98.5% of Cambodia's cashew exports are sold to Vietnam

Published 2023년 2월 10일

Tridge summary

In 2022, Cambodia exported 670,000 tons of raw cashew nuts, valued at 1.07 billion USD, primarily to Vietnam, which accounted for 98.5% of Cambodia's cashew exports. Vietnam's cashew industry is facing a challenge as it lacks sufficient domestic supply for its processing needs, necessitating the import of millions of tons of raw cashew nuts each year. The Vietnam Cashew Association (Vinacas) is proposing a plan to assess and plan cashew growing areas and is considering a partnership with Cambodia and Southern Laos to meet the demand for cashew material. Cambodia is implementing a national policy aimed at improving cashew quality and productivity to boost export competitiveness.

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Original content

Cambodian raw cashew nut is one of the main sources of cashew nut processing industry in Vietnam. Workers pick cashew nuts in Kampong Cham province. Sovan Philong/ Photo source phnompenhpost. The Vietnam Trade Office in Cambodia cited a report by the Cambodia Cashew Association that in 2022, the country exported 670,000 tons of raw cashew nuts to the international market worth 1.07 billion USD in 2022, down 34.65 %. Notably, up to 98.5% of Cambodia's cashew exports are sold to Vietnam, equivalent to 660,000 tons, worth more than 1 billion USD. The report also said that last year Cambodia issued a national policy on cashew nuts with the following objectives: improving production productivity and cashew quality to improve competitiveness; promote industrialization to increase post-harvest and processing value by 25% by 2027 and boost exports through market diversification. Currently, Vietnam's cashew growing area is only about 300,000 hectares, providing about 30% of raw materials ...

Source: Vinacas