HS Icon Cashew nuts, fresh or dried

080130 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.63B, Rnk 421 / 4726

Top Exporter (2018): $2.93B, Vietnam

Top Importer (2018): $1.47B, India

Product Complexity (2018): -2.79, Rnk 4862 / 4873

Export Growth (CAGR)(2017 - 2018): 11.5%, Rnk 2439 / 4726

Mean Tariff (2018): 0%, Rnk 6498 / 6538

Share of World Trade (2018): 0.042%, Rnk 421 / 4726

Overview: In 2018, Cashew nuts, fresh or dried were the world's 421st most traded product, with a total trade of $7.63B. Between 2017 and 2018 the exports of Cashew nuts, fresh or dried grew by 11.5%, from  $6.84B to $7.63B. Trade in Cashew nuts, fresh or dried represent 0.042% of total world trade.

Exports: In 2018 the top exporters of Cashew nuts, fresh or dried  were Vietnam ($2.93B), Cote d'Ivoire ($1.15B), India ($783M), Ghana ($418M), and Nigeria ($262M).

Imports: In 2018 the top importers of Cashew nuts, fresh or dried were India ($1.47B), United States ($1.42B), Vietnam ($1.24B), Germany ($540M), and Netherlands ($382M).

Tariffs: In 2018 the average tariff for Cashew nuts, fresh or dried was 0%, been the 6498 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Cashew nuts, fresh or dried are Sweden (0%), Austria (0%), and Finland (0%).

Ranking: Cashew nuts, fresh or dried ranks 4862nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Vietnam, $2.93B

Top Destination (2018): India, $1.47B

Cashew nuts, fresh or dried are the world's 421st most traded product.

In 2018, the top exporters of Cashew nuts, fresh or dried were Vietnam ($2.93B), Cote d'Ivoire ($1.15B), India ($783M), Ghana ($418M), and Nigeria ($262M).

In 2018, the top importers of Cashew nuts, fresh or dried were India ($1.47B), United States ($1.42B), Vietnam ($1.24B), Germany ($540M), and Netherlands ($382M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Cote d'Ivoire, $783M

Top Destination Growth (2017 - 2018): Vietnam, $552M

Between 2017 and 2018, the exports of Cashew nuts, fresh or dried grew the fastest in Cote d'Ivoire ($783M), Vietnam ($242M), Burkina Faso ($165M), United Arab Emirates ($158M), and Nigeria ($119M).

Between 2017 and 2018, the fastest growing importers of Cashew nuts, fresh or dried were Vietnam ($552M), Canada ($114M), Thailand ($79.2M), Iran ($54.9M), and Ghana ($50.9M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Cashew nuts, fresh or dried.

In 2018,  market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Cashew nuts, fresh or dried are explained by 10 countries.

TOP NET EXPORTER (2018): Vietnam, $1.69B

TOP NET IMPORTER (2018): United States, $1.4B

This map shows which countries export or import more of Cashew nuts, fresh or dried. Each country is colored based on the difference in exports and imports of Cashew nuts, fresh or dried during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Cashew nuts, fresh or dried were Vietnam ($1.69B), Cote d'Ivoire ($1.15B), Ghana ($366M), Nigeria ($262M), and Burkina Faso ($219M).

In 2018, the countries that had a largest trade value in imports than exports of Cashew nuts, fresh or dried were United States ($1.4B), India ($686M), Germany ($369M), United Kingdom ($185M), and France ($142M).

Trade Forecasts

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This section shows forecasts for total trade for Cashew nuts, fresh or dried. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Cashew nuts, fresh or dried was 0%.  The countries with the highest tariffs for importing Cashew nuts, fresh or dried were Sweden (0%), Austria (0%), and Finland (0%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.