Vietnam: Cashew nut exports in 9 months of 2022 reached 2.29 billion USD

Published Oct 8, 2022

Tridge summary

Vietnam's cashew nut exports in September 2022 decreased by 14.6% in volume and 10.3% in value compared to August 2022, and by 22.2% in volume and 28.2% in value compared to September 2021. The average export price in September 2022 was $6,136/ton, up 0.5% compared to June 2022, but down 7.7% compared to September 2021. The industry is expected to face challenges due to armed conflict between Russia and Ukraine, economic recession, and high inflation, but strong demand from the EU and China could offset these challenges. The export proportion of W320 cashew nuts increased significantly, while exports of W240 and DW cashews decreased.

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

Original content

The Import-Export Department (Ministry of Industry and Trade) quoted data from the General Department of Customs as saying, it is estimated that in September 2022, cashew nut exports will reach 40,000 tons, worth 245 million USD, down 14.6% in volume. and 10.3% decrease in value compared to August 2022; compared to September 2021, down 22.2% in volume and 28.2% in value. Cashew nut exports in 9 months of 2022 reached 2.29 billion USD Generally, in the first 9 months of 2022, cashew nut exports are estimated at 382 thousand tons, worth 2.29 billion USD, down 10.6% in volume and 14% in value over the same period in 2021. In September 2022, the average export price of Vietnam's cashew nuts was estimated at $6,136/ton, up 0.5% compared to June 2022, but down 7.7% compared to September 2021. In the first 9 months of 2022, the average export price of Vietnam's cashew nuts is estimated at 5,992 USD/ton, down 3.7% over the same period in 2021. Armed conflict between Russia and Ukraine ...

Source: Vinacas