A cashew nut processing factory in Binh Phuoc province (Photo: VNA) Hanoi (VNA) – Vietnam has recorded a surge incashew nut exports to China despite a decline in shipments of many agriculturalproducts to this neighbouring market.
A number of agricultural products have facedchallenges in export to China this year as it has tightened control on productquality and cross-border trade.
However, cashew nut exports to China have beensoaring, exceeding 58,100 tonnes worth 447.2 million USD in the first 10 months,respectively rising by over 58 percent and 36.3 percent, according to theGeneral Department of Vietnam Customs.
By the end of November, Vietnamese businesseshad shipped more than 418,000 tonnes of cashew nut abroad for almost 3 billionUSD, while this year’s targets are 450,000 tonnes and 3.5 billion USD.
The US was still the biggest importer ofVietnamese cashew nut, followed by China and the Netherlands.
Data of the Ministry of Agriculture and RuralDevelopment show that the agriculture sector enjoyed a trade surplus of 8.8billion USD in the 11 months.
The country earned 37.3 billion USD from theexport of farm produce and forestry and aquatic products in the reviewedperiod, a year-on-year increase of 3.6 percent. Meanwhile, 28.5 billion USD wasspent on agro-forestry-fishery imports, down 0.7 percent.
China remained the largest buyer of agriculturalproducts from Vietnam, accounting for 26.9 percent of the total exports. It wasfollowed by the US, the EU, ASEAN, and Japan./.
VNA
