India photovoltaic products imported from China fell by 47%1

According to the Indian Mercom release news, in the first quarter of 2019 ( Q1） Photovoltaic product imports in India has fallen dramatically.

Q1 2019, India photovoltaic cells and component imports of about 6. $500 million, compared with the same period in 2018 to $1. 1 billion, down 40%.

Q1 2019, India's exports photovoltaic cells and components of about $33 million, to $19 million over the same period of last year, rose 74% year-on-year.

image: India Mercom

India imports from China about 5. $2. 3 billion photovoltaic cells and component products, but compared to Q1 2018, 9. $9. 1 billion, down 47% year-on-year. Photovoltaic products imported from China share from Q1 91 last year. 5% to 80. 5%. Main reason is the government of India to photovoltaic products imported from China and Malaysia in 25% of the security duties.

Singapore with $40 million, 6. 7% of the market to become the second largest import to India Q1 photovoltaic products. Ranked third for Vietnam, accounted for 0 from last year. 5% increased to 6. 1%.

Q1 2019, India's total exports of $21 million for pv cells and components to Vietnam.

15 in India. 4% of the photovoltaic cells and components export to the United States, rose 90% year-on-year.

image: India Mercom

India's main exporter (include the united Arab emirates (uae) 3. 7%) , South Africa ( 3. 4%) , Belgium ( 2. 5%) And Nigeria ( 1. 9%) 。