Cashew nut exports in Vietnam exceeded 18% of the plan
Cashew Nut Kernel
Vietnam
Market & Price Trends
Published Jan 22, 2024
Tridge summary
In 2023, Vietnam's cashew industry exceeded its export goals, reaching 644,000 tons of cashew nuts worth 3.6 billion USD, a 24% increase in volume and 18% increase in value compared to 2022. The average export price for cashew nuts in 2023 was 5,677 USD/ton, with the US being Vietnam's largest export market, followed by China and the Netherlands. Other potential markets, such as Germany, England, and the United Arab Emirates, also showed positive results in 2023.
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: Baogialai.com.vn For the whole year 2023, our country has exported 644,000 tons of cashew nuts, worth 3.6 billion USD (up 24% in volume and 18% in value compared to 2022). With this result, the cashew industry has exceeded the 2023 plan by 18% (3.05 billion USD). This is also the highest result in recent years. According to the general information website vietnambiz.vn, Vietnam's average cashew export price in December 2023 reached 5,497 USD/ton (down 4% compared to December 2022). The average export price of cashew nuts in 2023 will reach 5,677 USD/ton (down 5% compared to 2022). The Vietnam Cashew Association informed that in 2023, the US will be Vietnam's largest cashew export market. Specifically, cashew nuts exported to this market reached 885 million USD (an increase of 5% compared to 2022 and accounting for nearly 25% of the total export turnover of this item). Cashew exports to China also recorded a breakthrough with a turnover of 683 million USD (an increase of ...
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