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Korean imports of Russian raw material at record levels

SOUTH KOREA
Tuesday, August 09, 2022, 07:00 (GMT + 9)

Continued growth of Russian seafood imports

From January to July 2022, fishery products imported from Russia amounted to 346,295 tons, an increase of 86% compared to the same period in 2021.

In addition, the proportion of fishery products from Russia was calculated to account for 48% of the 724,699 tons.

In order of import volume, 218,429 tons of frozen pollock were imported, an increase of 148% from 88,227 tons in the same period of the previous year.

Frozen pacific herring, the second largest import, came in at 22,724 tons, an increase of 128% compared to 9,961 tons in the same period last year.

Next, frozen pacific cod was imported at 18,174 tons, up 2% from 17,892 tons in 2021.

Frozen pink salmon, the fourth largest import, came in at 16,579 tons, an increase of 1,765% from 889 tons in the same period last year.

The fish species whose import volume decreased was frozen yellowfin sole, 7,788 tons were imported, which is a 15% decrease compared to 9,145 tons in 2021.

By July 2022, the amount of imports of fishery products from Russia was USD 881.45 million, an increase of 66% from USD 530.09 million until July 2021, and the average unit price of imports was USD 2.55/kg, which is 12% lower than USD 2.85/kg in 2021.

Among Russia seafood, live snow crab has the highest import price, and was formed at USD 26.33 per kg, and frozen sardines were the lowest at USD 0.51/kg

Source : Union Forsea Corp

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