AsemconnectVietnam - In August of 2023, Vietnam's cashew exports reached a new record high of 60,580 tonnes, worth of 333.83 million USD.

The Import-Export Department (under the Ministry of Industry and Trade) cited the statistics figures from the General Department of Customs as saying that in August of 2023, Vietnam's cashew nut exports continued to record a new record high of 60,580 tonnes, worth of 333.83 million USD, an increase of 10.8% in volume and an increase of 9.7% in value compared to July of 2023. The figure saw an increase of 29.2% in volume and an increase of 21.8% in value compared to August of 2022.
In the first 8 months of 2023, Vietnam's cashew exports reached nearly 395,600 tonnes, worth of 2.28 billion USD, up by 15.5% in volume and 11.3% in value compared to the same period last year.
In August of 2023, Vietnam's average cashew export price reached 5,510 USD/tonne, down by 1% compared to July of 2023 and down by 5.7% compared to August of 2022. In the first 8 months of 2023, Vietnam's average cashew export price reached 5,760 USD/tonen, down by 3.6% over the same period of 2022.
In August of 2023, cashew nut exports to many key and potential markets increased compared to the same period of 2022. Notably, cashew nut exports to the United Arab Emirates and Saudi Arabia markets saw double-digit growth.
Overall, in the first 8 months of 2023, cashew exports to all major markets increased. In particular, cashew nut exports to China, Germany, England, the United Arab Emirates, and Saudi Arabia increased compared to the same period last year.
This year, the cashew industry aims to export more than 3.1 billion USD worth of cashew nuts. Besides the favorable factors, this industry still faces many challenges. Notably, factories must depend on 50 - 60% of imported raw materials. To improve this problem, the key step is to promote renovation and improve the yield and quality of Vietnamese cashew trees.
CK
Source: VITIC/congthuong.vn