Exports of Groceries to China Set to Grow

28 april 2017 | Rossiyskaya Gazeta

There is sustained demand for Russian groceries and agricultural products in the Chinese market. "Exports of groceries to China are likely going to keep growing pretty fast," Analytical Center expert Grigory Mikryukov told a Rossiyskaya Gazeta correspondent.

Grigoriy Mikryukov
Grigoriy Mikryukov
Department for Sectors of Economy

Last year it was Russian exports of groceries and agricultural products to China that demonstrated the fastest growth. The Federal Customs Service notes that our country sold more than $1.5 billion worth of groceries to China last year, which is more than a fourth more than in 2015. It is groceries exports that can significantly boost the trade between our countries, especially given the fact the conditions are just right for it.

"There are numerous forecasts out there all predicting that demand for groceries in China is going to grow from year to year," Mr. Mikryukov said. "And the proximity of Russia with our growing agricultural production and a plethora of transport routes into China create perfect opportunities to cash in on this trend."

At the same time, experts note that the composition of Russian groceries exports is very changeable, which means this market segment is still evolving. And yet, on the whole, sales of Russian groceries in China are on the rise and for a number of items growth has been very fast: honey (15 %), feeds and medicinal herbs (7 %), tobacco and tobacco products (67 %), groceries, and beverages (4 %).

Source: The Rossiyskaya Gazeta