Agricultural Exports of Russia and China: Aspects of Mutual Trade and Regulation

International food trade is growing due to an increase in effective demand and an increase in population. In recent years, trade relations between China and Russia have been developing dynamically. Meanwhile, China has a more active trade policy and a well-developed institutional structure for export regulation. In 2019, a decrease in Russian exports is generally noted, however, there is a steady growth trend in the sale of food and agricultural raw materials. The volume of export of processed food and agricultural products increased by 1.5 times. The legal and regulatory framework for Russian agricultural exports has changed significantly over the past three years. The priority role is given to government regulation. The development of agricultural exports has set the task of expanding the geography of sales markets. The Chinese food market for our country is becoming an object of special attention; in 2019 alone, Russia increased the volume of supplies in value terms by 41%. Meanwhile, there is potential for further increasing food supplies. Russia has not yet become a key partner for China, giving way to Japan, the United States and Korea. Further improvement is required in terms of the institutional, financial and credit, information and analytical system for promoting agricultural exports with the active participation of the state.