<p>The US is the largest customer of Vietnamese cashew nuts. In the first 9 months of this year, exports to this market reached over 150,400 tons, earning 871.3 million USD. The volume of cashews exported to the US increased by nearly 30%, while the value increased by 32.8% compared to the same period in 2023.</p> <p>Accordingly, the US market accounted for 27.7% of the total export value of cashew nuts of our country in the first 9 months of 2024, an increase of 2.4 percentage points over the same period last year.</p> <p>Data from the US International Trade Commission shows that in the first 8 months of 2024, the country spent 554.2 million USD to import about 101,300 tons of cashew nuts from Vietnam. Compared to the same period in 2023, the amount of cashew nuts imported from Vietnam increased by 21.4%, and the value increased by 16%.</p> <p>Notably, this strength of Vietnam is occupying an "unprecedented" position in the US market, accounting for 89.4% of the total cashew nut imports of this country.</p> <p>Cashew industry experts predict that cashew nut exports will increase sharply in the last months of this year due to cyclical factors and an upward trend in export prices. Vietnam's cashew industry is also expected to set a historical record with export turnover reaching 4 billion USD in 2024.<br /> </p>