Customs Online of Vietnam reported on Aug.24 that according to the latest statistical data of General Administration of Customs, in first half of August this year, Vietnam totally exported cashew nuts of 20,400t with value of USD137.44 million, respectively declining 1.2% and increasing 14.5% on year-on-year basis.

From the beginning of this year to August 15, total cashew nuts exported of Vietnam reached 348,700t with export value of USD2.14 billion, respectively 21.5% and 15.6% higher on year-on-year basis.

In the aspect of export market, in July and first seven months of the year, the cashew nuts export to major markets of Vietnam soared.

In terms of export price, based on data released by Import-Export Bureau, Ministry of Industry and Trade (MOIT), the export price of cashes nuts in the country reached USD6457/t in July, rising 2.7% on quarter-to-quarter basis and 11.2% on year-on-year basis.

However, in the first seven months, the export price dropped to USD6095/t, 6.1% lower year on year. Except Egypt, China, Israel, Pakistan, Saudi Arabic, India, Singapore and South Africa, the average price of cashew nuts exported to many markets reduced to certain degree.

Import-Export Bureau MOIT predicted that the cashew export is optimistic due to higher cashew nuts demand of Europe and America for cashew nuts as affected by cyclical factors. Lots of large enterprises received orders for shipment in 2022.