Vietnamese cashews: China's import volume surpasses that of the United States, export price reaches the highest point in recent years

In the first seven months of this year, China, the United States, and the Netherlands remained the top three export markets for Vietnam's cashews, accounting for 22.4%, 20.3%, and 9.1% of the market share, respectively. Notably, China has surpassed the United States to become the largest market. During this period, Vietnam exported 96,000 tons of cashews to China, valued at 608 million USD, with an export volume increase of nearly 29% and an export value increase of 47% year-on-year. In July alone, China imported over 13,000 tons of cashews, valued at nearly 83 million USD, accounting for nearly 20% of Vietnam's total cashew exports for that month. Bach Khanh Nhut, Vice President of the association, stated, "The surge in Vietnam's cashew exports to China in the past one or two months is due to Chinese traders stocking up for the Mid-Autumn Festival consumption demand." Data from Vietnam's Import and Export Department shows that the growth in cashew exports to China this year is ...