China has surpassed Turkey as the main buyer of Russian food products, reports RBC in reference to the Federal Customs Service (FCS).
During the first nine months of 2016, China spent more than $1.13 billion on food in Russia, which is 22.1% more than during the same period last year. The volume of Russian imports rose to 10.8%, while Turkey’s share amounted to 9.1%.
Frozen fish accounts for the largest volume of all produce at about 60%. It is followed by soy, sunflower and soybean oil, which are essential for the Chinese food industry. They make up 8.4%, 7.9% and 4.1% respectively.
In addition, exports of fruit and vegetable juice increased threefold (worth up to $1.3 million) along with wine by 3.8 times (up to $1.8 million). The sale of Russian ice-cream grew fivefold (up to $4.2 million), stated the FCS.
Pundits say that most of the Russian products are consumed by China’s middle class due to a lack of trust they have in local producers.