May 10, 2020, the US increased imports of cashew nuts from Vietnam, but reduced imports from some other major markets such as Brazil, Indonesia, India, Thailand, Ivory Coast.
According to statistics from the US International Trade Commission, the country's cashew imports in the first 10 months of 2020 reached 139.73 thousand tons, worth $ 918 million, up 7.3% in volume, but down 8 , 4% in value over the same period in 2019.
The average import price of cashew nuts of the US in the first 10 months of 2020 reached $ 6,570 / ton, down 14.7% over the same period in 2019.
In which, the average import price of US cashew fell across all sources. The lowest decrease was 3.0% from Thailand, down to 10,488 USD / ton; the highest decrease was 27.4% from Ivory Coast, to 6,108 USD / ton.
May 10, 2020, the US increased imports of cashew nuts from Vietnam, but reduced imports from some other major markets such as Brazil, Indonesia, India, Thailand, Ivory Coast.
Specifically, the US imports of cashew nuts from Vietnam in the first 10 months of 2020 reached 125.2 thousand tons, worth $ 818.17 million, up 12.3% in volume, but down 3.7% in value. to the same period in 2019.
Vietnam's market share of cashew nuts in total US imports increased from 87.3% in the first 10 months of 2019, to 90.9% in the first 10 months of 2020.
In contrast, the US reduced its imports of cashew nuts from Brazil, with a decrease of 17.8% in volume and 30.7% in value over the same period in 2019, reaching 4.1 thousand tons, worth 27.79 million. USD in 10 months of 2020.
Brazil's share of cashew nuts in total US imports decreased from 3.9% in the first 10 months of 2019, to 3.0% in the first 10 months of 2020.
Source: Vietnam Biz