Seafood prevailing in Russian agricultural exports to South Korea in 2020

January 20, 2021 09:01

Russia has increased exports of agricultural products to Korea by 50% by the end of 2020, reports

According to Rusexporter, the exports structure was dominated by crustaceans, frozen fish, fish fillets, mollusks and corn.

About 45% of the volume exported was accounted for by crustaceans, whose deliveries against the background of the pandemic decreased in volume to 43 thousand tons (-11%) and in value to 752 million dollars (-0.8%). The vast majority of this volume was accounted for by crabs, for which South Korea occupies a leading position.

Frozen fish exports surged to 410 thousand tons (+45%) worth $ 611 million (+8.8%). Russia supplies Korea with pollock, cod, sardines, sockeye salmon, halibut and many other fish species. Further, the products are partially re-exported to Japan, China and other Asian countries, also in processed form.

Fish fillets occupied the third place in the structure of exports with the shipments increasing to 40 thousand tons (+4.7%) in physical terms and to 111 million dollars (+7.4%) in value terms.

The fourth place is occupied by mollusks with a volume of 11.5 thousand tons (-10%) valued at 50 million dollars (-7%).

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