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  • Cashew nut exports grow positively 06/07/2023

    Jun 7th, 2023

    According to the General Department of Customs, Vietnam's cashew exports in May 2023 reached 57 thousand tons, worth 331 million USD, up 10.9% in volume and 8.3% in value compared to the previous year. April 2023, compared to May 2022, increased by 13.9% in volume and 8.3% in value. In the first 5 months of 2023, Vietnam's cashew exports were estimated at 219 thousand tons, worth 1.28 billion USD, up 8.0% in volume and 5.5% in value over the same period last year. last year. In May 2023, the average export price of Vietnam's cashew nuts was estimated at US$5,805/ton, down 2.3% compared to April 2023 and down 4.9% compared to May 2022. Generally in the first 5 months of 2023, the average export price of Vietnam's cashew nuts is estimated at 5,850 USD/ton, down 2.4% over the same period in 2022. Regarding types of cashew nuts in the first 4 months of 2023, Vietnam mainly exported cashew nuts W320, W240, W180, accounting for 62.3% of the total volume and 69.5% of the total export turnover of cashew nuts of all kinds. Therefore, the export growth of the above types of cashew nuts has had a positive impact on the whole industry. Types of cashew nuts of Vietnam exported in the first 4 months of 2023 severance of public relations Source: Calculation from the data of the General Department of Customs According to calculations from the General Department of Customs, in April 2023, our country's W320 cashew nut exports reached 20.61 thousand tons, worth 130.44 million USD, up 3.4% in volume and 3. .6% in value compared to the previous month, but compared to April 2022, down 0.6% in volume and 0.2% in value. Generally, in the first 4 months of 2023, W320 cashew nut exports reached 67.75 thousand tons, worth US$427.11 million, up 6.8% in volume and 3.3% in value over the same period last year. . In the first four months of 2023, the proportion of W320 cashew nut exports accounted for 41.7% of the total volume and 44.8% of the country's total turnover. Similarly, in the first 4 months of 2023, the export of cashew nuts W240, W180 increased by 5.4% and 57.4% respectively in volume, in terms of turnover increased by 5.2% and 48.4% compared to that of the same period last year, reaching 24.15 thousand tons and 9.28 thousand tons, worth $164.35 million and $70.86 million. In contrast, Vietnam reduced exports of some types of cashew nuts in the first 4 months of this year, including: cashew WS/WB, SP, W210, DW. In general, exports of the above categories are low. According to information from the Vietnam Cashew Association (Vinacas) and experts, Vietnam's cashew exports in 2022 will reach 519,782 tons, worth 3.08 billion USD, down 10.3% in volume, down 15 1% in value compared to 2021. It is forecasted that in 2023, Vietnam's cashew industry will continue to face difficulties, slow consumption demand, and difficult price increases. Production activities, the global cashew supply chain in general, and Vietnam in particular face many difficulties and great challenges from the international economic and political situation; exchange rate fluctuations USD/VND; Consumption decreases, processing costs are increasing... Businesses need to expand their search for customers, invest in deep processing of cashew-related products and diversify export products.


    Source: https://www.vinacas.com.vn/
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