Русский
Countries that Russia sees as friendly accounted for 90% of its agricultural exports in 2024, according to Russia’s Agriculture Minister Oksana Lut. The data means that Russia has completely absorbed the impact of sanctions in its agricultural sector.
Lut stated that “In the current geopolitical conditions, we’re continuing to reorient our exports to friendly countries. The share of our exports going to friendly countries grew from 73% in 2021 to over 90% in 2024. Along with Rosselkhoznadzor (Russia’s plant and animal health certification agency), we are doing systemic work to expand access of Russian products to new markets.”
Russia’s list of unfriendly countries can be seen here. It is becoming increasingly difficult to find Russian products in these 56 countries.
Growth in exports of products with a high degree of value added was among the important results of 2024, Lut said. “We’ve been consistently lowering the share of raw materials and increasing supplies of processed products in the past years, and their exports grew 6% in monetary terms in 2024. In particular, we reached record volumes of sunflower oil and flour shipments.”
Russia is now the world’s third-largest agricultural exporter, selling 109 million tons of agricultural products overseas in 2024, up 5% from 2023. The European Union and the United States are the largest, with Brazil in fourth place.
However, Russia is expanding its exports due to entering new markets in Africa, Asia, and the Middle East. Lut said that last year, Russia undertook its first-ever shipments of Russian beef to Iran, duck meat to China, and apple juice to India.
Russia’s agrifood exports in 2024 were worth US$43.1 billion in monetary terms, compared with US$43.6 billion in 2023, and imports were US$37.7 billion compared with US$35.2 billion, respectively.
Russia has targeted an increase in agrifood exports of 1.5 times by 2030 compared to 2021, worth US$55.2 billion, as it competes with the West in global markets.
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