Core tip: Affected by the U.S.-China trade dispute, since the start of the 2024/25 season, U.S. almond exports have slightly declined year-on-year, while geopolitical unrest has led to a significant shrinkage in shipments to the Middle East. Chinese buyers have turned to Australian sources, and India has replaced China as the largest overseas market for U.S. almonds. As of the end of July 2025, U.S. almond processors have pre-sold 284.8 million pounds of 2025 crop almonds, a significant decrease of 25% from 379.0 million pounds in the same period last year.