Vietnam's cashew nut exports maintain the number one position

Cashew Nut Kernel

Vietnam

Market & Price Trends

Published Jan 21, 2024

Tridge summary

In 2023, Vietnam's cashew export turnover reached 3.63 billion USD, with an output of 641,000 tons, marking a 17% increase in value and more than 23% increase in output compared to 2022. The US became the largest export market for Vietnamese cashews in 2023, with exports totaling 885 million USD, while the Chinese market also saw significant growth, surpassing the US as the largest importer of Vietnamese cashews. Despite facing unfavorable global economic factors, Vietnam's cashew industry remains the world's number one in export, and experts believe there is potential for further growth through improved processing and product diversity.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

For the whole year 2023, Vietnam's total cashew export turnover will reach 3.63 billion USD, with an output of 641,000 tons, an increase of 17% in value, an increase of more than 23% in output compared to 2022. According to the General Department of Customs, in December 2023, Vietnam's cashew exports reached 63,000 tons, worth 343 million USD, an increase of 34% in volume and an increase of 27.5% in value compared to December 2022. For the whole year 2023, Vietnam's total cashew export turnover reaches 3.63 billion USD, output reaches 641,000 tons, up 17% in value, up more than 23% in output compared to 2022. In terms of type structure, Vietnam mainly exports cashew nuts W320, W240, W180, accounting for 63.51% of the total volume and 69.84% of the country's total export turnover. According to the Vietnam Cashew Association, in 2023, the US will be Vietnam's largest cashew export market. Specifically, cashew nuts exported to the US market reached 885 million USD, an increase of 5% ...

Source: Vinacas