<p>Admitting that Made in Vietnam products "cannibalize" domestic products, China is continuously hunting to buy a type of Vietnamese nut, helping to earn more than 1 billion USD since the beginning of the year. This is Vietnam's number 1 export product in the world.</p> <p>According to preliminary statistics from the General Department of Customs, Vietnam's cashew exports in April 2024 reached 57,016 tons, equivalent to 358.6 million USD, up 13.7% in volume and 13.7% in value. quota compared to the previous month. This is also the highest level of export output since the beginning of the year.</p> <p>In the first 4 months of 2024, our country exported 217.5 tons of cashew nuts, earning more than 1.16 billion USD, up 33.6% in volume and 22% in turnover compared to the same period last year. The average cashew export price reached 5,362 USD/ton, down 8.6% over the same period last year.</p> <p> </p> <p>Regarding the market, the US is still Vietnam's largest export market in the first 4 months of 2024, reaching 57,148 thousand tons, worth more than 304.1 million USD, an increase of 33.3% in volume and an increase of 21.5% in volume. % of turnover compared to the same period last year. In April alone, Vietnam exported 18,021 tons of cashew nuts to the United States, equivalent to 96.2 million USD, an increase of 29.2% in volume and an increase of 18.3% in turnover compared to April 2023. The average export price reached 5,321 USD/ton, down 8.8% over the same period.</p> <p>Ranked right behind the US is the Chinese market. Since the beginning of the year, the country has been a very active buyer.</p> <p>Specifically, in April, Vietnam exported to this market 13,716 tons of cashew nuts, worth 70.5 million USD, an increase of 88.5% in volume and 42.7% in turnover compared to April 2023.</p> <p>In the last 4 months, the country of billions of people imported 37,195 tons of cashew nuts from our country, equivalent to 201.4 million USD, a sharp increase of 97.7% in volume and 62.4% in value. Export price reached 5,414 USD/ton, down 17.8% over the same period.</p> <p>Among Vietnam's 10 largest cashew consumption markets, the growth rate of the Chinese market is second only to the Russian market. It far exceeds the growth rate of other markets such as the US, UAE, Germany, UK, Canada...</p> <p> </p> <p>The strong growth of the Chinese market shows that demand for cashew nuts is increasing again after the country lifted the Zero Covid policy. Besides, in the first quarter of 2024, there have been promotion programs for cashew kernel consumption in China. Therefore, consumption of cashew nuts in this market is quite good.</p> <p>More than 90% of China's cashew nuts are imported from Vietnam. The Chinese market favors Vietnamese cashew nuts thanks to stable year-round supply and good product quality. In addition, the Asian region is not affected by tensions in the Red Sea, which is a good condition for our country's cashew exports.</p> <p>Cashew nuts are also grown in Hainan, Yunnan, Guangxi and other places in China, but due to the influence of weather and environment, the taste is always inferior to cashew nuts in Vietnam.</p> <p>Ifeng.com said, the soil in Vietnam is deep, loose and contains many minerals, so compared to cashews in other regions, Vietnamese cashews have larger seeds, softer kernels and a lower rate of bad seeds. .</p> <p>According to statistics, Vietnamese cashew nuts are present in 90 countries and territories around the world. Export turnover increased steadily over the years. In 2006, with a turnover of 520 million USD, Vietnam was officially the number 1 cashew exporting country in the world.</p> <p> </p> <p> </p>