Vietnam increases raw cashew nut imports from Cambodia

Published 2024년 7월 8일

Tridge summary

Vietnam is significantly increasing its imports of raw cashewnuts from Cambodia, which has become the largest supplier for re-processing. In the first five months of this year, Cambodia provided nearly 760,000 tonnes of cashewnuts worth over US$971 million to Vietnam, showing substantial growth in both volume and value compared to the previous year. Vietnam also sources cashewnuts from countries like Ghana, Indonesia, Nigeria, Tanzania, and Ivory Coast. As the world's leading cashewnut exporter, Vietnam processes 3.5 to 4 million tonnes of cashewnuts annually, with 90% of the raw materials being imported. The country aims to achieve US$4 billion in cashewnut export revenue this year, up from over US$3.6 billion last year.

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Original content

Vietnam is increasing raw cashewnut imports from Cambodia, making it the major supplier of the material for re-processing, according to the General Department of Vietnam Customs. Statistics show Cambodia became the largest cashewnut seller to Vietnam in the first five months of this year, supplying nearly 760,000 tonnes of the product valued at over US$971 million, up 39% in volume and up 29% in value from a year earlier. Along with Cambodia, Vietnam also imported nearly 450,000 tonnes of raw cashewnuts from other markets such as Ghana, Indonesia, Nigeria, Tanzania, and Ivory Coast. Vietnam processes 3.5 - 4 million tonnes of cashew nuts for export by purchasing raw materials to process into kernels. However, processors heavily rely on the purchase of raw materials as up to 90% of the unprocessed products are imported. Vietnam is ...

Source: WTOCenter