Solar panels exported to the EU

[[File:International trade in products related to green energy 10-10-2024.xlsx]] This article provides a picture of the international trade in green energy products of the European Union (EU)for three...

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6 Frequently Asked Questions about “Solar panels exported to the EU”

Does the EU import more solar panels than exports?

The European Union imports more green energy infrastructure than it exports. Last year, member countries sourced €19.7 billion worth of solar panels from outside the block, 5% up from 2022. EU solar panel exports, on the contrary, totalled only €0.9 billion. The biofuel trade-off is also negative.

How much solar energy does the EU export?

At the same time, the EU exported €0.9 billion worth of solar panels, €2.2 billion in liquid biofuels, and €2.0 billion in wind turbines. Unlike solar panels and liquid biofuels, wind turbines exports significantly exceeded import values.

What was the EU export value of solar panels in 2023?

The EU import values of solar panels and liquid biofuels in 2023 were much higher than the corresponding EU export values which were €0.9 billion for solar panels and €2.2 billion for liquid biofuels. By contrast, the EU export value of wind turbines in 2023 (€2.0 billion) was much higher than the corresponding value for imports.

Which countries export solar panels in the EU?

The largest extra-EU export destination for wind turbines was the United Kingdom (30%), followed by the United States (18%). China (98%) was by far the largest partner for extra-EU imports of solar panels in 2023 (see Figure 5). The largest extra-EU export destinations for solar panels were Switzerland (31%) and the United Kingdom (25%).

Why are China's solar panels exported to Europe?

Notably, around 80 percent of China's solar panels were exported to the European market during this period (Cao and Groba, 2013), driven by the generous feed-in-tariffs provided by EU governments to accelerate the deployment of solar energy (Grau et al, 2012).

Which country exports the most solar panels?

In contrast, solar panel exports increased by 5% from 2022 to 2023. When it comes to solar panels, China still has a quasi-monopoly of exports to the EU, accounting for 98% of it. Beijing also sends the most biofuels to the EU (36%). Other prominent biofuel partners are the UK (13%), Brazil (12%) and Malaysia (11%).

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