Vietnam eyes 900 million USD in export value of cashew nut to EU
(VOVWORLD) - Vietnam is aiming at 900 million USD from cashew nut export to the European Union (EU) in 2022.
 Vietnamese cashew nuts (Photo: nongnghiep.vn) |
According to the Import-Export Department under the Ministry of Industry and Trade, the EU is currently the second largest importer of Vietnamese cashew nuts, accounting for 23 percent of the total volume and 22 percent of the total value.
In 2021, Vietnam shipped about 135,000 tons of cashew nuts to the EU, earning 816 million USD, up 16.5 percent in volume and 7.9 percent in value year-on-year.
Vietnamese cashew nuts are available in 23 EU member markets, mainly the Netherlands and Germany.
The two are currently important trading hubs for cashew nuts in the EU, because they not only import for domestic consumption but also re-export to other markets in the bloc.