Vietnam imported 3.1 million tons of a type of seed, a large portion of which came from Cambodia, and then processed and sold it to the United States and China

Published Mar 2, 2022

Tridge summary

In 2021, Vietnam's cashew industry set records for the largest import and the first import from Cambodia of over 1 million tons of raw cashews. The country maintained its position as the world's leading exporter of cashew kernels, accounting for 80% of global exports. Despite a decrease in exports in January 2022, the industry is projected to reach a total export turnover of about 3.8 billion USD in 2022. However, the industry faces concerns due to the tension between Russia and Ukraine.

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

Original content

In 2021, Vietnam's cashew industry has 2 records, the largest import record ever and the record imported from Cambodia with over 1 million tons of cashew nuts. At the recent congress of the Vietnam Cashew Association (VINACAS), Mr. Nguyen Minh Hoa, Vice President of VINACAS, said that in 2021, Vietnam will continue to maintain the number 1 position in the world in terms of cashew kernel exports, accounting for 80 % of total cashew kernel exports of the world. Accordingly, in 2021, Vietnam will export 609,260 tons of cashew kernels with a total turnover of 3.75 billion USD, up 16.81% compared to 2020. Currently, Vietnamese cashews account for 90% of the market share in the US and China, 80% of the market share in the Netherlands and 60% of the market share in Germany. However, 2021 also recorded two new records of the cashew industry, which is the record for the largest raw cashew import ever with over 3.1 million tons of raw cashew nuts and the first time that Vietnam imported ...

Source: Danviet