Cashew nut exports are one of Vietnam’s important industries, contributing significantly to the country’s total export turnover. With favorable tropical and monsoon conditions, Vietnam has become one of the world’s leading cashew nut exporters. To maintain this position, mastering export processes and procedures is essential for businesses in the industry.
In recent years, Vietnam’s cashew industry has not only maintained its leading position in the world in cashew kernel exports for many years but also strengthened its brand reputation in the international market. As a cashew exporting powerhouse, Vietnam also has an important voice in global export pricing. Vietnamese cashew nuts have been on the shelves of more than 90 countries and territories, with export turnover growing steadily every year.
According to the General Statistics Office, in 2023, Vietnam will export 644.12 thousand tons of cashews, earning 3.64 billion USD. Vietnam’s cashew industry has maintained its No. 1 position in the world for nearly two decades. In the first 7 months of 2024, cashew nut exports reached 424 thousand tons, worth 2.37 billion USD, up 26.4% in volume and 22.1% in value over the same period last year. In July 2024, Vietnam’s average cashew nut export price continued to increase to 6,168 USD/ton, up 2.7% compared to June and 10.8% compared to July 2023. As a result, in July, Vietnam exported 70 tons, reaching a turnover of 428 million USD, up 27.7% in volume and 40.4% in value.
The EU is one of Vietnam’s major cashew nut export markets, accounting for a significant proportion of the total export volume and total export value. It is forecasted that in 2024, cashew nut exports to the EU will continue to grow thanks to the EVFTA agreement and global consumer demand for increasingly healthy products.
Cashew nut export policy
Cashew nut export processes and procedures in Vietnam have been updated to comply with new regulations and meet the requirements of the international market. Here are the key points to keep in mind:
According to Decree No. 69/2018/NDCP guiding the Law on Foreign Trade Management, cashew nuts are not on the list of goods banned from export and import. Therefore, cashew nut export procedures are not contrary to the law and need to comply with the provisions of the Commercial Law.
According to Circular No. 11/2021/TTBNNPTNT dated September 20, 2021, imported cashew nuts need to go through phytoquarantine. Businesses need to register for quarantine for each shipment of cashew nuts and comply with the order and procedures for plant quarantine as prescribed.
HS Code and Cashew Nut Export Tax Rate
HS code for cashew nuts
HS (Harmonized System) is an international sequence of numbers used to classify goods around the world. Each country may have a different HS code at the end, but the first 6 digits, which are common to the same goods, are the same globally. The following are the HS codes for cashew nuts:
| 0801 | Pepper, Brazil nuts and cashews, fresh or dried, whether or not peeled or peeled. | |
| 08013100 | – – Unpeeled | |
| 08013200 | – – Peeled | |
| 0813 | Fruits, dried, except for fruits of heading 08.01 to 08.06; a mixture of nuts or dried fruits of this Chapter. | |
| 08135010 | – – Cashews or Brazil nuts make up the majority in terms of weight | |
| 2008 | Fruits, nuts, and other edible parts of the plant, which have been otherwise prepared or preserved, whether or not sugar or other sweeteners or alcohol, have not been elsewhere specified or inscribed. | |
| 20081910 | –––Cashew | Processed |
Cashew nut export tax rate
Export tax: 0% (Cashew nuts are not on the list of items subject to export tax, so businesses do not have to pay taxes when exporting these nuts.)
VAT: 0% (According to current regulations, VAT on exported goods is 0%). Exemption from export tax and VAT for cashew nuts helps increase the competitiveness of the cashew nut industry, and at the same time supports businesses in exporting more efficiently.
Phytosanitary process for cashew nuts
Exporting cashew nuts from Vietnam to international markets, especially the European Union (EU), requires strict compliance with phytosanitary regulations. To ensure that exported cashew nuts meet health and safety standards, businesses need to have a Phytosanitary Certificate. Here is the basic process to apply for a phytosanitary certificate for cashew nuts:
Step 1: Plant Quarantine Registration
Enterprises need to submit a set of plant quarantine registration dossiers at the local plant quarantine agency. The dossier includes the necessary documents such as invoices, purchase lists, and shipment details.
Step 2: Receive and check the dossier
The plant quarantine agency will receive and check the dossier according to regulations. If the dossier is incorrect or lacks information, the business will be required to supplement and complete the dossier.
Step 3: Check the shipment
After the application is accepted, the quarantine agency will conduct an inspection of the cashew nut shipment. This process involves checking the quality and health of cashew nuts, and ensuring that they do not carry pathogens or harmful insects.
Step 4: Issuance of Plant Quarantine Certificate
If the shipment meets all the standards, the phytosanitary authority will issue a phytosanitary certificate. This paper is proof that the cashew nuts have been tested and meet the phytosanitary requirements of the importing country.
Cashew nut export process
The customs dossier includes the following papers and documents:
- Customs declaration
- Sales Contract
- Commercial Invoice
- Packing List
- Cashew nut export license (if necessary)
Other documents required by the importing partner may include:
- Bill of Lading
- Phytosanitary Certificate
- Certificate of Origin (C/O – Certificate of Origin)
- Certificate of Health
- Certificate of Quality/Quantity
- Other relevant documents
Customs declaration:
After checking the set of documents, you need to enter data into the e-customs declaration software to conduct the declaration.
Opening a customs declaration:
Once the customs declaration has been declared, the system will announce the result of channeling. Depending on the green, yellow, or red channel, you will print the declaration and bring the import dossier to the customs sub-department to open the declaration.
Complete the customs clearance and export process:
After the declaration is approved by customs, you need to return the supervised declaration to the shipping line to complete the cashew nut export procedure.
Above is the latest updated cashew nut export procedure that businesses can refer to to export cashew nuts to foreign markets quickly and conveniently. For more information or to receive detailed advice, please contact HDG Logistics.
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