China’s photovoltaic export volume has reached a new historical high

China’s photovoltaic product exports have achieved remarkable results. According to data, from January to July 2023, the export value of China’s photovoltaic products reached 32 billion US dollars, a year-on-year increase of about 6%, reaching a new historical high. Zhang Sen, Secretary General of the Photovoltaic Branch of the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, predicts that China’s photovoltaic product exports are expected to approach $60 billion for the entire year of 2023, an increase of about 20% year-on-year due to factors such as increased demand for photovoltaic installed capacity in Southeast Asia, Europe and America, Latin America, and other regions, insufficient supply of N-type batteries, and a significant increase in the International Energy Agency’s expectations for global photovoltaic installed capacity.

In recent years, China’s photovoltaic industry has been plagued by frequent trade frictions. However, with the advantages of the entire industry chain and industry scale that have been developed for many years, China’s photovoltaic industry still occupies a dominant position in the international market.

At present, China’s photovoltaic manufacturing sector has three advantages: high industrial chain integrity, deep technological accumulation, and solid industrial foundation. Its manufacturing costs are lower than those of Europe and the United States, and it has been favored by the international market, “Zhang Sen said. According to calculations by the European Commission, the total cost of photovoltaic manufacturing in China is 35% lower than that in Europe, 20% and 10% lower than that in the United States and India, respectively. Taking photovoltaic module manufacturing as an example, the cost savings of photovoltaic module products produced in China are more than 50% compared to those produced in the United States and the European Union.

Faced with the increasing demand and broad development prospects of the photovoltaic industry, various photovoltaic enterprises have also accelerated their overseas layout process. MULTIFIT Solar will also increase our research and development investment, produce high-quality and efficient photovoltaic products, and consistently provide high-quality services to meet the needs of numerous customers, contributing to the development of the international photovoltaic market.