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Vietnam is an irreplaceable source of a grain for China

Cashew Nut Kernel
Vietnam
China
Published Sep 21, 2022

Tridge summary

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.

Original content

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), from the beginning of the year until now, Vietnam's cashew exports to many traditional markets have decreased, including the US, the Netherlands, Israel... Notably, cashew nut exports to Italy recorded a 3-digit growth rate, an increase of 117.1% in volume. Meanwhile, China is still an important market for Vietnamese cashew nuts. According to the Chinese Customs Administration, in the first seven months of 2022, the country's cashew imports reached $165.34 ...
Source: Vinacas
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