In October of 2019 alone, cashew exports increased both in volume and value, up by 3.5 per cent and 4.2 per cent respectively to 44,000 tons, worth of 304.67 million USD.

Although ranked 3rd in terms of raw cashew output, Vietnam is leading the world in exporting cashew nuts for 10 consecutive years.

Vietnam's cashews were exported to 27 countries and territories, of which the US, China, the Netherlands, Germany and the UK were the main markets. The amount of cashew exports from these countries accounted for 65.92 per cent of the total amount of cashew exports, of which the exports to the US reached 122,590 tons, worth of 865.52 million USD, up by 7.91 per cent in volume but down by 18.12 per cent of the value, with the average export price of 7060.01 USD per ton, down by 24.12 per cent over the same period of 2018.

In October of 2019, Vietnam also exported to the U.S 13.510 tons of cashew nuts, worth of 88.76 million USD, down by 3.66 per cent in volume and 2.98 per cent in value, with the average price of 7060.01 USD per ton, up by 0.71 per cent compared to September of 2019. In comparison with October of 2018, the figure was up by 40.19 per cent in volume and up by 5.47 per cent in value, and the average price decreased by 24.76 per cent.

China ranked second after the US market with 58,140 tons, worth of 447,280 million USD, up by 58.16 per cent in volume and 36.30 per cent in value over the same period of 2018, although the average export price decreased by 13.82 per cent with only 7692.53 USD per ton. In October of 2019 alone, the country exported to the Chinese market 8,420 tons of cashew nuts, valued at 63.70 million USD, the average price reached 7564.35 USD per ton, up by 8.2 per cent in volume, 9.59 per cent in value. The average price increased by 1.29 per cent compared to September of 2019. In comparison with October of 2018, the figure increased both in volume and value, up by 25.74 per cent and 17.11 per cent respectively but the average price decreased by 6.86 per cent.

The next were the Netherlands, Germany and Britain with 36,610 tons; 14,480 tons and 13,590 tons worth of 275.13 million USD; 109.22 million USD and 92.23 million USD, respectively.

In general, in the first 10 months of 2019, cashew exports to markets mostly increased in volume, accordingly, the exports to Pakistan increased by 2.4 times (an increase of 137.5 per cent), but only reached 133 tons, valued at 1.03 million USD, an increase of 2.1 times (ie 114.34 per cent) over the same period of 2018, with the average export price of 7760.79 USD per ton, down by 9.75 per cent. Particularly in October of 2019, Vietnam also exported to Pakistan 29 tons of cashew nuts, worth of 238,300 USD, with an average price of 8217.24 USD per ton, down by 61.33 per cent in volume and 56.61 per cent in value, and the average price was up by 12.23 per cent compared to September of 2019. As compared to October of 2018, the figure was up by 3.57 per cent in volume, 6.9 per cent in value and the average price increased by 3.22 per cent.

In contrast, the exports of cashew nuts to South Africa and Norway markets fell sharply by 23.59 per cent and 22.18 per cent respectively with 625 tons and 806 tons,  and the turnover also decreased by 46.07 per cent and 42.09 per cent over the same period last year.

Notably, the structure of export markets of the first 10 months of this year compared to last year has more markets such as Saudi Arabia with 2,940 tons; Kuwait - 144 tons; Iraq – 1,200 tons and Egypt – 1,500 tons.