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Vietnam: Promote cashew nut exports to Europe

Published May 14, 2022

Tridge summary

Europe is Vietnam's second largest cashew export market According to the Trade Promotion Department (Ministry of Industry and Trade), 2021 is considered a successful year for Vietnam's cashew exports with an export volume reaching 579,800 tons, worth 3.64 billion USD, up 12.6% in volume and 13.3% in value compared to 2020. The goal of 2022 is that cashew nut exports will reach 3.8 billion USD, up $200 million compared to 2021.

Original content

Europe is Vietnam's second largest cashew export market According to the Trade Promotion Department (Ministry of Industry and Trade), 2021 is considered a successful year for Vietnam's cashew exports with an export volume of 579,800 tons, worth 3.64 billion USD, up 12. 6% in volume and 13.3% in value compared to 2020. The goal of cashew nut export turnover in 2022 is USD 3.8 billion, an increase of USD 200 million compared to 2021. Europe (EU) is currently Vietnam's second largest cashew nut export market (after the US), the export proportion accounts for 23% of the total volume and 22% of the total value of the industry. According to estimates, Vietnam's cashew nut exports in 2021 to this market will reach 135 thousand tons, worth 816 million USD, up 16.5% in volume and 7.9% in value compared to 2020. The growth of cashew nut exports to the EU contributed significantly to the overall growth of the industry. The tax rate for cashew products imported into the EU from Vietnam will ...
Source: Vinacas
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