India’s Solar Exports Jumped by 223% While Imports Increased by 38% in Q3 2018
Solar export and import activity increased in the third quarter but imports were well below when compared to the same quarter of last year
November 26, 2018
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Indian solar imports spiked considerably in the third quarter (Q3) of calendar year (CY) 2018. According to the latest data from the Department of Commerce, solar modules and cells worth $602 million (~₹42.96 billion) were imported by India in the third quarter of 2018. This figure is approximately 38 percent more than the $436.63 million (~₹31.21 billion) of solar cells and modules imported by India in the previous quarter of 2018. However, import activity was down 17 percent compared to the same quarter in 2017.