Recording a new record
General Department of Customs (Ministry of Industry and Trade) cited data from General Department of Customs, saying that it is estimated that Vietnam's cashew nut exports in 2024 reach 730,000 tonnes, worth 4.37 billion USD, up 13.3% in volume and 20.2% in value compared to 2023. Average export price of Vietnam's cashew nuts will reach about 6,003 USD/tonne in 2024, up 6.1% compared to 2023.
Regarding the market, in the 11 months of 2024, Vietnam's cashew nut exports to 3 market regions: Asia, America, Europe all grew well, of which the strongest increase was in the Americas with an increase of 25.7% in volume and 30.4% in value compared to the same period in 2023. In contrast, cashew nut exports to Oceania and Africa decreased.
Cashew nut exports tend to increase to traditional and potential markets such as the United States and China. In particular, in the 11 months of 2024, cashew nut exports to the US market reached 179,480 tonnes, worth 1.07 billion USD, up 24.4% in volume and 31.6% in value compared to the same period in 2023.
Cashew nut exports to Chinese market reached 117,420 tonnes, worth 687.84 million USD, up 18.9% in volume and 14.4% in value compared to the same period in 2023. In addition, Vietnamese cashew industry also exploited the EU market well with exports to many member markets such as the Netherlands, Germany, Spain, etc. all growing.
Mr. Tran Huu Hau - Deputy General Secretary of Vietnam Cashew Association - assessed that in the past year, despite facing many difficulties in terms of crops and markets, cashew exports were still among 7 agricultural products exported over 3 billion USD of Vietnam with a record export turnover of 4.37 billion USD, up 20.2% in volume and 13.3% in value compared to 2023. Vietnam continues to be the largest cashew exporter in the world (for the 18th consecutive year) and accounts for over 80% of total global cashew export output.

Source: Vitic/ congthuong.vn