China massively buys cashew nuts from Vietnam

Published 2023년 10월 28일

Tridge summary

In September, China became the largest customer of Vietnamese cashew nuts, spending twice as much compared to the same month last year. Vietnam's cashew nut exports have seen a significant increase of 47.6% in volume and 31.8% in value compared to September 2022. Cashew exports to all traditional and potential markets have also increased sharply, with the United Arab Emirates recording the highest growth rate at 186.4%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In September, China spent twice as much money as the same month last year to massively buy Vietnamese cashew nuts. This market became a big customer of Vietnamese cashew nuts in the past month. Illustration - Source: IT Statistics from the General Department of Customs, in September 2023, Vietnam exported about 56.8 thousand tons of cashew nuts, earning 310 million USD, a sharp increase of 47.6% in volume and 31.8% in price. value compared to September last year. Accumulated in the first 9 months of this year, our country's cashew export reached 452,600 tons, worth 2.59 billion USD, up 18.8% in volume and 13.5% in value compared to the same period in 2022. The average export price of cashew nuts reached 5,722 USD/ton, down 4.5% over the same period in 2022. In the "billion dollar export club" of the agricultural industry, cashew nuts are the product that recorded the third highest growth rate, only after the fruit and vegetable industry and rice. Regarding the market, in ...
Source: Vinacas

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