Vietnam's Cashew Nut Exports Surpass Plan by Over 18%

1. Vietnam's Cashew Nut Exports Surpass Plan by Over 18% In the preceding year, our country successfully exported 644,000 tons of cashew nuts, valued at 3.6 billion USD, reflecting a remarkable 24% increase in volume and an 18% rise in value compared to the figures recorded in 2022. This outcome not only surpassed the 2023 plan by 18%, which was set at 3.05 billion USD, but also stands as the highest achievement in recent years. As reported on the general information website vietnambiz.vn, the average cashew export price in December 2023 reached 5,497 USD/ton, marking a 4% decrease compared to December 2022. The anticipated average export price for cashew nuts in the broader context of 2023 is projected to be 5,677 USD/ton, indicating a 5% decline compared to the previous year. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodity sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them. Dry fruits producers and dry fruits sellers can easily get the best price on the platform if they sell dry fruits in bulk while buyers can buy dry fruits in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. Vietnam Cashew Exports Thrive The Vietnam Cashew Association has reported that in 2023, the United States emerged as Vietnam's leading cashew export destination. Specifically, cashew nuts exported to the U.S. amounted to 885 million USD, representing a 5% increase from 2022 and constituting nearly 25% of the total export turnover for this commodity.

2. Cashew exports to China experienced a notable surge, reaching a turnover of 683 million USD, reflecting a significant 55% increase compared to 2022 and contributing 19% to the overall cashew export turnover of the country. Cashew nut exports to the Netherlands, serving as the gateway to the EU market, are expected to reach 353 million USD in 2023, marking a 19% increase from 2022 and comprising 10% of the country's total cashew export turnover. Additionally, positive export results were recorded for cashew nut shipments to potential markets such as Germany, England, and the United Arab Emirates in 2023. If you are a dry fruits importer wishing to buy dry fruits in bulk or a dry fruits exporter willing to export bulk dry fruits , then Tradologie.com is the right platform for you. Tradologie.com is a SaaS platform that facilitates bulk agro-commodities trade across the globe including all varieties of rice. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities such as rice, wheat, pulses, spices and many other commodities at negotiable rates. A seller on the platform does not need to reach out to buyers via orthodox methods such as middlemen, visiting trade shows and countries and purchase leads which yield no guaranteed results. Sellers on the platform get better access to new global buyers, increasing their overall business orders and profits, as there are no middlemen involved in the trade here. The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, followTradologie.com across all social media channels.