In October 2023, Vietnam’s cashew exports recorded a new record high of 64.32 thousand tons, worth 358.18 million USD.
The Import-Export Department (Ministry of Industry and Trade) cited statistics from the General Department of Customs as saying that in October 2023, Vietnam’s cashew nut exports recorded a new record high of 64.32 thousand tons, worth 358 million tons. .18 million USD, an increase of 13.3% in volume and an increase of 15.5% in value compared to September 2023, an increase of 47.7% in volume and an increase of 37.1% in value compared to October 2022.
In the first 10 months of 2023, Vietnam’s cashew exports will reach approximately 516.87 thousand tons, worth 2.95 billion USD, up 21.8% in volume and 15.9% in value compared to the same period last year. period last year.
In October 2023, Vietnam’s average cashew export price reached 5,569 USD/ton, up 2.0% compared to September 2023, but down 7.2% compared to October 2022.
Overall for the first 10 months of 2023, Vietnam’s average cashew export price reached 5,703 USD/ton, down 4.8% compared to the same period in 2022.
In October 2023, cashew exports to most traditional and potential markets increased sharply compared to the same period in 2022.
Notably, cashew nut exports to the Netherlands, Germany, England, and the United Arab Emirates markets increased very strongly.
Overall, in the first 10 months of 2023, cashew nut exports to all major markets increased in volume, while in terms of export value, the only decrease was to the Australian market.
Of which, cashew nut exports to the US market reached 733 million USD, up 4.7% over the same period last year; to the Chinese market reached 522.3 million USD, a sharp increase of 46.6%.
Next, exports to the Netherlands reached 295 million USD, an increase of 19.8%; to Germany reached 99 million USD, an increase of 8.4%; to Thailand increased by 10.2%; to Saudi Arabia increased by 36.1%; Exports to Canada, the United Arab Emirates and the UK increased by 9.3%, 59.9% and 7.3% respectively.
On the world market, according to statistics from the Indian Ministry of Commerce, the country’s cashew exports in the first 8 months of 2023 reached 41.1 thousand tons, worth 244.5 million USD, an increase of 26.1 million USD. % in volume, but down 0.6% in value compared to the same period last year.
In the first 8 months of 2023, India exported cashew nuts to 53 countries and territories around the world. In particular, India’s main cashew export markets include: United Arab Emirates, Vietnam, Japan, Netherlands, Saudi Arabia…
Notably, India’s cashew export rate to Vietnam increased by up to 3 digits. India mainly exports unshelled fresh/dried cashew nuts (HS 080131) to Vietnam.
According to statistics from Eurostat, in the first 8 months of 2023, the Netherlands imported cashew nuts from the non-EU market reaching approximately 39.17 tons, worth 226.55 million EUR (equivalent to 242.18 million USD). ), increased 1.7% in volume, but decreased 9.7% in value compared to the same period last year. In particular, the Netherlands reduced cashew imports from Vietnam and India, but increased from Ivory Coast, Burkina Faso and Brazil.