Solar power panel export factory

What are China's solar PV exports?

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.

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.

How many solar panels does China Export in 2023?

Solar modules, which are fully assembled solar panels, accounted for 90% ($23.8 bn) of China’s total solar exports by value in the first half of 2023. 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.

Which country exports the most solar panels?

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. Solar cells, which are unassembled parts that make up solar panels, made up the remaining 10% of China’s solar exports by value ($2.5 bn).

How will China's Solar Exports affect Clean Power?

China currently produces around eight out of every ten solar panels, and the growth in Chinese exports has global implications for the scale-up of clean power. The data reveals that Europe accounted for 52.5% of the value of China’s solar exports in the first half of 2023.

How has global solar PV manufacturing capacity changed over the last decade?

Global solar PV manufacturing capacity has increasingly moved from Europe, Japan and the United States to China over the last decade. China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV value chain since 2011.