The US is buying tens of thousands of tons of 'products' from Vietnam: being the number 1 regular customer for 10 consecutive years, unlikely to be affected by reciprocal taxes

Published 2025년 4월 11일

Tridge summary

Vietnam saw a significant increase in cashew nut exports in March, with a 93.6% rise in volume and a 92.4% rise in value compared to February. The first quarter of the year brought in over 839 million USD from these exports, despite a slight decrease in volume. The US was the largest market for these exports, followed by China and the Netherlands. Despite the US imposing a 46% reciprocal tax on goods from Vietnam, cashew nuts are expected to escape the highest tax rates due to their classification as a essential food product and the lack of domestic competition in the US market. The processed cashew nut market in the US is projected to grow to over 1.3 billion USD by 2035.

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

Original content

Source: antt.nguoiduatin.vn According to preliminary statistics from the General Department of Customs, Vietnam's cashew nut exports reached 55,839 tons in March, up sharply by 93.6% in volume and 92.4% in value compared to February. In the first quarter, this item earned more than 839 million USD, down 18.7% in volume but up 4% in value over the same period. In terms of markets, the US was Vietnam's largest export market in the first 3 months of the year with nearly 29,000 tons of cashew nuts, worth 197.4 million USD, down 26% in volume and down 5% in value compared to 3M/2024. The average export price reached 6,830 USD/ton, up 28.5% over the same period. In 2024, the US spent a record of more than 1.15 billion USD for the first time to import nearly 192,200 tons of cashew nuts from Vietnam. Vietnamese cashew nuts account for 98% of the total value of US cashew nut imports. China ranked second with more than 17,400 tons imported from Vietnam, worth 109.5 million USD. The ...

Source: AgroInfo.vn