US Tariffs, Europe Slowdown Reshape Global
Solar panel exports from Vietnam, Malaysia, Thailand and Cambodia to the U.S. fell by 33% on an annual basis in the nine months
Solar Modules Export: India's solar module exports increase by 20.5% to $668 million in the first four months of the fiscal year, with a significant rise in shipments to the US. Experts attribute this surge to various factors including tax credit deadlines and impending tariffs. Read more about the growth in solar module exports.
In FY25, module exports had dropped to 7.5 mn from 11.3 mn in FY24. India's solar modules export rose 20.5 per cent year-on-year in the first four months of the ongoing fiscal to $668 million and 30 per cent in volume terms to 4.6 million, led by shipments to the US, the key destination for exporters.
The Solar panel export import data sector contributes significantly to the overall GDP percentage of India. We comprehend the fact that the majority of import firms are active in sourcing a wide range of goods, including raw materials, machinery, consumer goods, etc.
In FY25, module exports had dropped to 7.5 million from 11.3 million in FY24. Solar cell exports in April-July, however, fell 73 per cent to $4.2 million and more than halved in volume in comparison to last year to around 6 million, led by major drop in shipments in June and July to the US.
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