About About the export of photovoltaic modules
Photovoltaic module exports have seen significant growth, particularly from China. In 2024, China exported 235.93 GW of modules, marking a 13% increase year-on-year, with major markets including Brazil, the Netherlands, India, Saudi Arabia, and Spain1. Notably, over 58% of solar modules exported from China in the first half of 2023 were destined for Europe, reflecting a 47% year-on-year growth in exports to that region2. However, there was a 23% decrease in exports to Europe in the third quarter of 2024 compared to the previous quarter, although this still represented a 3% increase from the same period last year3. Overall, overseas exports are a major revenue source for leading manufacturers like Jinko Solar and LONGi Green Energy4.
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6 FAQs about [About the export of photovoltaic modules]
Will China continue to export photovoltaic products in 2023?
The value of photovoltaic products exported by China hit a record in the first 10 months of 2023, with industry experts saying the momentum will persist through the year, buoyed by higher demand amid a green energy transition worldwide.
How many solar modules does China Export in 2022?
This is equivalent to about 84 GW of modules, more than half of China's total module exports in 2022. According to Tan Youru, an analyst at BloombergNEF, China exported 212 GW of solar cells and modules in the first 10 months of 2023, some 19 percent more than exports in the whole of 2022.
What is China's photovoltaic export value?
The export value, which includes photovoltaic products such as silicon wafers, cells and modules, reached about $43 billion during the first 10 months, the China Photovoltaic Industry Association said on Friday.
Did China Export more solar cells in the first 10 months?
According to Tan Youru, an analyst at BloombergNEF, China exported 212 GW of solar cells and modules in the first 10 months of 2023, some 19 percent more than exports in the whole of 2022. While the value of solar product exports from China was flat in the third quarter, volumes rose month-on-month, thanks to lower module prices, he said.
How many solar modules does China Export to Europe?
Over the last 12 months, China exported 111 GW of solar modules to Europe, the same amount as the total installed PV capacity of the United States. With a total over the last 12 months of 19 GW, Brazil is the largest single destination for China’s solar module exports outside of Europe.
Does China Export solar panels?
China has at least 80% of the global market share in solar manufacturing capacity, making Chinese exports an important dataset for tracking the clean energy transition. In the first half of 2023, exports of solar panels from China grew by 34%, with 114 GW shipped worldwide, compared to 85 GW in the same period last year.
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