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China’s Solar Exports Grow 24% Despite Export Tax Rebate Removal
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China’s Solar Exports Grow 24% Despite Export Tax Rebate Removal

Views: 0     Author: Site Editor     Publish Time: 2026-07-27      Origin: Site

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China’s photovoltaic (PV) exports remained strong in the first half of 2026, showing resilience despite the cancellation of export tax rebates for PV products from April 1.

From January to June 2026, exports of major PV products, including silicon wafers, solar cells, and modules, reached approximately $17.18 billion, up 24.3% year-on-year.

The data shows that global demand for Chinese solar products continues to expand, driven by technological advantages, mature supply chains, and competitive manufacturing capacity.


Solar Modules Remain the Main Export Driver

Modules continued to dominate China’s PV exports.

In March, ahead of the tax rebate adjustment, exports surged due to a “rush-to-export” effect, reaching 65.9 million units and 25.09 billion yuan in export value, the highest monthly level in the first half of the year.

After April, module exports declined as companies adjusted to the new policy environment. However, the decline appears to be a short-term adjustment rather than a weakening of global demand.

Chinese modules remain highly competitive due to strong manufacturing capabilities, advanced technology, and cost advantages.


Inverters Become a Key Growth Segment

Solar inverters were one of the strongest-performing PV products in the first half of 2026.

Exports recovered significantly after April and reached a peak in June, with 5 million units exported and 8.41 billion yuan in value.

The growth reflects rising global demand for complete solar systems, especially in residential energy storage, commercial solar projects, and smart energy solutions.


Upstream Segments Face Price Pressure

Compared with modules and inverters, silicon wafers continued to face challenges.

Although export volumes increased at certain points, prices continued to decline due to supply pressure and intense industry competition. In June, silicon wafer exports reached 569 million pieces, but export value fell to 671 million yuan, showing continued price pressure.


China’s PV Industry Moves Toward Market-Driven Growth

Overall, China’s PV export performance demonstrates that the industry is becoming less dependent on policy support and increasingly driven by global market demand.

Despite the removal of export tax rebates and ongoing price competition, China’s solar industry continues to benefit from:

  • Advanced manufacturing technology

  • Complete supply chains

  • Large-scale production capacity

  • Competitive global pricing

As global renewable energy deployment accelerates, demand for Chinese solar products is expected to remain strong.

China’s photovoltaic industry is entering a new phase — shifting from rapid expansion toward more sustainable, market-oriented growth.


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