China Electrical and Mechanical Chamber of Commerce: China's photovoltaic product export value in the first quarter decreased by 30.5% year-on-year.

According to the Wise Finance and Economics APP, on May 12, the China Machinery and Electronic Products Import and Export Chamber of Commerce released an analysis of China's photovoltaic product foreign trade in the first quarter of 2025. In the first quarter of 2025, China's exports of photovoltaic products amounted to 6.71 billion US dollars, a year-on-year decrease of 30.5%. According to data from the National Energy Administration, the newly installed grid-connected capacity of photovoltaics in the first quarter of 2025 was 59.7GW, an increase of 30.5% compared to the same period last year. The total installed capacity of wind and solar power (1482GW) surpassed that of thermal power (1451GW) for the first time, accelerating the transformation of China's energy structure through policy support and changes in market characteristics.