Vietnam: Cashew nut exports are expected to grow strongly in the coming months

Source: congthuong.vn According to preliminary statistics of the General Department of Customs, in July 2022, Vietnam's cashew nut exports reached 54,675 tons, worth more than 304.3 million USD, down 7.5% in volume and down 10 2% in turnover compared to June 2023. Generally in the first 7 months of the year, cashew nut exports reached 334,870 tons, bringing in more than 1.94 billion USD, up 13.3% in volume and 9.7% in value over the same period in 2022. Average import in the first 7 months of the year reached 5,805 USD/ton, down 3% over the same period last year. Cashew nut is one of the agricultural products with export value of over 1 billion USD after the first 7 months of the year. In terms of market, America is the largest import market of Vietnam's cashew nuts. Specifically, cashew nut exports to the US in July reached 14,385 tons with a turnover of more than 79.5 million USD, down 12.2% in volume and 15% in value compared to June 2023. Generally in the first 7 months of ...