Vietnam: Earning nearly 2 billion USD from cashew nut export

Published 2023년 8월 26일

Tridge summary

Vietnam's cashew exports have seen positive growth in the past year, with export revenue of approximately $2 billion USD after 7 months, a nearly 10% increase. The country's cashew exports reached 335,000 tons, worth $1.94 billion USD in the first 7 months of 2023, showing a volume increase of 13.3% and a value increase of 9.7% compared to the same period in 2022. However, global factors such as geopolitical conflicts and high inflation have negatively affected the cashew industry, and it is projected that Vietnam's cashew nut exports for the year will reach around $3.05-3.15 billion USD, falling short of the planned $3.8 billion goal.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cashew nuts are one of the groups of agricultural export products with positive growth since the beginning of the year, with export revenue of approximately 2 billion USD after 7 months, an increase of nearly 10%. According to statistics from the General Department of Customs, in July 2023, our country's cashew exports reached 54.67 thousand tons, worth nearly 304.4 million USD, up 19.2% in volume and 12 8% in value over the same period. Accumulating 7 months, Vietnam's cashew exports reached 335,000 tons, worth 1.94 billion USD, up 13.3% in volume and 9.7% in value over the same period in 2022. The average export price of Vietnam's cashew nuts reached $5,805/ton, down 3.2% over the same period in 2022. In the first 7 months of 2023, cashew nut exports to most markets increased over the same period last year. Cashew exports to the US, the largest market of the cashew industry, reached 88,903 tons with a value of more than 512 million USD, up 0.7% in volume and 0.32% in value over ...
Source: Vinacas

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