Solar module companies exporting overseas

Which countries import the most solar modules?

Brazil accounted for 68% of the region's total imports, followed by Chile at 7%, with imports totaling 2.48 GW of modules. The Middle East imported 1.97 GW of modules from China in December 2024, up 16% MoM from 1.7 GW and up 31% YoY from 1.5 GW. China exported 5.9 GW of modules to the Middle East in 4Q24, up 42 % YoY from 4.15 GW.

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.

Are Chinese solar companies going overseas?

Although Chinese solar firms have “gone overseas” for over a decade, the headwinds are stronger this time. They are facing internal and external worries simultaneously, as several company chiefs stressed, referring to domestic oversupply and international restrictions.

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.