Cambodia sells a huge amount of agricultural products to Vietnam, which products account for the most?

Published Nov 4, 2021

Tridge summary

The article highlights the dynamic growth of Vietnam's agricultural imports, with the US and Cambodia emerging as the largest exporters of agricultural products to Vietnam, contributing 9.2% and 8.9% of the market share, respectively. The import value of key agricultural products reached 22.5 billion USD, a 54.0% increase from the previous year, driven by significant imports of cotton from the US and cashew nuts from Cambodia. Vietnam's reliance on imported raw materials for its cashew nut processing industry remains high, despite its booming cashew nut exports, which saw a 15.1% value increase in the first nine months of 2021. The Netherlands has emerged as a notable market, importing 82.29% of the Dutch total cashew nut imports in the first seven months of 2021. The article also touches on the concerns regarding tax evasion in the cashew nut imports from Cambodia due to the 0% import tax rate. The future outlook for Vietnam's cashew nut exports is positive, with expectations of further growth in the near term, fueled by increasing demand in traditional and emerging markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the import and export report of the Ministry of Agriculture and Rural Development, the US and Cambodia are the two largest export markets for agricultural products to Vietnam. Statistics show that, in the first 10 months of the year, import turnover of agricultural, forestry and fishery products was estimated at 35.6 billion USD, up 39.1% over the same period in 2020. In which, the import value of main agricultural products was estimated at 22.5 billion USD, up 54.0%. The US became the largest export market of agricultural products to Vietnam, reaching nearly 3.3 billion USD, accounting for 9.2% of the market share (of which cotton products accounted for 36.4% of the value); followed by Cambodia with about 3.15 billion USD, accounting for 8.9% (cashew products account for nearly 65%). Notably, since the beginning of the year, Vietnam has imported a huge amount of cashew nuts from Cambodia. In the first eight months of 2021, Cambodia exported 869,540 tons of raw cashew ...
Source: Danviet

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.