Russian agricultural exports to outpace imports in 2022
It is noted that global demand for Russian products exists despite the evolving foreign economic situation.
The Russian Ministry of Agriculture expects that agricultural exports from Russia in 2022 will again be above import figures, First Deputy Minister Oksana Lut said on Friday.
“Our trade balance is positive. Our exports will again be greater than imports this year,” she said.
Agricultural exports are more than 13% above the last-year figure to date, Lut said. “We actually not only feed ourselves but also feed other countries. Accordingly, we are confident that we will supply tasty products every year and increase deliveries to third party markets. Our products are popular, we only need to produce more,” she noted.
Global demand for Russian products exists despite the evolving foreign economic situation, the official said. “It is impossible to live without food,” she added.
According to the Ministry’s forecast, Russia’s agricultural exports could be about $40 bln against $37.1 bln last year. Agricultural exports outpaced imports for the first time in 2020.