Cedar nut export taxes to soar by half
In an unexpected move, Russia has announced new export rules for pine nuts, effective from August 1st. The new regulations will see the export duty on pine nuts more than double, from 25% to 50% of the value. This change could have significant implications for Russia's trade with China, the main buyer of Russian pine nuts.
According to data from last year, China purchased $5.4 million worth of Russian pine nuts. In the first half of 2025, Chinese imports of Russian pine nuts have already reached $5.1 million, marking a 27% increase compared to the same period in 2024. This trend suggests a robust demand for Russian pine nuts in the Chinese market.
However, the increased export duty could potentially alter this scenario. If Russia were to impose such a duty, it would likely increase the cost of exporting pine nuts from Russia to China. This could reduce Russian pine nut exports to China due to higher prices, potentially encouraging Chinese importers to seek alternative suppliers or domestic sources.
Alternatively, Russian exporters might absorb some costs to maintain market share, but overall trade volume or prices would be affected. It's important to note that without direct data or reports on this new export duty or its specific trade impact, precise conclusions cannot be drawn.
For a more detailed analysis on this topic, specialized trade reports or official announcements from Russian trade authorities or Chinese customs data would be necessary sources to consult.
It's worth mentioning that Russia has been actively exporting pine nuts in recent years. In 2024, 2.4 thousand tons of pine nuts were supplied abroad from Russia, worth $13 million. This underscores the importance of the pine nut industry to Russia's economy.
The new export rules apply to pine nuts in their shells and cones when exported outside the Eurasian Economic Union. The previous export duty for pine nuts in Russia was 80 euros per tonne, and the new duty will not be less than 160 euros per tonne.
This article was published by RIA "New Day" and can be found on the Telegram channel "New Day - Frontpage". For more updates and insights on this and other related topics, consider subscribing to Zen and YouTube. A recent report about the increase in Chinese imports of Russian pine nuts was made by "Vesti".
The increased export duty on pine nuts could lead Chinese importers to explore alternatives in the finance sector for sourcing pine nuts, potentially affecting the income of Russia's pine nut industry. The new export rules may deter Russian pine nut exporters from supplying to China, as the increased costs may not be feasible given the current finance landscape.
