Vietnam: In April 2023, the export price of cashew nuts reached the highest level since October 2022

Published May 18, 2023

Tridge summary

In April 2023, Vietnam's cashew nut exports and export price reached their highest levels since October 2021, with a total of 51.4 thousand tons exported, valued at 305.48 million USD. The average export price was $5,944/ton. The first four months of 2023 saw a 6.1% increase in volume and a 4.5% increase in value in cashew exports compared to the same period in 2022, with the market experiencing fluctuations. Shifts in import markets were noted, with increases in imports from China, Saudi Arabia, and Japan, and decreases in imports from the US, Netherlands, Australia, Canada, Germany, and the UAE. Meanwhile, Brazil's cashew nut exports saw an increase in the first quarter of 2023, primarily to the US, Netherlands, and Canada, and China is shifting its import focus towards African markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In April 2023, the export price of cashew nuts reached the highest level since October 2022 The Import-Export Department (Ministry of Industry and Trade) quoted statistics from the General Department of Customs as saying that Vietnam's cashew nut exports in April 2023 reached approximately 51.4 thousand tons, worth 305.48 million USD. , an increase of 3.4% in volume and 3.5% in value compared to March 2023, an increase of 5.6% in volume and 5.2% in value compared to April 2022. With this figure, Vietnam's cashew exports in April 2023 reached the highest level since October 2021. Accumulated in the first 4 months of 2023, Vietnam's cashew exports reached 162.4 thousand tons, worth USD 952.5 million, up 6.1% in volume and 4.5% in value over the same period last year. year 2022. In April 2023, the average export price of Vietnam's cashew nuts reached US$5,944/ton - the highest level since October 2022 - an increase of 0.1% compared to March 2023, but a decrease of 0.3%. compared to ...
Source: Vinacas

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.