This represents a 10% decrease in volume, but a 14.4% increase in value compared to the same period in 2024.

In April alone, Vietnam exported 73,410 tonnes of cashew nuts, up 31.5% in volume and 28.6% in value compared to March and up 9.6% in volume and 37.9% in value year-on-year. 

Export prices for cashew nuts have grown significantly compared to last year's period. 

For the first four months of this year, the average export price reached US$6,817 per tonne, up 27.1% over the same period last year.

In terms of market structure, China, the US, the Netherlands, the United Arab Emirates (UAE) and Germany were the top five export markets for Vietnamese cashew nuts in April. 

China became Vietnam’s largest export market for cashew nuts. It recorded the highest growth during the month, with 23,750 tonnes worth US$149.1 million. This figure showed a sharp increase of 126.7% in volume and 129.8% in value compared to March.

The Vice Chairman of the Vietnam Cashew Association (VINACAS), Bach Khanh Nhut, said that in 2025, the cashew industry aims to achieve exports exceeding US$4.5 billion. To obtain this goal, the industry will focus on three pillars - improving product quality, diversifying markets and strengthening trade promotion.

In 2023, VINACAS’s trade promotion delegation visited Japan, which is considered an emerging market. In 2024, the delegation went to China and this year, trade promotion activities are expected to take place in  September in Australia.

Vietnamese cashew enterprises are also paying close attention to the Middle East market, particularly the UAE. It is seen as a reputable trading hub for agricultural products in the region. Many Vietnamese cashew enterprises participate in the GoodFood Fair held in the UAE every February to seek cooperation opportunities and look for market expansion.

To successfully penetrate this potential market, the key prerequisite is for Vietnamese businesses to proactively enhance their production processes and product quality, according to Nhut. 

It is essential to regularly update information from the Middle Eastern market to promptly adjust and meet specific requirements and standards.

When entering new markets, there is always a risk of being taken advantage of or scammed. Vietnamese businesses must remain highly cautious.

VINACAS will act as a bridge, supporting connections with trade counsellors and Vietnamese embassies in Middle Eastern countries. It aims to gather and provide information about trustworthy partners and minimise potential risks for businesses.

US remains largest buyer of Vietnamese cashew nuts in 2024

VOV.VN - The United States spent nearly US$1.2 billion on purchasing nearly 192,200 tonnes of cashew nuts from Vietnam last year, up 21.3% in volume and 30.3% in value year on year, according to the General Department of Vietnam Customs.