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    Home > Food News > Food Articles > Despite fierce competition, Vietnamese cashews still account for 89.26% of the market share in the US

    Despite fierce competition, Vietnamese cashews still account for 89.26% of the market share in the US

    • Last Update: 2021-10-19
    • Source: Internet
    • Author: User
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    Vietnam's " Customs Online" reported on October 6 that according to statistics from the Import and Export Bureau of the Ministry of Industry and Trade , Vietnam exported 425,000 tons of cashew nuts in the first nine months of this year , with an export value of 2.
    65 billion U.
    S.
    dollars, an increase of 16.
    6% and 14.
    9% year-on-year respectively .
    The average export price of cashew nuts in the first nine months of this year was US$6,237/ton, a year-on-year decrease of 1.
    5% .
     
    The main export market for Vietnam's cashew nuts is the United States .
    Since the beginning of this year, the country has achieved many notable achievements
    .

     
    According to statistics from the US International Trade Commission, in the first seven months of this year, the US imported about 97,62 million tons of cashew nuts, a year-on-year increase of 0.
    5%; imports amounted to US$61568 million, a year-on-year decrease of 6.
    1%
    .
    The same period in 2020
    .
    The US imports of cashew nuts from most of the major suppliers have increased, but Vietnam has the lowest increase
    .
     
      Specifically, in the first seven months of this year, the United States imported 87.
    13 million tons of cashew nuts from Vietnam, a year-on-year increase of only 0.
    7%; imports amounted to US$545.
    8 million, a year-on-year decrease of 6.
    4%
    .
     
      It is worth noting that the Vietnamese cashew industry is facing competition from markets such as Côte d’Ivoire (exports to the United States increased by 166.
    4%) and Nigeria (exports to the United States increased by 111.
    1%).
    The proportion of Vietnamese cashews in the total US imports is still 89.
    08 in the first 7 months of last year.
    % Has risen slightly to 89.
    26% in the first 7 months of the year
    .
    Customs import and export cashew nuts export
     
      The main export market for Vietnam's cashew nuts is the United States .
    Since the beginning of this year, the country has achieved many notable achievements
    .
    America
     
      According to statistics from the US International Trade Commission, in the first seven months of this year, the US imported about 97,62 million tons of cashew nuts, a year-on-year increase of 0.
    5%; imports amounted to US$61568 million, a year-on-year decrease of 6.
    1%
    .
    The same period in 2020
    .
    The US imports of cashew nuts from most of the major suppliers have increased, but Vietnam has the lowest increase
    .
     
      Specifically, in the first seven months of this year, the United States imported 87.
    13 million tons of cashew nuts from Vietnam, a year-on-year increase of only 0.
    7%; imports amounted to US$545.
    8 million, a year-on-year decrease of 6.
    4%
    .
     
      It is worth noting that the Vietnamese cashew industry is facing competition from markets such as Côte d’Ivoire (exports to the United States increased by 166.
    4%) and Nigeria (exports to the United States increased by 111.
    1%).
    The proportion of Vietnamese cashews in the total US imports is still 89.
    08 in the first 7 months of last year.
    % Has risen slightly to 89.
    26% in the first 7 months of the year
    .
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