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Asia, Africa See Solar Gains Despite China's Export Slump
20 Jul
Summary
- Chinese solar exports to Asia and Africa increased year-over-year in June.
- Overall solar exports from China declined for the second consecutive month.
- A recent removal of an export tax rebate impacted China's solar trade.
China's solar export figures for June revealed a mixed performance, with notable increases to markets in Southeast and South Asia, alongside Africa. This positive regional trend contrasted with an overall decline in the country's total solar exports, marking the second consecutive month of decrease.
The reduction in overall exports follows China's recent decision to remove an export tax rebate. This policy change appears to be influencing the nation's trade dynamics in the solar sector, creating headwinds for global shipments.
Despite the challenges faced in overall export volumes, the demand from key developing regions highlights the continued global need for solar energy solutions. The data suggests a resilient market for Chinese solar products in these growing economies.
