Vietnam has a type of seed that ranks first in the world in terms of exports

Published 2023년 8월 31일

Tridge summary

Vietnam's cashew exports are expected to increase due to cyclical factors and higher import demand from the US and EU. Despite a decrease in volume and turnover compared to the previous month, cashew exports in the first 7 months of the year saw a significant increase in both volume and value. The US remains the largest market for Vietnamese cashew nuts, accounting for a significant portion of the country's total cashew export turnover.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: nguoiquansat.vn According to the Import-Export Department (Ministry of Industry and Trade), Vietnam's cashew exports will increase thanks to cyclical factors and increased import demand from the US and EU. Currently, domestic factories have signed many new orders and demand for this product has begun to increase again. According to preliminary statistics from the General Department of Customs, in July 2022, Vietnam's cashew exports reached 54,675 tons, worth more than 304.3 million USD, down 7.5% in volume and down 10. 2% in turnover compared to June 2023. Overall, in the first 7 months of the year, cashew exports reached 334,870 tons, bringing in more than 1.94 billion USD, up 13.3% in volume and 9.7% in value compared to the same period in 2022. Export prices Average export in the first 7 months of the year reached 5,805 USD/ton, down 3% over the same period last year. Therefore, cashew nuts are one of the agricultural products with an export value of over 1 billion USD ...
Source: AgroInfo.vn

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