Vietnam is one of the largest cashew nut producers and exporters in the world. The country’s cashew export industry has seen significant growth due to the increasing global demand for cashews as a healthy snack and the country’s ability to meet the highest quality standards. As of 2023, Vietnam continues to dominate the cashew export market, catering to a wide range of international customers across various industries. In this blog, we will explore the leading cashew nut exporters in Vietnam and the factors contributing to the growth of Vietnam’s cashew export industry.
Leading Cashew Nut Exporters in Vietnam (2023-2024)
Vietnam has a well-established network of cashew exporters, and the top players in the market have established strong global presences. These companies are responsible for a large share of Vietnam’s annual cashew exports, supplying high-quality cashews to markets around the world. According to the latest Vietnam cashew exporters data for 2023-2024, here are the top 10 cashew nut exporters in Vietnam :
1. Visimex Corporation
- Export Revenue: $430 million
- Exported Quantity: 74,000 tons
Visimex Corporation is a leader in organic and sustainable agricultural products. With a focus on high-quality cashews, the company exports a large volume of both raw and processed cashew products. It operates over 900 active export shipments annually, making it one of the largest cashew exporters in Vietnam. Visimex is headquartered in Hanoi, Vietnam.
2. Hoang Son Company
- Export Revenue: $395 million
- Exported Quantity: 68,000 tons
Hoang Son Company is known for its state-of-the-art processing facilities and advanced technology. Specializing in premium cashew products, the company exports a variety of cashew nuts to international markets. Hoang Son managed approximately 850 active shipments in 2023. It is based in Binh Phuoc Province, Vietnam.
3. CPT Corporation
- Export Revenue: $370 million
- Exported Quantity: 65,000 tons
CPT Corporation is a prominent exporter of organic and high-quality cashews. The company has built a strong reputation in the global market, particularly in the European and North American regions. With 820 active shipments in 2023, CPT is one of the key players in Vietnam’s cashew export industry. It is headquartered in Ho Chi Minh City.
4. Phuc An Cashew
- Export Revenue: $345 million
- Exported Quantity: 60,000 tons
Phuc An Cashew is recognized for its high-quality cashew kernels, which are exported to several international markets. The company places a strong emphasis on quality control and sustainability, exporting nearly 60,000 tons of cashews in 2023. Phuc An is headquartered in Ho Chi Minh City.
5. Lafooco
- Export Revenue: $330 million
- Exported Quantity: 58,000 tons
Lafooco specializes in a variety of cashew products, including roasted, salted, and flavored varieties. Known for innovative packaging and high product quality, Lafooco has earned a loyal customer base in international markets. In 2023, the company completed 750 shipments and exported 58,000 tons of cashews. Lafooco is based in Long An Province, Vietnam.
6. Tan Hoa Cashew
- Export Revenue: $300 million
- Exported Quantity: 54,000 tons
Tan Hoa Cashew is focused on providing roasted and seasoned cashew nuts to the global market. The company has a robust distribution network and plays a vital role in the Vietnamese cashew export sector. Tan Hoa processed and exported 54,000 tons of cashews in 2023. It is headquartered in Dong Nai Province.
7. My An Cashew Nut
- Export Revenue: $280 million
- Exported Quantity: 50,000 tons
My An Cashew Nut Export Joint Stock Company is known for its sustainable supply chains and fair trade practices. With a focus on traceable and ethically sourced cashews, the company has earned its place as one of the top exporters in Vietnam. My An exported 50,000 tons of cashews in 2023. The company is headquartered in Ho Chi Minh City.
8. Binh Phuoc Cashew
- Export Revenue: $265 million
- Exported Quantity: 47,000 tons
Binh Phuoc Cashew focuses on improving the quality of its products and expanding its market reach. The company exported 47,000 tons of cashews in 2023 and conducted approximately 670 active shipments. Binh Phuoc Cashew is based in Binh Phuoc Province, Vietnam.
