Vietnam is the number 1 cashew supplier to the US and China

Cashew nut exports in the first half of 2022 faced many difficulties due to reduced consumption, small orders, etc. However, this item still retains an important role in major markets such as the US and China. Illustration According to data from the General Department of Customs, in June 2022, cashew nut exports were estimated at nearly US$285 million, down 6.9% in volume and 6.5% in value compared to May 2022. Accumulating 6 months, export of cashew nuts is estimated at more than 1.5 billion USD, down 9.2% over the same period in 2021. According to the Import-Export Department (Ministry of Industry and Trade), Vietnam is currently the number one supplier of cashew nuts to the US and China, and Vietnam's cashew nut market share in these two markets has gone up. Specifically, data from the US International Trade Commission shows that in the first 6 months of the year, the US imported 80,000 tons of cashew nuts, equivalent to US$ 521 million, up 4% in volume and 8.5% in value. ...