Solar cell, wafer exports from China rise as panel exports fall
Solar cell and solar wafer exports from China increased significantly during the first half of the year, according to analysis by London-based think tank Ember Energy. Figures from
Solar cell and solar wafer exports from China increased significantly during the first half of the year, according to analysis by London-based think tank Ember Energy. Figures from
China''s solar cell exports have surged to unprecedented levels, driven by a perfect storm of global decarbonization policies, manufacturing efficiency, and shifting trade patterns.
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In 2021, the value of China’s solar PV exports was over USD 30 billion, almost 7% of China’s trade surplus over the last five years. In addition, Chinese investments in Malaysia and Viet Nam also made these countries major exporters of PV products, accounting for around 10% and 5% respectively of their trade surpluses since 2017.
In 2023, solar PV module exports in China surpassed 212 gigawatts. Meanwhile, China's export volume of solar cells stood at 39 gigawatts that same year. The export value of solar photovoltaic equipment reached 52 billion U.S. dollars in 2022. Get notified via email when this statistic is updated. Access limited to Free Statistics.
Chinese cell and module exports grew in 2024, according to customs data. Image: Trina Solar. China exported 7.79 billion solar cells in 2024, a year-on-year increase of 38.2%, according to the latest date from Chinese customs.
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.