Cambodia is Vietnam's largest source of cashew nuts.

According to the General Department of Customs, in June 2024, Vietnam exported 62.64 thousand tons of cashew nuts, worth 376.32 million USD, down 7.5% in volume, but up 1.6% in value compared to May 2024, up 4.5% in volume and 9.5% in value compared to June 2023. In the first 6 months of 2024, Vietnam exported 353.5 thousand tons of cashew nuts, worth 1.94 billion USD, up 26.2% in volume and 18.7% in value compared to the same period last year.

Cambodia is Vietnam's largest source of cashew nuts.

In June 2024, the average export price of Vietnam's cashew nuts reached 6,008 USD/ton, up 9.8% compared to May 2024 and up 4.8% compared to June 2023. In the first 6 months of 2024, the average export price of Vietnam's cashew nuts reached 5,502 USD/ton, down 6.4% over the same period last year.

In June 2024, Vietnam increased cashew nut exports to most traditional and potential markets, except for the UK, Australia, and Canada. In the first 6 months of 2024, Vietnam increased cashew nut exports to most traditional and potential markets, except for Saudi Arabia. Notably, Vietnam's cashew nut exports to many major markets recorded double-digit growth.

On the other hand, Vietnam imported nearly 1.5 million tons of cashew nuts, worth 1.8 billion USD, up 8.4% in volume, while the value only increased slightly by 3.4%. Cambodian cashew nuts accounted for 55.5% of the total import turnover of this item in our country in the first half of this year. Accordingly, in the first half of this year, over 780,700 tons of cashew nuts from this country were imported into Vietnam, worth up to 1 billion USD. Cashew imports from the Cambodian market alone increased by 36.7% in volume and 28.1% in value compared to the same period in 2023.

Vietnam is the world's number 1 cashew nut exporter. However, the domestic supply of raw materials for processing in our country is still limited, so businesses have to import cashews in large quantities. In addition to Cambodia, businesses also import a large amount of cashews from Africa. However, the situation of importing poor quality cashews to impersonate domestic cashew brands is increasingly common, affecting the reputation as well as the brand of Vietnamese cashews.

Recently, the Binh Phuoc Cashew Association had to “call for help” because of the situation of poor quality products impersonating the province’s cashew brand being sold widely online. The above products are old-crop imported cashew nuts of poor quality. Among them, there are many wormy and moldy kernels inside, which no longer have the characteristic flavor and can affect the health of consumers.

Source: https://congthuong.vn/campuchia-dang-la-nguon-cung-hat-dieu-lon-nhat-cua-viet-nam-333277.html