China becomes the largest market for Vietnam's cashews

Vietnam's export of cashew nuts is witnessing its fourth consecutive month of growth, reaching 68 thousand tons in July, valued at 460 million USD, an increase of 1.3% in volume and 11% in value compared to the same period in 2024. As a result, the export turnover of cashew nuts by the end of July reached 2.8 billion USD, an increase of over 18% compared to the same period, while the export volume decreased by 2.6% (reaching 413 thousand tons). The high price of exported cashew nuts has contributed to an impressive growth in the turnover over the past seven months. For the first seven months of the year, the average price of exported cashew nuts reached 6,805 USD/ton, an increase of nearly 22% compared to the same period in 2024. A noteworthy point is that China has surpassed the United States to become Vietnam's largest cashew nut market as exports to this market have increased sharply in both volume and value. In the first seven months of the year, cashew nut exports to China ...