Vietnam is an irreplaceable source of a grain for China

Published 2022년 9월 20일

Tridge summary

In August 2022, Vietnam's cashew exports reached approximately 46,830 tons, worth $273.7 million, with the average export price dropping to $5,844.7/ton. From January to August 2022, the exports totaled 342,300 tons valued at $2.04 billion, marking a decrease in both volume and value compared to the same period in 2021. Despite this, Vietnam remains a significant source of cashew nuts for China, which imported over 145.18 million USD worth in the first seven months of 2022, accounting for 87.8% of China's total cashew nut imports. Spain also increased its cashew imports from Vietnam by 62.5% in volume and 67.7% in value in the first half of 2022, thanks to the Europe-Vietnam Free Trade Agreement (EVFTA).
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics from the General Department of Customs, in August 2022, Vietnam's cashew exports reached approximately 46,830 tons, worth $273.7 million, up 2.8% in volume and 2.3% in value compared to July 2022, compared with August 2021, down 1.6% in volume and 13.4% in value. In the first 8 months of 2022, Vietnam's cashew exports reached 342,300 tons, worth 2.04 billion USD, down 3.1% in volume and 9.1% in value over the same period in 2021. In August 2022, the average export price of Vietnam's cashew nuts reached US$5,844,7/ton, down 0.4% compared to July 2022 and down 11.9% compared to August 2021. In the first 8 months of 2022, the average export price of Vietnam's cashew nuts reached 5,974.9 USD/ton, down 11.9% over the same period in 2021. According to the Import-Export Department (Ministry of Industry and Trade), Vietnam is still an important source of cashew nuts for China. Photo: T.L According to the Import-Export Department (Ministry of Industry and Trade), ...
Source: Vinacas

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