News

Vietnam: Cambodia earned 4 billion USD, exceeding 3 times India's output in 2023

Raw Cashew Nut
Cambodia
Vietnam
Market & Price Trends
Published Feb 6, 2024

Tridge summary

Vietnam, the world's top exporter of cashew nuts, imported over 2.7 million tons of raw cashews in 2023, worth more than $3.1 billion, a significant increase from the previous year. The majority of these imports came from the Ivory Coast and Cambodia. Despite its strong export performance, generating over $3.6 billion in 2023, Vietnam's reliance on imported raw materials makes it vulnerable to price fluctuations, presenting potential future challenges for the cashew industry.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Source: foodmap.asia Vietnam, is the "king" of cashew nut exports with billions of dollars in revenue each year, however, our country still has to rely heavily on importing raw cashews from many sources around the world. Information from the General Department of Customs shows that in December, cashew imports decreased by 21.5%, reaching 111,942 tons, with a value of more than 123 million USD, down 16.7% compared to November. For the whole year In 2023, Vietnam imported more than 2.7 million tons of cashew nuts, worth more than 3.1 billion USD, a significant increase of 46.2% in volume and 19.6% in value compared to the previous year. The average import price reached 1,153 USD/ton, down 18% compared to 2022. While Ivory Coast is the largest supplier with 899,430 tons, worth more than 969 million USD and the average import price is 1,078 USD. /ton, the Asian market, especially Cambodia, still plays an important role. Cambodia is Vietnam's top supplier with 644,191 tons of cashew ...
Source: AgroInfo.vn
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