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

In 2024, Vietnam exported $7.4 billion of solar panels and cells (2.5 million tonnes), 9.5% of the world total. The United States bought 76% of the total, followed by India (8%) and China (6%). Vietnam was the world’s 2nd-largest exporter of solar panels and cells.

Summary

Value
$7.4billion
Tonnes
2.5million tonnes
Share of world total
9.5%
World rank
2nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States5.7Tonnes: 1,906,091USD per tonne: $2,96576.4%Sea
India0.56Tonnes: 153,174USD per tonne: $3,6387.5%Sea
China0.45Tonnes: 18,641USD per tonne: $24,1336.1%Land
Mexico0.18Tonnes: 339,020USD per tonne: $5442.5%Sea
South Korea0.14Tonnes: 208USD per tonne: $680,2021.9%Air
Taiwan0.12Tonnes: 29,928USD per tonne: $3,9951.6%Sea
Canada0.1Tonnes: 32,443USD per tonne: $3,0401.3%Sea
Japan0.05Tonnes: 139USD per tonne: $354,3280.66%Air
Germany0.03Tonnes: 1,041USD per tonne: $26,6440.37%Sea
Turkey0.03Tonnes: 5,204USD per tonne: $5,0380.35%Sea
Hong Kong re-exports0.02Tonnes: —USD per tonne: —0.25%Sea
Spain0.02Tonnes: 6,132USD per tonne: $2,6430.22%Sea
Singapore re-exports0.02Tonnes: 98USD per tonne: $157,4970.21%Air
France0.01Tonnes: 1,946USD per tonne: $3,7920.1%Sea
Indonesia0.01Tonnes: 355USD per tonne: $15,8990.08%Sea
Thailand0.01Tonnes: 236USD per tonne: $21,5890.07%Sea
Egypt< 0.01Tonnes: 60USD per tonne: $74,0340.06%Air
Cambodia< 0.01Tonnes: 232USD per tonne: $15,7700.05%Land
Malaysia< 0.01Tonnes: 248USD per tonne: $9,4050.03%Sea
Netherlands re-exports< 0.01Tonnes: 152USD per tonne: $9,1200.02%Sea

Trend

Who it sells to

The United States has been its main destination since 2015

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

  • United States 5.7
  • India 0.56
  • China 0.45
  • Mexico 0.18
  • South Korea 0.14

Source: CEPII BACI

Show the numbers
Partner19952024
United States05.7
India00.56
China00.45
Mexico00.18
South Korea00.14

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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