Vietnam spends over US$3 billion on unprocessed cashew nut imports
VOV.VN - Vietnam spent more than US$3 billion purchasing nearly 2.7 million tonnes of unprocessed cashew nuts between January and November 2023, up 19.2% and 46.5% respectively, according to the General Department of Customs.
The largest suppliers of cashew nuts to Vietnam included Ivory Coast, Cambodia, Nigeria, Ghana and Tanzania, of which the imports from Ivory Coast and Cambodia made up 57.5% of the country’s total value.
This year, local businesses reduced the imports from Cambodia and Tanzania, but increased the imports from Ivory Coast, Nigeria and Ghana.
Notably, Ivory Coast shipped 850,000 tonnes valued at US$919.3 million to Vietnam, up 87% in volume and 56% in value compared to the same period last year.
Meanwhile, Cambodia exported 613,000 tonnes for US$835 million, down 14% in volume and 23% in value. Despite the fall, Cambodia was the second largest supplier of the product to Vietnam.
Vietnam has increased the import of unprocessed cashew nuts this year due to a limited supply locally that only meets 30% of the processing capacity.
Statistics also show Vietnamese businesses exported 582,000 tonnes of processed cashew nuts for US$3.31 billion, up 23.1% in volume and 17.4% in value.
