On-the-Ground Updates

Vietnam's Cashew Nut Exports Increased by 23.1% YoY in Jan-23 to Nov-23

Cashew Nut Kernel

Vietnam

Market & Price Trends

Anh Ho

Published Dec 15, 2023

From Jan-23 to Nov-23, Vietnam's cashew nut exports have grown significantly, reaching 582 thousand tons and totaling USD 3.31 billion. This represents a substantial increase of 23.1% year-over-year (YoY) in volume and 17.4% YoY in value. During this period, the average export price for Vietnamese cashews stood at USD 5.6 thousand per ton, a slight decrease of 4.7% YoY. With these impressive results, the cashew industry has surpassed its target of USD 3.1 billion and is anticipated to continue its positive trend in Dec-23.

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