Vietnamese cashew exports show good growth

20-May-2025 12:07 PM

Hanoi. Vietnamese cashew export earnings rose by 28.6 percent to $494.06 million in April 2025 compared to March. In the first four months of the current year, total cashew export earnings increased by 10 percent to $1.33 billion.

Although export volume dropped by 31.8 percent and earnings fell by 13.7 percent during the first quarter of 2025, performance improved significantly in April. During January-February 2025, Vietnam exported about 62,400 tonnes of cashew nuts.

The second quarter began on a positive note, with strong demand observed in key markets such as China, the United States, and the European Union.

At the beginning of the year, importers were cautious with their purchases due to ample global stock and ongoing new harvests in several countries, which created expectations of lower prices.

As a result, many buyers delayed placing new orders. However, the market shifted in April, and encouraging purchases are also reported for May, which could further boost Vietnam's export performance.

The United States continues to be a major destination for Vietnamese cashew exports. In April, 23.7 percent of total cashew exports from Vietnam were shipped to the U.S., compared to 23.5 percent during the earlier months of the year.

Export value to the U.S. also saw a 28.5 percent year-on-year increase. Vietnam maintains its position as the world’s largest supplier of processed cashew nuts.

Despite strong demand from processing units, domestic production of raw cashew nuts in Vietnam remains below average.

To meet demand, the country continues to import large volumes of raw cashew nuts from Cambodia, Indonesia, and various African nations.