Why is the variety of nuts in Binh Phuoc, Vietnam very much imported by the US, accounting for 89.3% of the market share?

Published 2021년 3월 1일

Tridge summary

Vietnam's cashew exports experienced a significant increase in January 2021, with a total of 45,300 tons exported earning $267.62 million. This represents a 79.5% increase in volume and a 51.6% increase in value compared to the same period last year. Despite a decrease in both volume and value by 9.9% and 9.8% respectively compared to December 2020, the average export price per ton of cashews increased slightly by 0.1% from the previous month. The Israeli market saw a notable rise in the average export price, while prices fell in markets such as Hong Kong, Egypt, Taiwan, and France. On the other hand, exports to Canada, the United Arab Emirates, and Thailand increased, despite a decrease in exports to the US, China, Germany, Australia, Russia, and the UK. The US imported 149,270 tons of cashews from Vietnam, accounting for 89.3% of total imports, while imports from Brazil fell by 25.6% in volume and 37.5% in value.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the beginning of 2021, cashew exports soared According to statistics from the General Department of Customs, Vietnam's cashew nut exports in January 2021 reached 45,300 tons, worth $ 267.62 million, down 9.9% in volume and value. down 9.8% in value compared to December 2020, but up 79.5% in volume and 51.6% in value compared to January 2020. In January 2021, the average export price of cashew nuts was US $ 5,904 / ton, up 0.1% compared to December 2020, but down 15.6% compared to January 2020. It is worth noting that, the average export price of cashew nuts to the Israeli market increased sharply compared to December 2020 and compared to January 2020. In contrast, the average export price of cashew nuts to many markets decreased such as Hong Kong, Egypt, Taiwan, France. While in January 2021, Vietnam's cashew exports to some markets increased compared to December 2020 and increased compared to January 2020, such as: Canada, United Arab Emirates, Thailand Cashew exports to some ...
Source: Vinacas

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