China exported 254,600 mt of PV glass in March, down 11.20% YoY and 18.24% MoM. Specifically, Vietnam led with 58,900 mt, down 21.88% MoM, accounting for 23.13% of the total PV glass exports. The United States followed with 36,500 mt, down 11.19% MoM but up 67.43% YoY, accounting for 14.33% of the total. As PV module production lines in the US were fully operational, elevating the demand for auxiliary materials such as PV glass. Due to rising glass inventories and anti-dumping investigations in India, exports to India declined to third place, with 29,300 mt, down 49.57% MoM, accounting for 11.52% of the total, followed by Thailand (25,500 mt, down 18,000 mt MoM, accounting for 10.03% of the total) and Malaysia (12,500 mt, accounting for 4.91% of the total). The exports to TOP5 destinations accounted for 88.29% of the total, and the export concentration was further enhanced.

Other export destinations include Mexico (ranking 6th), Indonesia (ranking 7th), South Korea (ranking 8th), and Taiwan, China (ranking 9th), while exports to Canada rose to tenth place. In addition, PV glass exports to Cambodia were 4,000 mt or 1.58% of the total, dropping to 12th place due to a significant reduction in demand.