Cashews: Vietnam dependent on RCN imports
HANOI. After Vietnam's import of raw cashew nuts increased massively in the last ten years, imports have declined due to the Ukraine war. A similar picture is emerging for exports.
Only 30% of RCN from their own country
Although Vietnam is the largest exporter of processed cashews, only 30% of the RCN are harvested domestically. Vietnam imported a total of 1.4 million mt of raw cashew nuts in the first nine months of 2022. Major sourcing countries include Côte d'Ivoire, Ghana, Nigeria, as well as Cambodia and Indonesia. However, the difficult geopolitical situation has caused Vietnamese imports to fall by almost 36% year-on-year. 2021 was a record year with 2.9 million mt of imported raw nuts - for comparison, compared to 2011, the first year in which official customs import data were published, they increased 74-fold in 2021.