Vietnam spends nearly US$3 billion on cashew nut imports for processing
VOV.VN - Vietnam spent nearly US$3 billion purchasing cashew nuts for processing for exports and domestic use over the past nine months, according to the General Department of Vietnam Customs.
Statistics show businesses imported 2.33 million tonnes of cashew nuts worth US$2.73 billion between Jan. – Sept., 2023, up 42.1% in volume and 16.2% in value year on year.
Of the total, they purchased 700,000 tonnes worth US$765.5 million from the Ivory Coast, up 84% in volume and up 54.5% in value, making the Western African nation the largest supplier of cashew nuts to Vietnam.
The Ivory Coast was followed by Cambodia that supplied 609,000 tonnes valued up to US$830 million to Vietnam, down 13% in volume and down 23% in value.
Besides the Ivory Coast, other African suppliers such as Ghana and Nigeria saw their cashew nuts exports to Vietnam go up in both volume and value. Statistics indicate the Ghanaian exports rose 64.9% in volume and 40% in value, while the Nigerian exports climbed 134% in volume and 89.7% in value.
It is expected that businesses will continue to import a large quantity of cashew nuts in the remaining two months of the year to meet export orders and support domestic consumption.
Meanwhile, Vietnam exported 1.25 million tonnes of cashew nuts in the nine-month period, earning US$3.13 billion, down 8.3% in volume but up 0.7% in value.
