Vietnam earns over 1 bln USD from cashew nuts exports in 7 months

Vietnam earns over 1 bln USD from cashew nuts exports in 7 months

HANOI, Aug. 21 (Xinhua) -- Vietnam earned some 1.02 billion U.S. dollars from exporting cashew nuts in the first seven months of 2014, up 17.5 percent year-on-year, said Vietnam Customs.

Vietnam Industry and Trade Information Center (VITIC) under Vietnam's Ministry of Industry and Trade on Thursday quoted statistics by Vietnam Customs as saying the country exported some 158,000 tons of cashew nuts in seven-month period, up 15.7 percent year-on-year.

The United States, China and the Netherlands remained three largest markets of Vietnamese cashew nuts during the period, accounting for 31.19 percent, 16.3 percent and 11.09 percent of Vietnam's total export revenue of the item, respectively, reported VITIC.

Vietnam now ranks third globally in the list of major cashew exporters, following India and Ivory Coast, said Vietnam Cashew Association on its website on Wednesday.

Earlier, the association forecast that the Vietnamese cashew sector will pocket some 1.8 billion U.S. dollars from exporting 180,000 tons of nuts in 2014.

- Xinhua