The world market is opening up great prospects, along with the State’s door-to-door policy has created favorable conditions for the development of export agricultural products.
In which, cashew nut is considered as one of the ten key export agricultural products of Vietnam. Currently, in the world market, Vietnam cashew nuts have a very important position, accounting for 1/6 of the world cashew nut market share. Vietnam occupies the 2nd position in the world in terms of cashew nut exports, and the 3rd position in the world in terms of cashew nut production. This creates a lot of advantages for promoting Vietnam’s cashew exports, increasing export turnover, contributing to increasing the State budget.
According to the latest information from the Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development), cashew nut exports in the first quarter of this year reached 108 thousand tons and 634 million USD, up 13.2% in volume but down 5. .8% in value over the same period in 2020. The United States, China and the Netherlands still remain the three largest cashew import markets of Vietnam, accounting for a market share of 25.1%, 16.8%, respectively. and 9.5% of total export value. In the first months of 2021, cashew export value increased the most in the United Arab Emirates market (5.67 times). In contrast, the market with the largest decrease in export value was the UK market with a decrease of 58.9%.