In August 2023, Vietnam's cashew exports reached a new record high of 60.58 thousand tons, worth 333.83 million USD. The Import-Export Department (Ministry of Industry and Trade) cited statistics from the General Department of Customs as saying that in August 2023, Vietnam's cashew nut exports continued to record a new record high of 60.58 thousand tons, worth price 333.83 million USD, an increase of 10.8% in volume and an increase of 9.7% in value compared to July 2023, an increase of 29.2% in volume and an increase of 21.8% in value compared to August 2022. value. August 2023 new high-speed production conditions In August 2023, cashew exports reached a new record high In the first 8 months of 2023, Vietnam's cashew exports reached nearly 395.6 thousand tons, worth 2.28 billion USD, up 15.5% in volume and 11.3% in value compared to the same period last year. period last year. August 2023 new high-speed production conditions Movement of Vietnam's average cashew export price over the months in the period 2021 - 2023 (Unit: USD/ton) (Source: Calculated from data of the General Department of Customs) In August 2023, Vietnam's average cashew export price reached 5,510 USD/ton, down 1% compared to July 2023 and down 5.7% compared to August 2022. In the first 8 months of 2023, Vietnam's average cashew export price reached 5,760 USD/ton, down 3.6% over the same period in 2022. In August 2023, cashew nut exports to many key and potential markets increased compared to the same period in 2022. Notably, cashew nut exports to the United Arab Emirates and Saudi Arabia markets double-digit growth. August 2023 new high-speed production conditions Vietnam's 10 largest cashew export markets in August and 8 months of 2023 (Source: Calculated from data of the General Department of Customs) Overall, in the first 8 months of 2023, cashew exports to all major markets increased. In particular, cashew nut exports to China, Germany, England, the United Arab Emirates, and Saudi Arabia increased compared to the same period last year. This year, the cashew industry aims to export more than 3.1 billion USD. Besides favorable factors, this industry still faces many challenges. Notably, factories must depend on 50 - 60% of imported raw materials. To improve this problem, the key step is to promote renovation and improve the yield and quality of Vietnamese cashew trees.