the world’s second-largest food exporter, recorded export revenues totaling $135 billion, indicating a 9.1% year-on-year growth. Meanwhile, the Netherlands ranked third with $121 billion in food exports, marking a modest growth of 1.6%. Germany and China occupied the fourth and fifth spots respectively.
Russia’s ascent as a major food exporter signifies its strengthening position in the global market. The country’s substantial increase in agricultural exports, particularly in grains, oil, and meat products, has contributed significantly to its rise in the rankings. As Russia continues its efforts to enhance its agricultural sector, it is likely to further expand its influence in the global food trade.
Overall, Russia’s achievement as the 17th largest food exporter underscores its growing importance in the global economy. By effectively utilizing its agricultural resources, Russia has successfully established itself as a significant player in the worldwide food market. The country’s continuous efforts to improve its food industry will undoubtedly contribute to its sustained growth and further enhance its export capabilities.