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. [pdf]
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