China is continuously hunting to buy a type of Vietnamese nut, helping to earn more than 1 billion USD since the beginning of the year

Published 2024년 5월 18일

Tridge summary

Vietnam has seen a significant increase in cashew exports in the first four months of 2024, with a total of 217.5 tons exported, generating over 1.16 billion USD, a 33.6% increase in volume and 22% increase in value compared to the same period last year. The US remains the largest market, followed by China, which has seen a 97.7% increase in imports from Vietnam, accounting for over 201.4 million USD of the total export revenue. The quality of Vietnamese cashews, their consistent supply, and the effect of China's promotion programs for cashew kernel consumption have contributed to the demand surge in the Chinese market. Vietnam's cashews are exported to 90 countries and territories, and the export value has been steadily increasing since 2006, making Vietnam the world's leading cashew exporter.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is Vietnam's number 1 export product in the world. Admitting that Made in Vietnam products "cannibalize" domestic products, China is continuously hunting to buy a type of Vietnamese nut, helping to earn more than 1 billion USD since the beginning of the year. This is Vietnam's number 1 export product in the world. According to preliminary statistics from the General Department of Customs, Vietnam's cashew exports in April 2024 reached 57,016 tons, equivalent to 358.6 million USD, up 13.7% in volume and 13.7% in value. quota compared to the previous month. This is also the highest level of export output since the beginning of the year. In the first 4 months of 2024, our country exported 217.5 tons of cashew nuts, earning more than 1.16 billion USD, up 33.6% in volume and 22% in turnover compared to the same period last year. The average cashew export price reached 5,362 USD/ton, down 8.6% over the same period last year. Regarding the market, the US is still Vietnam's largest ...
Source: Vinacas

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