Cashew nut exports on the rise

13:30 | 09/09/2016 Import-Export Follow english.haiquanonline.com.vn on

Vietnam shipped 34,000 tons of cashew nuts abroad in August to earn US$277 million, bringing the total export volume in eight months to 225,000 tons with a value of US$1.76 billion, up 5% in volume and 12.7% in value against the same period last year.

According to the Ministry of Agriculture and Rural Development (MARD), cashew nuts were exported during the first seven months of this year at an average price of US$7,746 per ton, up 6.5% over the same period last year.

The US, Netherlands and China remained the three largest importers of Vietnam cashew nuts, accounting for 33.4%, 13.5% and 13.1% of the total export value respectively.

Markets with high import growth in the period included Israel (39.3%), the UK (24.2%), China (23.1%), the Netherlands (20.2%), Germany (19.4%) and Italy (19.3%).

MARD also reported that Vietnam imported 156,000 tons of raw cashew nuts worth US$239 million in August. Totally, 725,000 tons of raw cashew nuts were imported in eight months, which cost US$842 million, up 3.7% in volume but down 5.4% in value.

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