Solar panels are manufactured by inducing silicon or semiconductor materials in metal panel frames. Nowadays, this equipment is becoming one of the topmost commodities due to its popularity in renewable energy resources. The increasing demand for this globally sought-after commodity has made the manufacturing industries induce different types to meet the requirement needs, which include monocrystalline, polycrystalline, and thin film solar panels.

The efficiency of the solar panels is based on the number of silicon crystals present in the panels, the more the amount of crystals are the more is the efficiency and durability of the equipment. The quality and effectiveness of this metallic equipment ranges from 15-20% with the new models. From a minimum global consumption value of 500 GW in solar panels, the trade of this market has reached a value of 1,200 GW by 2023 with a growth rate of 8.5%. The import and export trade rates of the nation report that the total global import has reached the value of 190 billion US dollars in 2023 with an export trade value of 75 billion US dollars in 2023.

Top Importers of Solar Panel 2023

Due to the increasing demand for solar panels as a globally sought commodity for its effective conversion of electrical energy into solar energy, the import trade of this equipment has reached a tremendous hike in the past few years. As per the Global Solar Panel Import Data, the top importers of the nation with its trade values of 2023 are discussed below,

• China – According to the China Customs Data, the total annual import trade value of solar panels in China in 2023 is 35 billion US dollars.

• United States – According to the USA Customs Data, the total annual import trade value of solar panels in the United States in 2023 is 10 billion US dollars.

• Japan – According to the Japan Customs Data, the total annual import trade value of solar panels in Japan in 2023 is 9 billion US dollars.

• South Korea – According to the South Korean Customs Data, the total annual import trade value of solar panels in South Korea in 2023 is 7 billion US dollars.

• France – According to the France Customs Data, the total annual import trade value of solar panels in France in 2023 is 6 billion US dollars.

• United Kingdom – According to the United Kingdom Customs Data, the total annual import trade value of solar panels in the United Kingdom in 2023 is 5 billion US dollars.

• Italy – According to the Italy Customs Data, the total annual import trade value of solar panels in Italy 2023 is 4 billion US dollars.

• Canada – According to the Canada Customs Data, the total annual import trade value of solar panels in Canada 2023 is 3 billion US dollars.

• Netherlands – According to the Netherlands Customs Data, the total annual import trade value of solar panels in Netherlands in 2023 is 2 billion US dollars.

• India – According to the India Customs Data, the total annual import trade value of solar panels in 2023 is 1 billion US dollars.

Top Exporters of Solar Panel 2023

The global demand for renewable energy sources has been increasing throughout the world which is leading to higher amounts of solar panel consumption. The Global Solar Panel Export Trade Data shows the following countries as the top global exporters,

• China – As per the China Export Data, the total annual export trade value of China in 2023 is 20 billion US dollars.

• Germany – As per the Germany Export Data, the total annual export trade value of China in 2023 is 5 billion US dollars.

• Japan – As per the Japan Export Data, the total annual export trade value of China in 2023 is 4 billion US dollars.

• United States – As per the USA Export Data, the total annual export trade value of China in 2023 is 3 billion US dollars.

• South Korea – As per the South Korea Export Data, the total annual export trade value of China in 2023 is 2 billion US dollars.

• Malaysia – As per the Malaysia Export Data, the total annual export trade value of China in 2023 is 1.5 billion US dollars.

• Taiwan – As per the Taiwan Export Data, the total annual export trade value of China in 2023 is 1 billion US dollars.

• Thailand – As per the Thailand Export Data, the total annual export trade value of China in 2023 is 800 million US dollars.

• Canada – As per the Canada Export Data, the total annual export trade value of China in 2023 is 700 million US dollars.

• Singapore – As per the Singapore Export Data, the total annual export trade value of China in 2023 is 600 million US dollars.

Top Leading Producers of Solar Panel

The solar panel manufacturing industry has grown at a tremendous rate in the past few years which has led to higher production of solar panels across the globe. The increasing production rate of the industries is mainly because of the high renewable energy demands. As per the Global Solar Panel Trade Data, the top leading producers of solar panels in 2023 with their annual generated revenues are discussed below,

• Jinko Solar – Total production rate – 25 GW
• Canadian Solar – Total production rate – 13 GW
• JA Solar – Total production rate – 10 GW
• Trina Solar – Total production rate – 9 GW
• Hanwha Q cells – Total production rate – 8 GW
• LONGi Green Energy Technology – Total production rate – 7 GW
• GCL System Integration Technology – Total production rate – 6 GW
• Hanwha Solutions – Total production rate – 5 GW
• First Solar – Total production rate – 4 GW
• Sun Power Corporation – Total production rate – 3 GW

FAQ’s

Que. What is the total global consumption rate of solar panels in 2023?
Ans. The total global consumption rate of solar panels in 2023 is 1,200 GW.

Que. Who will be the leading producer of solar panels in 2023?
Ans. Jinko Solar is the leading producer of solar panels in 2023.

Que. Where can you get a detailed analysis of solar panel global trade in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of solar panels global trade in 2023.

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