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    Home > Food News > Food Articles > Vietnam predicts that cashew nut exports will maintain considerable growth in the third quarter of this year

    Vietnam predicts that cashew nut exports will maintain considerable growth in the third quarter of this year

    • Last Update: 2021-08-13
    • Source: Internet
    • Author: User
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    Vietnam, "Trade and Industry News" August 2 reported that due to cyclical factors make the United States and the European Union 's imports increased demand, Vietnam is expected in the third quarter cashew exports will maintain impressive growth
    .
     
    The Import and Export Department of the Ministry of Industry and Trade of Vietnam stated that it is expected that the export volume of Vietnamese cashew nuts in July this year will reach 50,000 tons, and the export value will reach 324 million US dollars, down 14.
    9% and 12.
    3% respectively from the previous month; and up 19.
    6% and 33.
    5% year-on-year respectively
    .
    Overall, in the first seven months of this year, Vietnam's cashew nut exports reached 324,000 tons, and the export value reached 1.
    97 billion U.
    S.
    dollars, an increase of 21.
    4% and 14% respectively year-on-year
    .

     
    In the first five months of this year, the United States reduced its cashew nut imports from the Vietnamese market.
    The import value was only US$346.
    1 million, a decrease of 17.
    7%
    .
    In the first five months of this year, Vietnamese cashews accounted for 87.
    64% of the total US cashew imports, down from 88.
    22% in the first five months of 2020
    .

     
    In contrast, in the French market, imports from Vietnam increased significantly in the first five months of this year, with a year-on-year increase of 36.
    2%, reaching 34.
    41 million U.
    S.
    dollars
    .
    In the first five months of this year, Vietnamese cashews accounted for 64.
    99% of the French market, up from 55.
    41% in the first five months of 2020
    .

     
    In the first five months of this year, Japan’s imports of cashew nuts from India dropped sharply by 22.
    8% to 19.
    14 million U.
    S.
    dollars
    .
    In contrast, Japan increased its imports of cashew nuts from Vietnam, an increase of 4.
    5% to US$12.
    92 million
    .
    In the first five months of this year, Vietnamese cashews accounted for 38.
    97% of the Japanese market, up from 33.
    09% in the first five months of 2020
    .
    It can be seen that the consumption tendency of Japanese consumers is gradually shifting from Indian cashews to Vietnamese cashews
    .

    U.
    S.
    and EU imports of cashew nuts for export
     
      The Import and Export Department of the Ministry of Industry and Trade of Vietnam stated that it is expected that the export volume of Vietnamese cashew nuts in July this year will reach 50,000 tons, and the export value will reach 324 million US dollars, down 14.
    9% and 12.
    3% respectively from the previous month; and up 19.
    6% and 33.
    5% year-on-year respectively
    .
    Overall, in the first seven months of this year, Vietnam's cashew nut exports reached 324,000 tons, and the export value reached 1.
    97 billion U.
    S.
    dollars, an increase of 21.
    4% and 14% respectively year-on-year
    .

     
      In the first five months of this year, the United States reduced its cashew nut imports from the Vietnamese market.
    The import value was only US$346.
    1 million, a decrease of 17.
    7%
    .
    In the first five months of this year, Vietnamese cashews accounted for 87.
    64% of the total US cashew imports, down from 88.
    22% in the first five months of 2020
    .

     
      In contrast, in the French market, imports from Vietnam increased significantly in the first five months of this year, with a year-on-year increase of 36.
    2%, reaching 34.
    41 million U.
    S.
    dollars
    .
    In the first five months of this year, Vietnamese cashews accounted for 64.
    99% of the French market, up from 55.
    41% in the first five months of 2020
    .

     
      In the first five months of this year, Japan’s imports of cashew nuts from India dropped sharply by 22.
    8% to 19.
    14 million U.
    S.
    dollars
    .
    In contrast, Japan increased its imports of cashew nuts from Vietnam, an increase of 4.
    5% to US$12.
    92 million
    .
    In the first five months of this year, Vietnamese cashews accounted for 38.
    97% of the Japanese market, up from 33.
    09% in the first five months of 2020
    .
    It can be seen that the consumption tendency of Japanese consumers is gradually shifting from Indian cashews to Vietnamese cashews
    .
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