Solar panel export policy to China

Why does China Export solar panels & modules?

China maintained its dominant grip on the export of solar panels and modules: The total solar module exports from China in 2023 amounted to around 220 Gigawatts (GW) of generation capacity, up 33.5 per cent from 2022 (when about 164 GW capacity was exported), possibly driven by global markets' efforts to expand clean energy generation.

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.

Will China ban the export of solar panels?

In a mirror image of what the United States has been doing with semiconductor lithography technology, China has recently amended its rules to ban the export of several core solar panel technologies in order to maintain its leading status and global market share in the sector.

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.

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.

Will China reduce export tax rebate for solar products?

China has reduced the export tax rebate for solar products, lowering refunded taxes for Chinese PV exporters and eating into their profit margins. The move might force some companies to increase export prices to mitigate potential financial losses.