May 2023: Vietnam's cashew nut exports increased by nearly 12%

Published Jun 29, 2023

Tridge summary

In May 2023, Vietnam experienced an increase in cashew nut exports, reaching the highest level since July 2021. The country exported 57.42 thousand tons of cashew nuts, valued at $340.39 million, representing an 11.7% increase in volume and 11.4% increase in value compared to April 2023. However, Vietnam is facing competition in the Chinese market, with China reducing its cashew imports from Vietnam and increasing imports from other countries such as Benin, Ivory Coast, Cambodia, and Togo. Additionally, Ivory Coast has become the world's leading producer of cashew nuts, with an expected output of 1.25 million tonnes in 2023.

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

Original content

Source: congthuong.vn The Import-Export Department (Ministry of Industry and Trade) quoted statistics from the General Department of Customs as saying that, in May 2023, Vietnam's cashew nut exports reached 57.42 thousand tons, valued at 340.39 million USD, an increase 11.7% in volume and 11.4% in value compared to April 2023; compared to May 2022, an increase of 15.1% in volume and 11.7% in value. With this figure, Vietnam's cashew exports reached the highest level since July 2021. In the first 5 months of 2023, Vietnam's cashew nut exports reached 219.87 thousand tons, worth 1.29 billion USD, up 8.3% in volume and 6.3% in value over the same period last year. last year. In May 2023, the average export price of Vietnam's cashew nuts reached US$5,928/ton, down 0.3% compared to April 2023 and down 2.9% compared to May 2022. Generally in the first 5 months of 2023, the average export price of Vietnam's cashew nuts reached $5,881/ton, down 1.9% over the same period in 2022. In May ...

Source: AgroInfo.vn