Chapter 3: The Role of Food Exports in Russia’s Economy

Abstract

AbstractAs Russia’s agri-food exports have increased in recent years, the role of food exports has evolved from being negligible at the beginning of the 2000s to almost 30 percent of agricultural production in recent years. Agri-food exports account for a substantial amount of growth in the agricultural sector. The contribution of food exports to the national economy, however, is minor. Food exports’ net contribution to the national budget is about zero. Technical advances suggest that the role of agricultural exports in the national economy will keep gradually growing but will remain a secondary factor in national welfare.