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Rostov Region Boosts Agricultural Product Exports by 25% in 2023

Published Date: February 01, 2024

Deputy Governor and Minister of Agriculture and Food of the Rostov region Konstantin Rachalovsky told Interfax that the province exported a total of $9 billion of agricultural goods in 2023, over 25% more than the previous year. In monetary terms, agricultural product exports rose by 24.7% in spite of external constraints. He stated that over thirty million metric tons of goods have been shipped. Almost 100 countries received agricultural items. "New markets have emerged in Indonesia, Mexico, and Angola. Sales to neighbouring African nations have grown dramatically, accounting for more than 25% of the Rostov region's overall agricultural exports, according to Rachalovsky. is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commoditiy sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them.

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China Drives Growth for Regional Agricultural Exports

He went on to say that one of the markets with the greatest potential for growth in the amount of goods sold in the area is China. A total of $293 million, or about 660 thousand tons of agricultural goods, were supplied there last year; this is more than three times more than in 2022. Grain makes up the majority of all exports, or over 71%. Preliminary data for the year show that the amount of grain exported was 25.9 million tons, valued at $6.5 billion. Products from the oil and fat industries make up 16%, while other agricultural goods—including food—make up 13%, according to the vice governor. He stated that 2.2 million tons of fat and oil products were exported for $1.5 billion, 1.3 million tons of sunflower oil valued at $1.3 billion, and 2.5 million tons of other agricultural products valued at $787.1 million.

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