Abstract. The purpose of the study is to assess the current trends in export deliveries of grain and products of its processing, to identify opportunities and conditions for increasing the export potential of high value-added products. The main research methods were economic-statistical, tabular, graphical, comparative with subsequent generalization of data. The information base included materials from the Federal State Statistics Service of the Russian Federation, the Federal Customs Service of Russia, the Ministry of Agriculture of the Russian Federation, the Food and Agriculture Organization of the United Nations, as well as analytical reports and reports in the field of international trade in grain crops and current regulations. The scientific novelty of the study is to substantiate the feasibility and develop recommendations for increasing the production of grain processing products, substituting import supplies and expanding the export of high value-added products to the world market in the face of increased economic sanctions. The results are as follows: the place of Russia in the world market was analyzed in terms of gross yields and exports of grain crops, wheat, as a raw material for the production of final products; assessed the country's prospects for the export of grain, taking into account the instability of geopolitical and trade and economic cooperation; the volumes and structure of grain consumption in Russia are considered, the dynamics of production and export-import operations for grain processing products are studied; deterrents were identified in expanding the export potential of grain processing products, lost profits from the export of raw materials, and not finished products; recommendations are offered on priority areas that contribute to the growth in the volume of export-oriented products of grain processing, including deep processing. The high level of self-sufficiency in raw materials, the low utilization of production capacities of the food and processing industry, the ratio of export, import and domestic prices for grain processing products indicate the existing opportunities for redirecting part of the carry-over stocks and export volumes of grain for processing, import substitution and further export.