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Who buys South Korea’s solar panels and cells? Export destinations 2024

In 2024, South Korea exported $1.8 billion of solar panels and cells (42 thousand tonnes), 2.4% of the world total. Its main destinations were the United States (38%), Vietnam (29%) and China (17%). South Korea was the world’s 8th-largest exporter of solar panels and cells.

Summary

Value
$1.8billion
Tonnes
42thousand tonnes
Share of world total
2.4%
World rank
8th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
United States696Tonnes: 30,233USD per tonne: $23,01337.7%Sea
Vietnam537Tonnes: 273USD per tonne: $1,967,87929.1%Air
China304Tonnes: 773USD per tonne: $393,77316.5%Air
Hong Kong re-exports115Tonnes: 86USD per tonne: $1,335,5696.2%Air
Germany34Tonnes: 42USD per tonne: $812,5121.9%Air
Angola27Tonnes: 5,477USD per tonne: $4,9251.5%Sea
Japan23.1Tonnes: 420USD per tonne: $54,9351.3%Air
India20.5Tonnes: 14USD per tonne: $1,486,0441.1%Air
Poland8Tonnes: 26USD per tonne: $304,4530.43%Air
Singapore re-exports7.3Tonnes: 29USD per tonne: $246,3800.39%Air
Malaysia6Tonnes: 197USD per tonne: $30,2850.32%Sea
Mexico5.3Tonnes: 157USD per tonne: $33,5890.29%Sea
Taiwan5.1Tonnes: 16USD per tonne: $326,4770.27%Air
Thailand5.1Tonnes: 35USD per tonne: $144,7540.27%Air
Indonesia4.6Tonnes: 71USD per tonne: $65,0800.25%Air
Honduras4.4Tonnes: 129USD per tonne: $34,1360.24%Sea
Egypt4.3Tonnes: 0USD per tonne: $16,265,6680.23%Air
United Kingdom3.1Tonnes: 9USD per tonne: $361,9120.17%Air
Brazil2.5Tonnes: 10USD per tonne: $244,5560.14%Air
Canada2.4Tonnes: 88USD per tonne: $26,8730.13%Sea

Trend

Who it sells to

The United States has been its main destination since 2019

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

  • United States 0.7
  • Vietnam 0.54
  • China 0.3
  • Hong Kong 0.12
  • Germany 0.03

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.010.7
Vietnam00.54
China< 0.010.3
Hong Kong0.010.12
Germany< 0.010.03

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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