Pakistan increases cashew import demand

Published 2024년 8월 15일

Tridge summary

In the first five months of 2024, Vietnam exported over 660,000 USD worth of cashew nuts to Pakistan, with expectations to increase due to increased order demands from the importer Sharfuddin Paracha & Company. Despite challenges such as geographical distance, unstable security and political situation, cultural differences, and foreign currency shortages, two-way trade turnover between Vietnam and Pakistan is on the rise. Pakistani Information Minister Attaullah Tarar announced that Pakistan will grant free visas to traders and tourists from 126 countries, including Vietnam, in an effort to attract more foreign investment and tourists. Pakistan had a good rice harvest in 2024, with an output of 9 million tons and exported 6 million tons, generating a turnover of 3.6 billion USD.

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

Original content

After the first 5 months of 2024, Vietnam exported more than 660,000 USD of cashew nuts to Pakistan. This number is expected to increase in the coming time, when the importer Sharfuddin Paracha & Company raised the issue of increasing orders. Ms. Nguyen Thi Diep Ha, Head of the Vietnam Trade Office in Pakistan, said that cashew is one of the main agricultural products exported to Pakistan, along with tea, pepper, rubber, cassava and seafood. However, due to geographical distance, Vietnam's cashew export turnover to Pakistan is still limited. For comparison, tea exports in the first 5 months reached more than 23 million USD, pepper more than 13 million USD, seafood more than 2 million USD and rubber more than 4 million USD. Cashew is Vietnam's main agricultural export product. In 2023, this item will earn 3.6 billion USD, an increase of 24% in volume and 18% in value compared to 2022. It is forecasted that in 2024, cashew exports will reach 4 billion USD. According to Ms. Diep ...

Source: Agriculture