In August 2023, Vietnam's cashew nut exports achieved a new record high with 60,58 thousand tons of cashew exported in total, valued at 333.83 million USD (according to statistics from the Ministry of Industry and Trade's Import-Export Department, citing data from the General Department of Customs). This amount represents a 10.8% increase in volume and a 9.7% increase in value compared to July 2023. In comparison to August 2022, exports grew by 29.2% in volume and 21.8% in value. Over the first 8 months of 2023, Vietnam's cashew nut exports reached nearly 395.6 thousand tons, valued at 2.28 billion USD, marking a 15.5% increase in volume and an 11.3% increase in value compared to the same period in the previous year.

In August 2023, the average export price of Vietnamese cashew nuts was 5,510 USD per ton, representing a 1% decrease compared to July 2023 and a 5.7% decrease compared to August 2022. The average export price for the first 8 months of 2023 stood at 5,760 USD per ton, showing a 3.6% decrease compared to the same period in 2022.

During August 2023, cashew nut exports expanded to numerous key markets, with significant growth observed in exports to the United Arab Emirates and Saudi Arabia. Over the first 8 months of 2023, exports to all major markets increased. Notably, cashew nut exports to China, Germany, the United Kingdom, the United Arab Emirates, and Saudi Arabia saw substantial growth compared to the same period in the previous year.

This year, the cashew nut industry has set an export target of over 3.1 billion USD. Despite favorable conditions, the industry still faces several challenges, including heavy dependence on imported raw materials, accounting for 50-60% of the total. To address this issue, the key focus is on improving and increasing the yield and quality of Vietnamese cashew trees.

According to Congthuong.vn