The USDA's Tree Nuts report for the 2022/23 season forecasts a significant shift in the global walnut market. Despite an expected 17% drop in domestic production due to reduced acreage in Ukraine, largely due to the Russian invasion, walnut exports are projected to surge by nearly 60% to 95 thousand tons. This increase is attributed to higher demand and the availability of other sources. On a global scale, walnut production is anticipated to rise by 12% to 2.6 million tons, primarily due to a 27% increase in production from China, which is expected to reach 1.4 million tonnes. However, US walnut exports are projected to decrease by 3% to 485,000 tonnes, largely due to reduced shipments to the EU, Turkey, and the UAE.