China Inverters Exports In June Increased

June 2023 saw an export volume of 4,960,500 inverters, registering a growth of 20.6% year-on-year and an increase of 3.8% from the previous month. On the other hand, inverter imports amounted to 166,400 units, representing a drop of 19% compared to the same period last year, though showing an upturn of 15.6% from the preceding month. The cumulative exports for the first half of 2023 reached 29,589,300 units, a significant surge of 40.41% year-on-year.

Looking at the export destinations, June 2023 saw inverters being exported to as many as 183 countries and regions. Shipments to Europe totaled 1,123,500 units, constituting 22.65% of the overall exports, a slight drop of 0.78% compared to the previous month. African destinations received 1,084,100 units, contributing to 21.85% of the total, but marking a decrease of 8.85% month-on-month. The ten largest export destinations accounted for a combined total of 2,680,300 units, making up 54.03% of the overall exports. The top five countries in terms of export volume were Vietnam, the Netherlands, the United States, Germany, and South Africa.

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