Import and Export Department of the Ministry of Industry & Trade of Vietnam said that in May 2018, Vietnam cashew export grew for four consecutive months, with export volume of 35,000 tons, foreign exchange earning of $330 million, export volume and amount of exports month-on-month growth respectively 8.8% and 6.4% and year-on-year growth respectively 0.6% and 21.4%.

In the first five months of 2018, the total export volume of cashews was 141,000 tons, with the year-on-year growth of 21.4%, foreign exchange earning of $1.396 billion and growth of 25.3%.

In May, the average export price was $9,429 a ton, with the month-on-month decline of 2.2% and year-on-year decline of 5.3%. The average export price of cashews in the first five months was $9,867 a ton, with the year-on-year growth of 3.2%.

In the first quarter of this year, cashew export volume reached 73,000 tons, earning foreign exchange of $739 million, with year-on-year growth of export volume and amount of exports respectively 31% and 43.6%.

The United States, China and the Netherlands remain the three largest markets for Vietnam cashews, accounting for 30.5%, 16.8% and 14.3% of Vietnam’s total amount of exports of cashews. Vietnam cashew export volume and amount of exports to Australia fell 13.9% and 7.1%, respectively.