China's July solar exports fall 21.4% as loss of tax incentive continues to weigh
- July's solar exports were valued at $2.13 billion, down 4% from a year earlier
China's solar cell and panel exports fell for the third consecutive month in July, down 21.4% year-on-year, primarily due to the cancellation of an export tax rebate.
- China's third consecutive monthly decline in solar exports.
- Impact of the export tax rebate cancellation.
- Shifting regional demand for Chinese solar products.
BEIJING: China’s solar exports slipped 21.4% year-on-year in July, customs data showed on Tuesday, the third straight month of declines as the cancellation of an export tax rebate weighed on shipments.
Here are some details:
China, the world’s largest solar manufacturer, exported 830,000 metric tons of solar cells and panels in July, down 21.4% from a year earlier, the data showed.
Shipments were also down from June’s 980,000 tons.
By comparison, the record high was 1.75 million tons in March, when sellers frontloaded shipments to take advantage of the remaining export tax rebate period.
July’s solar exports were valued at $2.13 billion, down 4% from a year earlier.
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On a per-unit basis, China shipped 40.4% fewer cells and panels abroad than in the same month last year, down to 658.73 million, the data showed.
In recent months, exports from Southeast Asia, South Asia and Africa have continued to rise, even as shipments to China’s number one buyer, Europe, have slipped.
The customs administration will release detailed export data for July on Thursday.
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