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Where does India get its solar panels and cells? Import sources 2024

In 2024, India imported $4.7 billion of solar panels and cells (1 million tonnes), 6% of the world total. China sold 79% of the total, followed by Vietnam (12%) and Thailand (3%). India was the world’s 2nd-largest importer of solar panels and cells.

Summary

Value
$4.7billion
Tonnes
1million tonnes
Share of world total
6%
World rank
2nd
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China3.7Tonnes: 821,830USD per tonne: $4,50678.7%Land
Vietnam0.56Tonnes: 153,174USD per tonne: $3,63811.8%Sea
Thailand0.15Tonnes: 1,035USD per tonne: $145,8863.2%Air
Malaysia0.1Tonnes: 20,577USD per tonne: $4,8132.1%Sea
Cambodia0.05Tonnes: 6,799USD per tonne: $7,8621.1%Sea
Japan0.03Tonnes: —USD per tonne: —0.69%Sea
Singapore re-exports0.03Tonnes: 6,220USD per tonne: $4,6400.61%Sea
South Korea0.02Tonnes: 14USD per tonne: $1,486,0440.44%Air
Laos0.01Tonnes: 2USD per tonne: $5,352,0110.26%Air
Taiwan0.01Tonnes: 9USD per tonne: $1,151,8240.21%Air
France0.01Tonnes: 1USD per tonne: $13,365,4700.21%Air
Indonesia0.01Tonnes: 80USD per tonne: $118,2930.2%Air
Philippines< 0.01Tonnes: 2USD per tonne: $2,053,6610.09%Air
United States< 0.01Tonnes: 34USD per tonne: $91,2710.07%Air
Hong Kong re-exports< 0.01Tonnes: 1USD per tonne: $4,803,4460.06%Air
Germany< 0.01Tonnes: 49USD per tonne: $30,7540.03%Sea
United Kingdom< 0.01Tonnes: 6USD per tonne: $229,7460.03%Air
Spain< 0.01Tonnes: 88USD per tonne: $6,9200.01%Sea
Mexico< 0.01Tonnes: 0USD per tonne: $4,497,0690.01%Air
Italy< 0.01Tonnes: 2USD per tonne: $204,1380.01%Air

Trend

Who it buys from

China has been its main source since 1996

Value in USD billions. The five largest sources in 2024.

  • China 3.7
  • Vietnam 0.56
  • Thailand 0.15
  • Malaysia 0.1
  • Cambodia 0.05

Source: CEPII BACI

Show the numbers
Partner19952024
China< 0.013.7
Vietnam00.56
Thailand< 0.010.15
Malaysia< 0.010.1
Cambodia00.05

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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