9. Hai Binh Export
- Export Revenue: $245 million
- Exported Quantity: 43,000 tons
Hai Binh Export specializes in both raw and processed cashew nuts. The company focuses on maintaining a high level of product quality and sustainability, making it a reliable supplier for international clients. With 650 active shipments in 2023, Hai Binh exported 43,000 tons of cashews. It is located in Binh Duong Province.
10. Kim Nguyen
- Export Revenue: $220 million
- Exported Quantity: 40,000 tons
Kim Nguyen Company Limited is one of the leading exporters of organic and bulk cashew kernels. The company is focused on providing high-quality products to its international customers and supporting sustainable agriculture. Kim Nguyen processed and exported 40,000 tons of cashews in 2023. The company’s headquarters is in Ho Chi Minh City.
Vietnam’s Cashew Nut Exports by Country
Vietnam’s cashew nuts are in high demand worldwide, with the USA being the largest importer. The country’s cashew export market is diverse, with key import destinations spread across North America, Europe, and Asia. According to Vietnam’s export data for 2023, here are the top 10 countries that import cashew nuts from Vietnam:
1. USA
- Export Value: $885 million
- Export Quantity: 160,000 tons
The USA is the largest importer of Vietnamese cashews, with a significant demand for premium-quality cashew products. The American market’s increasing interest in healthy, plant-based snacks has contributed to the growing volume of cashew imports from Vietnam.
2. China
- Export Value: $683 million
- Export Quantity: 120,000 tons
China is another major importer of Vietnamese cashews. With a large population and growing consumer demand for snack foods, China represents a strong market for cashew nuts.
3. Netherlands
- Export Value: $353 million
- Export Quantity: 62,000 tons
The Netherlands serves as a key entry point for Vietnamese cashews into the European market. Many cashews imported into the Netherlands are distributed across Europe, making it a crucial export destination for Vietnam.
4. Germany
- Export Value: $190 million
- Export Quantity: 33,000 tons
Germany is one of the top European countries importing Vietnamese cashews. As health-conscious eating habits grow in Europe, Germany continues to demand high-quality cashew nuts from Vietnam.
5. United Kingdom
- Export Value: $130 million
- Export Quantity: 23,000 tons
The UK represents a strong market for premium and organic cashew products. Vietnamese cashews are widely distributed in the UK, with a growing consumer interest in healthier snacking options.
6. United Arab Emirates
- Export Value: $115 million
- Export Quantity: 20,000 tons
The UAE is an important market for cashews in the Middle East. With a high demand for nuts and dry fruits in the region, Vietnamese exporters have been able to tap into this lucrative market.
7. Australia
- Export Value: $95 million
- Export Quantity: 17,000 tons
Australia’s increasing demand for healthy snack foods has made it a growing market for Vietnamese cashews. The country imports a significant volume of cashews annually.
8. India
- Export Value: $80 million
- Export Quantity: 14,000 tons
India imports Vietnamese cashews both for domestic consumption and as a raw material for local processing and export.
9. Canada
- Export Value: $65 million
- Export Quantity: 11,000 tons
Canada represents a smaller but growing market for Vietnamese cashews, with health-conscious Canadian consumers demanding more cashew-based snacks.
Conclusion
Vietnam’s cashew nut industry plays a vital role in the global market, thanks to its large-scale production, modern processing techniques, and strong export capabilities. The top exporters, including Visimex Corporation, Hoang Son Company, and CPT Corporation, have contributed to the success of Vietnam as the world’s leading cashew exporter. With a strong presence in key markets like the USA, China, and Europe, Vietnam’s cashew export industry continues to thrive.
The country’s commitment to high-quality production, sustainable practices, and strategic trade agreements has allowed it to maintain its competitive edge. As consumer demand for healthy, organic, and sustainably sourced products grows, the Vietnamese cashew export sector is well-positioned for continued success in the years to come.
Source : Import Export Data with importers Database
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