Vietnam: Cashew industry has a trade deficit of 600 million USD in 2021
Cashew Nut Kernel
Vietnam
Published Jan 16, 2022
Tridge summary
According to the General Department of Customs, cashew exports in 2021 reached nearly 580 thousand tons, equivalent to 3.6 billion USD, up 13% in volume and value compared to 2020. In the opposite direction, cashew imports in 2021 reached 2.8 million tons, equivalent to 4.2 billion USD, up nearly 2 times in volume and 2.3 times in value over the same period in 2020. Thus, the cashew industry has a trade deficit of 600 million USD in 2021. .
Original content
According to the General Department of Customs, cashew exports in 2021 will reach nearly 580 thousand tons, equivalent to 3.6 billion USD, up 13% in volume and value compared to 2020. In the opposite direction, cashew imports in 2021 will reach 2.8 million tons, equivalent to 4.2 billion USD, up nearly 2 times in volume and 2.3 times in value compared to the same period in 2020. Thus, The cashew industry has a trade deficit of 600 million USD in 2021. The US remains the largest export market of Vietnam's cashew kernels, with 176 thousand tons, equivalent to more than 1 billion USD, up 10% in volume, 6% in value, accounting for nearly 30% of total turnover. cashew export. Regarding the second position, cashew exports to the EU reached 135 thousand tons, worth 816 million USD, up 16.5% in volume and 8% in value compared to 2020, accounting for 22% of total turnover. cashew export. According to the Ministry of Industry and Trade, in 2021, Vietnam's cashew industry will be negatively ...
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.