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Chinese market reduces cashew imports from Vietnam

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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According to statistics from the General Administration of Vietnam Customs, it is estimated that in May 2022, the export volume of Vietnamese cashewnuts will reach 55,000 tons, with a value of 330 million.

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Compared with April 2022, the export volume will increa.
Compared with May 2021, the export volume and value increased by 2% and 8% respective.
However, in the first five months of 2022, Vietnam’s cashew exports fell by 2% in volume and 9% in value compared to the same period in 2021, to an estimated 208,000 tons and a value of US$24 billi.
One of the biggest difficulties for the cashew industry today is the intense competition from competito.
Vietnam is China's cashew market export.
Overall, in the first four months of 2022, China's imports from Vietnam reached US$457 million, an increase of 23% over the same period in 202 The market share of Vietnamese cashew nuts in China's total imports fell from 952% to 81
Notably, China has significantly increased its cashew imports from Myanm.

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