Numerous markets to increase cashew exports

Vietnam's cashew exports to the US have dropped significantly due to a 10% US import tariff, resulting in a 25% decrease in volume and a 4.2% decrease in value in April 2025 compared to April 2024. However, exports to China have surged, increasing by 127% in volume and 130% in value in April 2025 compared to March 2025. Other markets like the Netherlands, UAE, Japan, Philippines, India, and Turkey are also showing strong growth. While the US market presents challenges, Vietnam's cashew industry is diversifying into promising markets like China, the EU, and Australia, mitigating the impact of US tariffs.

Vietnam's cashew industry is navigating a shifting global landscape. A 10% US import tariff has significantly impacted exports to the United States, causing a 25% drop in volume and a 4.2% decrease in value in April 2025 compared to the same month in 2024. This contrasts sharply with the booming Chinese market, where cashew exports saw a remarkable 127% volume increase and a 130% value increase in April 2025 compared to the previous month and a substantial rise compared to April 2024. This surge is attributed to increased demand, particularly among China's younger generation, and higher quality standards demanded by Chinese consumers resulting in higher prices compared to the US market. Other markets, including the Netherlands, the United Arab Emirates, Japan, the Philippines, India, and notably Turkey (experiencing an 80% volume increase and 154% value increase in the first three months of 2025 compared to the same period in 2024), are also showing strong growth. While the US market remains challenging, the diversification into these alternative markets, coupled with the potential for further expansion into the EU, Australia, and the Middle East, positions Vietnam's cashew industry for continued growth despite the US tariff.