Within the past eight months, Vietnam has experienced a notable surge in cashew nut exports, with the United States emerging as the largest market, importing nearly 28% of the total shipment volume and value. The export volume and value to the US have seen substantial increases of 29.3% and 28.9% respectively compared to the same period in 2023, amounting to 134,109 tons and $762.72 million. Other significant markets include China, the Netherlands, and Germany, showing similar trends of growth. The Vietnam Cashew Association anticipates a continued growth in exports due to increased global demand and a recovery in US consumer demand. Despite the positive export trends, the industry faces challenges such as a decreasing domestic planting area, reliance on imported raw materials, and rising prices due to drought and export restrictions in Africa. To mitigate the risk of trade deficit, the association advocates for the production of deep-processed and high-quality cashew products, aiming to command higher prices and satisfy more demanding customers.