Vietnam's cashew nut exports decrease in key markets

Published Apr 13, 2022

Tridge summary

Vietnam's cashew exports in the first quarter of 2022 saw a decrease of 6.7% in volume and 5% in value compared to the same period in 2021, totaling 105,000 tons and 630 million USD respectively. This decline is due to a drop in demand from key markets like the Netherlands, Canada, China, Italy, and Russia, despite an increase in imports from the US, Germany, UK, and France. Additionally, a significant incident involved the loss of import-export documents for many cashew containers, leading to a further decrease in the total volume and value of exports. However, most of the containers have since been located and delivered to customers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After the response to the COVID-19 epidemic, Vietnam's cashew import markets have fluctuated, leading to the cashew nut exports being affected, especially key markets. cashew nut export. Photo: Vu Sinh - VNA According to statistics of the General Department of Customs, in March 2022, Vietnam's cashew processing and exporting industry exported 40,000 tons, reaching a turnover of 241 million USD, down by more than 11% in volume and 9% in value compared to that of the General Department of Customs. same period in 2021. For the whole first quarter of 2022, Vietnam's cashew exports reached 105,000 tons, earning 630 million USD, down 6.7% in volume, down 5% in value over the same period in 2021. Explaining the slight decrease in cashew exports in the first quarter of 2021, a representative of the Vietnam Cashew Association said that although the US, Germany, UK, and France markets increased imports of Vietnam's W320 cashews, but Many traditional key markets of Vietnam's cashew industry ...

Source: Vinacas