Last year is the first time Vietnam’s cashew export volume topped 500,000 tonnes, breaking the record it made in 2019 with 455,000 tonnes.
According to General Department of Vietnam Customs, Vietnam’s cashew nut exports reached a total of 515,000 tonnes worth US$3.21 billion in 2020, marking an increase of 13 per cent in volume and a decline of 2.3 per cent in value compared with those of 2019.
The cashew export turnover reduced as the export prices of cashew nuts fell sharply last year.
The United States continued to be the largest cashew importer of Vietnam both in quantity and value. In 2020, Vietnam exported 160,000 tonnes of cashew worth US$993 million to the US, accounting for 31 per cent of its total cashew export volume and 31 per cent of its cashew export turnover.
China was Vietnam’s second-biggest cashew importer last year as Vietnam exported more than 79,000 tonnes of cashew worth US$511 million to the market.
As the third biggest cashew importer of Vietnam, Holland last year imported 62,000 tonnes of Vietnamese cashew worth US$ 389 million.
Information from the International Pepper Community shows that Vietnam continues to be the largest pepper producer and exporter in the world in 2020.
In the first month of this year, Vietnam’s importation of soybean has strongly increased in both volume and value.
Vietnam’s exportation of seafood, vegetables … to the UK has made steady and positive growth in January, which includes the impacts from the UKVFTA.
As the market share continues to increase, Vietnam cashew nuts have accounted for approximately 90% of the US cashew imports in 2020.
China’s fruit imports value has been increasing and topped US$ 10 billion for the first time in 2020.
China has boosted its grain imports as its hog farming has recovered while it has faced corn shortfall, which is reshaping the global grain market.