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Vietnam shipped a total of 105,000 tonnes of cashew nuts abroad in Q1, earning 630 million USD, down 6.7 percent in volume and 5 percent in value compared to those in the same period of last year, according to the General Department of Vietnam Customs.

Cashew nut exports in 2021 increase 13% in value and 12% in volume compared to 2020, according to the General Department of Vietnam Customs.

Vietnam’s cashew nut exports saw encouraging growth this year despite COVID-19-induced restrictions, shipping container shortage and rising logistics costs, statistics of the General Department of Vietnam Customs show.

Vietnam's cashew nuts have accounted for approximately 90 percent of the US cashew imports in spite of fierce competition from other suppliers.

Vietnam’s cashew exports are likely to increase in the remaining months of the year, prompted by surging demand, cashew firms have said.

Vietnam’s cashew exports are likely to increase in the remaining months of the year, prompted by surging demand, cashew firms have said.

Despite the difficulties posed by the COVID-19 pandemic, Vietnam’s cashew exports in the first half of the year increased by 16 percent in volume year-on-year and 1 percent in value to 232,000 tonnes and nearly 1.53 billion USD, according to the Vietnam Cashew Association (VINACAS).

Cashew nut exports experienced a decline in May but still increased during the first five months of 2020, according to the General Department of Vietnam Customs.

Vietnam’s cashew nut producers will have to lower their 2020 export target of 4 billion USD as the impacts of COVID-19 make it extremely difficult to achieve, according to Pham Van Cong, Chairman of the Vietnam Cashew Association (Vinacas).

Vietnam has recorded a surge in cashew nut exports to China despite a decline in shipments of many agricultural products to this neighbouring market.

Vietnam exported nearly 42,200 tonnes of cashew nuts worth 327 million USD to China in the first eight months of 2019, up 60.8 percent in volume and 35.4 percent in value year-on-year.

Vietnam exported 42,199 tonnes of cashew nuts worth 327 million USD to China in the first eight months of 2019, up 60.8 percent in volume and 35.4 percent in value year-on-year, according to the Ministry of Industry and Trade.

The EU-Vietnam Free Trade Agreement (EVFTA), signed in Hanoi on June 30, is expected to help boost Vietnam’s cashew nut exports.

Vietnam’s cashew nut exports are forecast to surpass the 3 billion USD benchmark for the first time in 2017 thanks to increasing shipments in the first ten months of the year.

Agro, fishery and forestry export turnover in the first eight months of this year rose 13.5 percent from the same period last year to 23.66 billion USD, the MARD reported.