VOV.VN - Vietnam’s raw cashew imports totaled more than US$4 billion in the ten-month period of 2024, the highest level in three years, as global raw material prices increased sharply, according to the Ministry of Agriculture and Environment.

This year's export target of US$4.5 billion for cashews is feasible, given the commodity’s double-digit growth and rising demand during the year-end festive season, according to the Ministry of Agriculture and Environment (MAE).

VOV.VN - Since July, exports from several sectors to the US have slowed as American buyers tighten orders and ask Vietnamese businesses to share the burden of the 20% reciprocal tariff.

VOV.VN - Vietnam’s cashew industry has set an export target of US$4.5 billion for 2025, a 2.7% increase from the previous year, with strong first-half results putting the goal within reach, according to the Ministry of Agriculture and Environment.

In the first four months of this year, Vietnam exported 195,600 tonnes of cashew nuts, worth US$1.33 billion, according to the General Department of Customs.

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.

VOV.VN - Vietnam's cashew export sector continues to maintain its dominant position with impressive growth, according to the General Department of Customs.

Vietnam’s agricultural product exports are on track to achieve an unprecedented milestone, with projected revenue reaching US$60-61 billion this year, up US$7-8 billion compared to 2023.

VOV.VN - Cashew nut imports reached more than 2.3 million tonnes with a value exceeding US$2.89 billion over the past 10 months of the year, down 8.5% in volume and 1.1% in value compared to the same period from last year, according to preliminary statistics compiled by the General Department of Customs.

Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.