The US is still the largest customer of Vietnam's cashew industry.

In 2024, the US spent nearly 1.2 billion USD buying Vietnamese cashews, accounting for 98% of the total cashew imports of this market.

Statistics from the General Department of Customs show that in 2024, Vietnam will export nearly 724,000 tons of cashew nuts, earning 4.34 billion USD. Compared to 2023, cashew exports will increase by only 12.4% in volume but increase sharply by 19.2% in value.

Cashew nut exports surpass $4 billion for the first time. Photo: Son Trang

This is also an export record for the Vietnamese cashew industry, while maintaining its No. 1 position in the world for the past 18 years, accounting for over 80% of the total global cashew kernel export output. In 2024, the cashew industry will also regain its trade surplus position, with a trade surplus of 1.12 billion USD.

In terms of export markets, the US remains the largest customer. Notably, in 2024, for the first time in history, the US spent more than 1.15 billion USD to import nearly 192,200 tons of cashew nuts from Vietnam. Accordingly, cashew nut exports to the US market increased by 21.3% in volume and 30.3% in value compared to the previous year.

Currently, this super nutritious nut from Vietnam accounts for about 98% of the total import value of this item in the US market. In the total export turnover of cashew nuts of our country in 2024, the US market accounts for nearly 26.6%.

Cashews are super nutritious nuts that contain a lot of vitamins, minerals, and antioxidants that help maintain good body functions. According to the National Nutrient Database of the US Department of Agriculture, eating just 18 cashews a day will provide 31% of copper, 23% of manganese, 20% of magnesium, 17% of phosphorus, 10% of iron, 8% of selenium, and 5% of vitamins needed by the body. Therefore, cashews are widely used in the food processing industry to make snacks, confectionery, bakery products, etc.

In addition, the development of the food processing industry, driven by urbanization, changing consumer lifestyles and the demand for convenient foods, is forecasted to increase the demand for cashew imports from major markets, including the US, in the near future, creating export space for Vietnamese enterprises.

Source: https://congthuong.vn/my-van-la-khach-hang-lon-nhat-cua-nganh-dieu-viet-nam-369664.html