China's PV glass export rose in June

In June 2023, China's PV glass export was 328,700 mt, an increase of 6.38% MoM and 49.41% year-on-year. From January to June 2023, the cumulative export was 1,694,000 mt, marking an increase of 62.73% YoY. The largest amount of export went to Vietnam, which stood at 53,600 mt

In comparison to May, June saw a 5.3% decrease in exports to Vietnam at 53,600 mt or 16.31% of total exports. Exports to India surged by 17.4% to 50,600 mt, 15.39% of total exports. Exports to Thailand increased by 1,200 mt to 47,000 mt, or 14.3% of the total, making Thailand third in terms of volume. Exports to Cambodia dipped by 4.3% to 33,400 mt, or 10.17% of the total. Malaysia received 28,100 mt, 8.56% of overall exports. While Korea and the US saw decreased volumes, the deficit compared to the top five wasn't substantial. Exports to Korea totalled 26,800 mt, or 8.17% of the total, and exports to the US were 21,900 mt, or 6.65% of the total.

The June export surge was due to heightened Southeast Asian demand, specifically India's fresh PV installation requirements and higher roof PV installation capacities. Additionally, demand rose in Korea and the US.

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