The US and China highly appreciate cashew nuts from Vietnam, which is currently their largest supplier

Published 2023년 8월 27일

Tridge summary

In July 2023, Vietnam's cashew exports decreased by 7.5% in volume and 10.2% in value compared to June 2023, but still increased by 19.2% in volume and 12.8% in value compared to July 2022. The average export price of cashew nuts also declined in July 2023. While cashew exports to most markets increased, exports to China decreased. Vietnam remains the largest source of cashew nuts for the US and China, although the US reduced its imports from Vietnam by 22.7% in volume and 31.8% in value compared to the previous year. France imported fewer cashew nuts due to economic difficulties and high inflation, but it remains a potential market in the long term.

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, in July 2023, Vietnam's cashew exports reached 54,670 tons, worth nearly 304.4 million USD, down 7.5% in volume and 10.2% in value. price compared to June 2023, compared to July 2022, an increase of 19.2% in volume and 12.8% increase in value. In the first 7 months of 2023, Vietnam's cashew exports reached 334,870 tons, worth 1.94 billion USD, up 13.3% in volume and 9.7% in value over the same period last year. In July 2023, the average export price of Vietnam's cashew nuts reached $5,567/ton, down 2.9% compared to June 2023 and down 5.4% compared to July 2022. In general, in the first 7 months of 2023, the average export price of Vietnam's cashew nuts reached $5,805/ton, down 3.2% over the same period in 2022. Regarding the export market, according to the Import-Export Department (Ministry of Industry and Trade), in July 2023, cashew exports to most markets increased over the same period last year, except China. ...

Source: Danviet