18 May 2023

In April 2023, the average export price of cashew nut tended to increase, reaching US$5,944/ton, the highest level since October 2022.

Agency of Foreign Trade (Ministry of Industry and Trade) quoted statistics from the General Department of Customs as saying that Vietnam's cashew exports in April 2023 reached approximately 51.4 thousand tons, worth 305.48 million USD. , an increase of 3.4% in volume and 3.5% in value compared to March 2023, an increase of 5.6% in volume and 5.2% in value compared to April 2022. With this figure, Vietnam's cashew exports in April 2023 reached the highest level since October 2021.

Accumulated in the first 4 months of 2023, Vietnam's cashew exports reached 162.4 thousand tons, worth USD 952.5 million, up 6.1% in volume and 4.5% in value over the same period last year. year 2022.

In April 2023, the average export price of Vietnam's cashew nuts reached US$5,944/ton - the highest level since October 2022 - an increase of 0.1% compared to March 2023, but a decrease of 0.3%. compared to April 2022. In the first four months of 2023, the average export price of Vietnam's cashew nuts reached $5,865/ton, down 1.5% over the same period in 2022.

In April 2023, cashew nut exports to many key and potential markets decreased compared to the same period in 2022, except for China, Saudi Arabia, and Japan. Generally, in the first 4 months of 2023, cashew nut exports to the US, Netherlands, Australia, Canada, Germany... decreased, but exports to China, United Arab Emirates, the UK, and Saudi Arabia, Japan rose.

On the world market, according to statistics from the International Trade Center, Brazil's cashew nut exports in the first quarter of 2023 reached 3.31 thousand tons, worth 19.47 million USD, up 11.3% in value. volume and increased 28% in value over the same period last year. In which, Brazil's cashew exports to the US, Netherlands and Canada markets grew by double digits, but exports to Mexico decreased.

According to statistics from the Chinese Customs, the country's cashew imports in the first quarter of 2023 reached 8.42 thousand tons, worth $33.88 million, up 45% in volume, but down 0. 6% in value over the same period last year.

In which, China imported approximately 4.72 thousand tons of cashews from Vietnam, worth 27.72 million USD, up 20.6% in volume and 7.2% in value. Vietnam's cashew nut market share in total imports from China decreased from 67.41% in the first quarter of 2022 to 56.05% in the first quarter of 2023.

Notably, China tends to shift to importing cashews from African markets such as Benin, Ivory Coast, Togo, and Tanzania.

Source: congthuong.vn