EU imports in green energy products higher than exports
Oct 14, 2024 · The value of imported solar panels decreased by 12% compared with 2022 due to a drop in prices, while the quantity increased by 5%. Liquid biofuel imports recorded a 22%
Oct 14, 2024 · The value of imported solar panels decreased by 12% compared with 2022 due to a drop in prices, while the quantity increased by 5%. Liquid biofuel imports recorded a 22%
For more detailed PV insights and analysis of the European solar market, including emerging trends and future projections, refer to the full Europe Solar Supply Chain Map Edition 1 - 2025.
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By contrast, the EU export value of wind turbines (€2.8 billion) was much higher than the corresponding value for imports. The EU import value of solar panels decreased by 43% between 2023 and 2024 (see Figure 2), due to a drop in prices, even though the quantity imported slightly increased by +2%.
The EU’s opportunities are now aligned with the Clean Industrial Deal proposed by the EU Commission, which should help revitalize the Solar PV manufacturing in Europe, although more support measures will still be needed. Kivanc has been added to this edition of Sinovoltaics’ Solar Supply Chain Map.
In addition to exports to Asia, it is noteworthy that the United States of America stands out as the largest single Extra-European importer of European PV hardware. Table 3. The imported and exported value [€, millions] and the share [%] of PV modules and cells into Europe from third countries.
In 2023, the EU imported €19.7 billion worth of solar panels, €3.9 billion of liquid biofuels and €0.3 billion worth of wind turbines from extra-EU countries. The value of imported solar panels decreased by 12% compared with 2022 due to a drop in prices, while the quantity increased by 5%.