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.

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 - 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.

VOV.VN - Vietnam was the largest importer of cashew nuts from Cambodia with import volume reaching 786,530 tonnes worth roughly US$1 billion, accounting for nearly 95% of Cambodia's raw cashew output during the seven-month period, according to statistics released by the General Department of Vietnam Customs.

Cambodian cashew nuts account for 55.5% of Vietnam's total import turnover in the first half of this year.

The three-day 13th Vinacas Golden Cashew Rendezvous saw its main event kick off in the central province of Quang Binh on February 27, attracting participants from more than 40 countries and territories worldwide.

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.

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.