The Vietnamese cashew industry saw a record export turnover of 3.64 billion USD in 2021, with expectations for further growth in 2022. The European Union (EU) is the second largest export market, accounting for 23% of the total volume and 22% of the total export value. Germany and the Netherlands are the primary trade hubs. The ministry anticipates a 15% increase in volume and a 10% increase in value in cashew nut exports to the EU in 2022, reaching over 155,000 tons valued at over 155,000 tons for $900 million. Despite the target of 3.8 billion USD for cashew nut export turnover in 2022, a lack of raw materials for processing and exporting necessitates the import of approximately 1.4 million tons of raw cashews annually.