Vietnam exported cashew nut to the tune of US$475 million in November, down from US$504 million in October, a change of -5.89 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$4,753 million worth of cashew nut by the end of November.
China accounted for US$114 million worth of Vietnam’s cashew nut exports in November. This was up from US$113 million in cashew nut exports in October, a change of 1.32 percent. Year to date, Vietnam has shipped US$1,024 million worth of cashew nut to China.
After China was the USA making up US$79 million worth of Vietnam’s cashew nut exports in November. This was down from US$87 million in cashew nut exports in October, a change of -8.87 percent. Year to date, Vietnam has shipped US$887 million worth of cashew nut to the USA.
Next was the Netherlands taking US$40 million worth of Vietnam’s cashew nut exports in November. This was down from US$49 million in cashew nut exports in October, a change of -18.51 percent. Year to date, Vietnam has shipped US$450 million worth of cashew nut to Netherlands.
Following Netherlands was Germany representing US$19 million worth of Vietnam’s cashew nut exports in November. This was down from US$21 million in cashew nut exports in October, a change of -8.90 percent. Year to date, Vietnam has shipped US$194 million worth of cashew nut to Germany.
Rounding out the top five was the UAE constituting US$18 million worth of Vietnam’s cashew nut exports in November. This was down from US$22 million in cashew nut exports in October, a change of -17.17 percent. Year to date, Vietnam has shipped US$173 million worth of cashew nut to the UAE.
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Vietnam exports of cashew nut in November, US$m
| November | October | MoM | YTD | |
| Total | 474.53 | 504.22 | -5.89% | 4,752.95 |
| Other | 148.14 | 159.43 | -7.08% | 1,526.18 |
| China | 114.26 | 112.76 | 1.32% | 1,024.27 |
| USA | 79.19 | 86.89 | -8.87% | 887.34 |
| Netherlands | 39.78 | 48.82 | -18.51% | 449.68 |
| Germany | 19.41 | 21.31 | -8.90% | 194.19 |
| UAE | 18.02 | 21.76 | -17.17% | 173.10 |
| Saudi Arabia | 14.80 | 10.78 | 37.24% | 114.13 |
| UK | 11.97 | 12.46 | -3.87% | 130.87 |
| Canada | 10.64 | 15.11 | -29.55% | 106.69 |
| Iraq | 9.43 | 10.83 | -12.95% | 77.61 |
| Russia | 8.90 | 4.08 | 118.13% | 68.89 |
| Australia | 8.31 | 12.81 | -35.11% | 98.68 |
| Israel | 8.30 | 3.89 | 113.22% | 52.53 |
| Thailand | 7.20 | 8.08 | -10.89% | 67.38 |
| France | 7.13 | 6.31 | 12.93% | 67.19 |
| Japan | 6.78 | 6.53 | 3.86% | 78.67 |
| Lithuania | 6.07 | 5.68 | 6.84% | 80.55 |
| Spain | 4.59 | 4.10 | 11.94% | 63.75 |
| Pakistan | 3.89 | 5.28 | -26.37% | 28.40 |
| Italy | 3.67 | 4.98 | -26.35% | 41.87 |
| New Zealand | 2.60 | 1.27 | 104.52% | 21.23 |
| Taiwan | 2.54 | 2.62 | -2.98% | 29.05 |
| Egypt | 2.37 | 2.59 | -8.51% | 15.86 |
| Belgium | 2.15 | 2.50 | -13.89% | 28.61 |
| Hong Kong | 2.13 | 1.60 | 33.11% | 13.96 |
| Greece | 2.04 | 3.36 | -39.41% | 28.58 |
| Philippines | 1.99 | 1.69 | 17.76% | 18.45 |
| India | 1.54 | 1.00 | 53.79% | 17.16 |
| Norway | 1.12 | 0.87 | 29.21% | 10.38 |
| Singapore | 0.98 | 0.61 | 60.00% | 10.87 |
| Ukraine | 0.91 | 0.60 | 51.49% | 3.25 |
| Kuwait | 0.55 | 0.38 | 44.13% | 4.73 |
| Kazakhstan | 0.48 | 1.03 | -53.56% | 6.41 |
| South Africa | 0.39 | 0.46 | -15.44% | 5.21 |
| Belarus | 0.00 | 0.15 | -100.00% | 0.15 |
Listed cashew nut companies
Long An Food Processing Export JSC
Long An Food Processing Export JSC (LAF) processes and exports cashew nuts, coffee, and agricultural products.
LAF closed at VND 19,300 on Friday down 0 percent with 0 shares traded, worth VND 0 million.
Foreign ownership in LAF is currently capped at 50.0 percent, with current foreign ownership sitting at 2.4 percent.
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Vietnam’s cashew nut industry
Vietnam is one of the world’s leading cashew nut processors and exporters, supplying kernels to markets across Asia, Europe and North America.
The industry relies on a combination of domestic raw cashew production and large volumes of imported nuts for processing and re export.
Cashew processing supports hundreds of thousands of rural jobs and is concentrated in the southern provinces and the Central Highlands.
The sector faces challenges from price volatility, raw material supply constraints and rising quality and sustainability requirements in export markets.