China's July solar exports fall 21.4% as loss of tax incentive continues to weigh
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…
China's solar exports declined by 21.4% year-over-year in July, customs data revealed on Tuesday, marking the third consecutive month of reductions as the elimination of an export tax rebate impacted shipments. China, the world's leading solar manufacturer, exported 830,000 metric tons of solar cells and panels in July, a 21.4% decrease from the previous year.
The volume also fell compared to June's 980,000 tons. The peak shipment was 1.75 million tons in March, when exporters accelerated deliveries to capitalize on the remaining export tax rebate period. July's solar exports were worth $2.13 billion, down 4% from a year ago. On a per-unit basis, China exported 40.4% fewer cells and panels overseas than in the same month earlier.
In recent months, exports from Southeast Asia, South Asia, and Africa have been on the rise, while shipments to Europe, China's primary buyer, have declined. The customs administration will publish detailed export figures for July on Thursday.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
