Vietnam exported 55,000 tons of cashew nuts worth $330 million in May, up 13% and 13.7% month-on-month , 3.2% and 0.8% year-on-year, Vietnam's Trade and Industry Daily reported on June 8, according to statistics from Vietnam's General Administration of Customs.
Although China's cashew nut imports have increased by 42.5% year-on-year since the beginning of this year, Vietnam's cashew nut exports in the first five months only reached 208,000 tons, valued at 1.24 billion US dollars, down 3.2% and 2.9% year-on-year respectively, under the influence of Myanmar's cashew nut exports to China. Its market share in The Chinese market has fallen from 96.52% in 2021 to 82.16% this year.