Cambodia is the leading country supplying cashew nuts to Vietnam

Published 2024년 10월 7일

Tridge summary

Vietnam's cashew nut industry is experiencing a dynamic shift, with a notable decrease in imports but a significant increase in exports. In August 2024, cashew imports fell by 27.5% in volume and 18.2% in value, primarily sourced from Cambodia, which supplies 98.5% of its cashew exports to Vietnam. Despite this, Vietnam's cashew exports rose by 22.9% in volume and 21.8% in value, with export prices increasing for four consecutive months. In 2023, Vietnam exported 644,120 tons of cashews worth 3.64 billion USD, while importing 2.75 million tons of raw cashews. The trend of rising imports is also seen in other agricultural products like rice and coffee, with rice imports nearing 1 billion USD in the first nine months of 2024, reflecting Vietnam's strategy to meet both domestic and export demands.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics from the General Department of Customs, Vietnam's cashew nut imports in August reached more than 211,000 tons with a value of more than 283 million USD, down 27.5% in volume and 18.2% in value compared to the previous month. In the first 8 months of the year, our country imported more than 1.9 million tons of cashew nuts, with a turnover of more than 2.4 billion USD, down 4.1% in volume and 2.2% in value compared to the same period in 2023. Cambodia became the largest supplier of cashew nuts to Vietnam. Illustration photo. Source: Internet. In terms of market, Cambodia is the largest supplier of cashew nuts to Vietnam with an output of more than 797,000 tons, a turnover of more than 1 billion USD, a sharp increase of 32% in volume and 25% in value compared to the same period in 2023. The average import price reached 1,292 USD/ton, down 5% over the same period. Ranked second among cashew nut suppliers to Vietnam is Ivory Coast. By the end of August, our ...

Source: Vinacas