Exports of Chinese solar cells and panels rose sharply year-over-year as global demand surges amid the energy crisis.
Chinese solar cell and panel exports rose 75-85% in April from a year earlier, customs data showed, despite the end of export tax refunds on April 1. The increase reflects strong demand in Africa, Southeast Asia, and Europe as countries seek alternatives to oil and gas.
March exports had hit records due to the refund policy, but April shipments remained robust. Analysts had expected higher prices after the refunds ended, though the data suggests demand outweighed cost concerns.
The surge highlights China’s dominance in solar manufacturing as global energy markets shift toward renewables.