Vietnam is currently the largest supplier of cashew for China, the US, and South Korea

Published 2023년 8월 8일

Tridge summary

Vietnam's cashew exports have seen a significant increase in both volume and value in the second quarter of 2023 compared to the previous year. The Asian and American regions are the main destinations for cashew exports, with notable increases in exports to the US, China, EU, UK, Australia, and Canada. Despite short-term challenges such as rising consumer inflation, the long-term outlook for the cashew industry is positive, with demand expected to increase again when the world economy recovers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Import-Export Department (Ministry of Industry and Trade), Vietnam's cashew exports will increase thanks to the cyclical factor and the increased demand for imports from the US and EU. Currently, domestic factories have signed many new orders and the demand for this item has started to increase again. According to statistics from the General Department of Customs, Vietnam's cashew exports in the second quarter of 2023 reached 167,930 tons, worth USD 984.9 million, up 50.9% in volume and 51.9% in value compared to the first quarter of 2023, up 15.8% in volume and 11 in comparison to the second quarter of 2022. 9% in value. In the first 6 months of 2023, cashew nut exports reached 279,430 tons, worth 1.63 billion USD, up 11.9% in volume and 8.8% in value over the same period last year. The Import and Export Department (Ministry of Industry and Trade) said that compared to the first quarter of 2023, cashew exports in the second quarter of 2023 to all regions of the ...
Source: Vinacas

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