Analysis of the Export Potential of the Branches of the Agro-Industrial Complex of Russia

Abstract

Relevance. Russian export of agricultural products by the end of 2020 showed a high potential for growth. Record harvests in some segments of the agricultural industry allowed Russia not only to increase the volume of supplies of agricultural products to the world food markets, but also to actually open new promising markets in Africa, Asia and Europe. State programs to support Russian farmers will maximize the stimulation of production and development of this industry, not only in terms of increasing production volumes, but also in terms of creating rural infrastructure.The purpose of this article is to assess the prospects for the development of individual sectors of the Russian agro-industrial complex and the possibilities of increasing the volume of export supplies to world food markets.Objectives. The article set and consistently solved the following tasks: to assess the results of the work of the Russian agro-industrial complex in the context of a pandemic economic development, to assess the volume of agricultural exports to international food markets, to analyze the state program "Export of agro-industrial products".Methodology. In the process of writing the work, methods of statistical analysis, graphical analysis of data, horizontal and vertical analysis, logical techniques, methods of analogy and generalization were used.Results. The review of the state and dynamics of the development of Russian agricultural exports made it possible to make a forecast and draw conclusions about the high potential of some branches of the agro-industrial complex for growth and expansion of supplies to the world food markets of Africa, Asia, and Europe.Conclusions. The program to stimulate the export of agricultural products until 2024 allowed Russia to advance in the ranking of world exports to 20th place at the end of 2020. Further advancement of the position in the rating will depend on the structure of export itself and the increase in the production of the processing industry in it. Forecasts for the growth of export of Russian agro-industrial complex products are quite optimistic and will depend on a number of objective factors.