The US buys a large amount of cashew nut from Vietnam, so it is very worrying about the supply chain disruption

Published 2021년 9월 1일

Tridge summary

Vietnam's cashew exports experienced a decline in August 2021 compared to July 2021 and August 2020, with a total of 20,400 tons exported earning USD 137.44 million. From the beginning of the year to mid-August 2021, Vietnam's cashew nut exports saw a growth of 21.5% in volume and 15.6% in value, despite the impact of Covid-19. The US is the largest market for these exports, followed by China. The demand for cashew nuts in Europe and the US is expected to rise, and the industry is expected to grow further. Additionally, Switzerland's cashew imports have seen a consistent increase, with Vietnam's share of the Swiss market rising from 38.58% to 53.16% between the first half of 2020 and 2021.

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

Original content

The US is Vietnam's largest cashew export market According to statistics from the General Department of Customs, in the first 15 days of August, 2021, Vietnam's cashew exports reached 20,400 tons, worth USD 137.44 million, down 21.6% in volume and 18.5% down. in value compared to the first 15 days of July 2021; down 1.2% in volume, but up 14.5% in value compared to the first 15 days of August 2020. Accumulated from the beginning of the year to the end of August 15, 2021, Vietnam's cashew nut exports reached 348,700 tons, worth 2.14 billion USD, up 21.5% in volume and 15.6% in value compared to the previous year. same period in 2020. The impacts of the Covid-19 epidemic in the southern provinces have affected cashew exports. Specifically, Vietnam's cashew exports in July 2021 reached 54,260 tons, worth $ 350.35 million, compared with July 2020, a sharp increase of 29.8% in volume and 44.3% in value. In general, in the first 7 months of 2021, Vietnam's cashew exports reached 328,520 ...

Source: Vinacas