For 12 consecutive years Vietnam is the world leader in cashew exports
It is expected that in 2017 the whole industry will strive to export 330,000 tons of cashew nuts of all kinds with the export turnover of $ 3.0 billion.
According to the statistics of the Information Center of Industry and Trade (Ministry of Industry and Trade), in the first 10 months of 2017, the export of kernel increased in both quantity and value over the same period of 2016.
Specifically, the export of cashew nuts reached 294,000 tons and 2.98 billion USD, up 0.4% in volume and up 25.6% in value compared with the first 10 months of 2016. The United States, the EU, China still maintained the three largest cashew import markets of Vietnam accounting for 35%, 25% and 15% of total cashew exports respectively.
Vietnam’s cashew sector continues to maintain a market share of over 50% of global cashew kernel exports.
According to the export plan of the Vietnam Cashew Association (VINACAS), in the context of many difficulties, in 2017, the whole industry strives to export 330,000 tons of cashew nuts of various kinds with export turnover of cashew nut products. over 3.3 billion USD (in which cashew nut exports is 3.0 billion USD) – the highest ever.
With the results achieved in the first 10 months of 2017, Vietnam cashew industry will continue to maintain market share over 50% of total global cashew exports (about USD 5.5 billion). 2017 is also the 12th consecutive year of cashew industry in Vietnam to hold the world number 1 in processing, cashew exports.
2017 is also the year marking 27 years of growth and development of Vietnam cashew industry. The results of business production last time showed great efforts of processing enterprises, export of cashew nuts, especially in the context of many difficulties and challenges.
In 2018, VINACAS will continue to work with farmers and businesses, encourage green and clean production, deep processing, develop domestic market and export support to bring the trade value of the whole industry up. about 3.5 – 3.7 billion.
Prior to that, in 2016, the cashew industry in Vietnam processed 1.5 million tons of raw cashew nuts, exported over 348,000 tons of cashews, with export turnover of 3.1 billion USD, including 2.84 $ billion cashew kernel, the rest are by-products of the regulator.
Export value ranked second in the group of 5 major export products of Vietnam including coffee, cashew, vegetables, rice, pepper. 2016 is the 11th year in a row (since 2006), the cashew industry in Vietnam is the world’s leading cashew nut exporter. In 2016, Vietnam accounted for more than 50% of processed cashew and more than 60% of cashew nut exported worldwide.
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