For the last five years, the export of Russian agricultural goods has grown by almost one third: in 2014, the export value amounted to USD 19,8 billion and to USD 25,5 billion in 2019, which is significantly higher than the sales of domestic weapons for the same period – USD 15.2 billion.

Russia is the world's leading grain exporter (including wheat) for the fifth year in a row: in the 2019 agricultural year, the wheat shipments amounted to 33.2 million tons worth more than USD 6 billion. It is particularly remarkable that the USSR within the last years of its existence, on the contrary, was the net wheat importer. According to the 2020 preliminary results, the export of wheat may increase to another record - 40,8 million tons.

In addition to wheat, the following commodity groups accrue the monetary export volume of more than USD 1 billion per year: frozen fish, sunflower oil and crustaceans (Table 1).

Source: Federal customs service of Russia; Credinform analyses

China is the largest importer of domestic agricultural goods: in 2019, the shipments to China amounted to 3,2 billion USD. Taking into account the huge market, rapid urbanization and growing welfare of the Chinese citizens, our farmers should consider this direction as the most promising for sales.

Source: Federal customs service of Russia; Credinform analyses

The current foreign trade dynamics gives reason to believe, that in the mid-term, Russia may become one of the world's top ten exporters of agricultural goods.