News

Vietnam spent 2.73 billion USD importing cashew nuts

Published Oct 12, 2023

Tridge summary

Vietnam has exported 1.25 million tons of cashew kernels, earning $3.13 billion in the first 9 months of 2023. Although the export volume decreased by 8.3%, the value increased by 0.7% compared to the same period last year. However, Vietnam also experienced a trade deficit in the cashew industry, importing 2.33 million tons of cashew nuts worth $2.73 billion, with a significant increase in volume and value compared to the previous year.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: Vietnamnet.vn Preliminary statistics from the General Department of Customs show that in the first 9 months of 2023, our country exported 1.25 million tons of cashew kernels, earning 3.13 billion USD, down 8.3% in volume but up 0.7%. in value compared to the same period last year. Currently, Vietnam continues to hold the number 1 position in the world in exporting cashew kernels. In particular, our country's cashew kernels are accounting for a large market share in the total import turnover of this product from the US and China. According to cyclical factors, Vietnam's cashew export activities will be vibrant in the last months of the year. Demand for cashew nuts for holidays and Tet will increase sharply. However, our country also spends a large amount of money to import cashews to serve the needs of export processing and domestic consumption. By the end of September this year, our country imported 2.33 million tons of cashew nuts, with a value of 2.73 billion USD. ...
Source: AgroInfo.vn
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