Vietnam: Cashew nut exports increase in both volume and value

Published 2022년 1월 15일

Tridge summary

Despite the challenges of the Covid-19 pandemic, Vietnam's cashew industry saw positive growth in 2021, with exports reaching 577,400 tons and bringing in $3.63 billion. The US remained the largest export market, followed by the EU. The industry overcame labor shortages, high sea freight costs, and port congestion, with exports to the EU increasing by 16.5% in volume and 7.9% in value. The reduction of import tax rates from the EU and Taiwan is expected to further boost exports in 2022.

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

Original content

Despite many difficulties due to the impact of the Covid-19 epidemic, Vietnam's cashew industry still recorded a positive growth in cashew nut exports in 2021. Cashew nut exports grow well Statistics of Vietnam Customs show that cashew nut export results in 2021 reached 577,400 tons, export turnover reached 3.63 billion USD, up 13% in value and 12% in volume compared to 2020. In the import markets of Vietnam's cashews, the US, European, Chinese, and Indian markets are still the main markets of Vietnam's cashew nuts. Processing cashew for export. Photo: IT The US remains the largest export market of Vietnam's cashew kernels, with a volume of 149,000 tons, worth more than $880,600 million, accounting for nearly 30% of the industry's total export turnover. Next is the EU market, accounting for 23% of the total volume and 22% of the total value of the industry, reaching about 835 million USD. The fourth quarter of 2021 is the peak season for cashew nut consumption when the US, EU, and ...

Source: Vinacas