Vietnam is the largest importer of cashew nuts from Cambodia.

According to the Vietnam Trade Office in Cambodia, Cambodia's cashew nut output in the first 7 months of the year reached 830,000 tons. According to preliminary statistics from the General Department of Customs, by the end of July this year, Vietnam had imported nearly 786,530 tons of raw cashew nuts from Cambodia, worth nearly 1 billion USD, a sharp increase of 34.1% in volume and 26.3% in value over the same period in 2023.

Vietnam is the largest importer of cashew nuts from Cambodia. Photo: Vietnam Cashew Association

Cambodian cashew nuts accounted for 47.2% of Vietnam's total cashew nut import turnover, up 9.6 percentage points over the same period last year.

With an import volume of nearly 786,530 tons, Vietnam is the largest importer, accounting for nearly 95% of Cambodia's raw cashew nut output in the first 7 months of this year.

In recent years, the Cambodian cashew industry has developed at a "dizzying" speed, becoming the largest supplier to Vietnam. Cambodia is striving to affirm its position as a leading cashew producer and exporter through the National Cashew Policy 2022-2027. The country also aims to boost cashew production, develop processing facilities, diversify export markets and simplify trade facilitation programs.

Vietnam is the world's leading country in cashew production and export. In the first 8 months of this year, our country exported about 478,000 tons of cashew nuts, earning more than 2.77 billion USD, up 22.9% in volume and 21.7% in value over the same period in 2023. Domestic raw materials for production and processing only meet a small part, the rest depends on imported raw cashews, including a large amount from neighboring Cambodia.

In recent years, along with Africa, Cambodia has also advocated developing domestic processing industry, gradually reducing raw exports. The Vietnam Cashew Association has warned that if our country cannot take the initiative in supplying raw materials, its position as number 1 in the world may be shaken.

The leader of the Vietnam Cashew Association said that, in the difficult condition of increasing the area, Vietnamese cashew enterprises can cooperate, exploit and develop the cashew material areas in Cambodia and Southern Laos, including cooperation in research, transfer of varieties and cultivation techniques to the neighboring countries. After that, enterprises will import this raw cashew source to Vietnam for processing.

Source: https://congthuong.vn/viet-nam-la-quoc-gia-nhap-khau-lon-nhat-hat-dieu-cua-campuchia-344985.html