<p>According to the Department of import and export (Imex ) - Ministry of Trade, Convention cashew exports in January reached 50 thousand tons 11/2021, worth $ 326 million, compared to December 11/2020 increased by 8.1% in volume and 15% in value. <br /> <br /> <strong>cost In</strong><br /> <br /> general, in the first 11 months of 2021, cashew nut exports are estimated to reach 531 thousand tons, worth 3.34 billion USD, up 14.3% in volume and up 14.6 % in value over the same period in 2020.<br /> <br /> The average export price of cashew nuts in November 2021 reached $6,528/ton, down 1.3% compared to October 2021, but up 6.4% compared to November 2020. Generally, in 11 months, the average export price of cashew nuts is estimated at 6,290 USD/ton, up 0.2% over the same period in 2020. <br /> <br /> According to the Import-Export Department, the fourth quarter is the peak season for cashew nut consumption, markets such as: The United States, Europe, and China increased imports. Domestically, the social distancing is gradually being eased, making production and transportation activities more convenient.<br /> <br /> Mr. Ta Quang Huyen, Vice Chairman of VINACAS, General Director of Hoang Son 1 Company said that according to the export plan of 2021 of the Ministry of Agriculture and Rural Development, the total export turnover of cashew nuts will reach US$3.6 billion, up 12. 9% compared to 2020. This year, it is likely that exports will exceed the USD 3.6 billion mark set by the Ministry of Agriculture and Rural Development or even exceed.<br /> <br /> “Looking at the data, we see that in the past 11 months, cashew kernel exports increased 14.3% in volume and 14.6% in value over the same period in 2020, proving that Vietnam's production capacity is still growing. strong and raw materials still meet production requirements.<br /> <br /> This year, despite the complicated disease epidemic in the southern provinces, cashew exports still grew well, thanks to the fact that the cashew processing industry still performed well despite the impact, but it was not very large. <br /> <br /> Mainly affecting export prices, making it difficult for businesses to find the desired profit because the cost of logictics is too high, "ingrained" in the profits of businesses, "said Mr. Huyen.</p> <p><br /> <strong>The US is still the main export market </strong><br /> <br /> According to Vice President of VINACAS, the cashew kernel market is good all year round and the three main export markets such as the US, EU and China always maintain positive growth, but gradually towards the end of the year, the market demand is good. increased, especially the EU market. Specifically: The<br /> <br /> <strong>United States continues to remain the largest export market of Vietnam's cashew kernels</strong> , with a volume of 149,002 tons, worth $880,632 million, up 11.0% in volume and 3.8 percent over the same period last year. on value. accounted for nearly 30% of total export turnover.<br /> <br /> <strong>Behind is the EU market</strong> with export volume in the first 10 months of the year reaching 111,773 tons, worth USD 671,410. Compared to the same period last year, it increased by 14.6% in volume and 5.1% in turnover, accounting for 24.29% of the country's total cashew export turnover. <br /> <br /> <strong>The third is the Chinese market</strong> with a volume of 68,399 tons, worth USD 503,252 million, up 14.5% in volume and 32.6% in value over the same period. accounted for 14.43% of total export turnover.<br /> <br /> According to the Chinese Customs, the country's cashew imports in the first 10 months of 2021 reached US$149.17 million, up 22.5% over the same period in 2020. In which, China imported cashews from Vietnam. Male reached 132.85 million USD, up 26.8%. Vietnam's cashew nut market share in China's total imports increased from 86.05% in 10 months of 2020 to 89.06% in 10 months of 2021.<br /> <br /> <strong>Taiwan is about to reduce import tax on cashew nut</strong><br /> <br /> According to the Trade Office of the Vietnam Economic and Cultural Office in Taipei, the Taiwan Customs Portal recently posted a notice that it is in the process of amending the Customs Import Tariff.<br /> <br /> Accordingly, in order to synchronize with industry development policies, the import tax rate for "dry, shelled cashews" into Taiwan will be reduced to 10% instead of the tax rate of NT$26.2/kg. or 16% as at present,<br /> Taiwan's announcement also said that this amendment is also to reduce food processing costs, increase consumption of nut products and improve health and safety. happiness of the people.<br /> According to statistics from the Taiwan Foreign Trade Administration, Vietnam has been the largest cashew nut export partner to Taiwan for many years. In addition to Vietnam, Taiwan also imports cashews from other partners such as Indonesia, Thailand, Cambodia ...<br /> <br /> Although Taiwan is not in the top of the main export markets, the move to reduce import tax on cashew nuts will stimulate export activities to this market to increase sharply in 2022 and the following years.<br /> <br /> According to a forecast from the Department of Agricultural Product Processing and Market Development, the prospect of Vietnam's cashew exports in the near future will be better thanks to free trade agreements, such as the EVFTA, which will open up export opportunities. for many key products of Vietnam, including cashew nuts.<br /> <br /> For UKVFTA, tariff preferences with more than 99% of tax lines exported to the UK will be eliminated within 6 years since UKVFTA comes into effect and trade facilitation will create favorable conditions for cashew nut products. from Vietnam to enter this market.</p>