South Korean Media: China's Clean Energy Exports Hit a Record High of $21.9 Billion in March!
On May 31, South Korean media outlet Global Economy published an article stating that with the blockade of the Strait of Hormuz cutting off oil and gas supplies from the Middle East, countries around the world are rushing to order batteries and solar equipment from China.
As a result, China’s total exports of solar power systems, batteries, and electric vehicles reached $21.9 billion in March this year—setting a new record high.
The export value increased by 70% year-on-year and by 38% month-on-month.
By product category, battery systems showed the most significant growth trend. Battery exports surpassed $10 billion in March, reaching a record high, marking the first time the monthly export value broke through the $10 billion threshold.
Compared to the average monthly export value of $7 billion since 2025, this represents an increase of over 40%, and a month-on-month rise of 44% as well.
By region, Europe accounted for $4.3 billion, making up 43% of the total, followed closely by Asia at 29%.
By country, Germany led with $1.26 billion, followed by the United States ($823 million), the Netherlands ($635 million), Vietnam ($597 million), and Australia ($595 million).
In March, China’s solar power system exports more than doubled, rising from $2.1 billion in February to $4.8 billion. This marks the highest level since May 2023 and is double the average monthly export volume since 2025.
Data from energy research firm Ember shows that China’s solar exports in March reached 6.8 GW, a 49% increase compared to the previous record set in August 2025. At the same time, imports of Chinese solar products by 50 countries also hit historic highs.
By region, Asia accounted for 43% of total exports, amounting to $2 billion, followed by Europe at 27%. The top importing countries for solar products were the Netherlands, Indonesia, the Philippines, India, and Pakistan.
Electric vehicle exports in the first quarter of this year totaled a record $21 billion, representing a 75% increase compared to $12 billion in the same period last year.
Europe accounted for 45%, Asia for 25%. Major importers included Belgium, Brazil, the UK, Germany, and Australia.
Dr. Kim Jung-won, Senior Research Fellow at the Energy Research Institute of the National University of Singapore, said: “China has long been seen as a low-cost supplier, but it is now increasingly viewed as a long-term partner in the global energy transition.”
Lauri Myllyvirta, co-founder of the Center for Energy and Clean Air, stated: “As solar power costs continue to fall, battery prices decline, and fossil fuel prices rise with increasing volatility, solar energy has become an inevitable choice for numerous electricity consumers worldwide.”
Original article: toutiao.com/article/1866665836706955/
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