Photovoltaic energy storage foreign trade

PV product trade is an important step in the acquisition of high-quality renewable energy products and the promotion of renewable energy technology globally, especially for economies with growing consumption demand or insufficient domestic product supply, and the development of solar power generation is highly important.

Antidumping and countervailing policies from the EU and the USA significantly reduced the export volume and number of new entrants in the Chinese photovoltaic industry. Despite initial setbacks, both export volume and new entrants experienced a “V”-shaped rebound, with new firms rebounding faster and more significantly.

However, the EU and the USA have lost a substantial amount of PV product imports. Faced with insufficient domestic production, they have found themselves in a passive situation where production activities are hindered and the market for clean energy applications is lacking.

Trade blockades generally lead to a severe loss of foreign product supply, damaging the interests of the initiating countries. Second, expand PV exports to emerging and domestic markets. The Chinese PV industry has faced severe pressure from Europe and the United States.

By 2022, PV modules and other products from China had been top ranking globally for 16 years, with both the export value and volume continuously increasing. On this basis, the trade protection actions of Europe and the USA seem to have promoted the development of the Chinese PV industry, which is astonishing.

It is based on Chinese PV trade data (HS 8-digit coding) from 2009–2019 and trade policy data from the World Bank's Temporary Trade Barriers Database. The study reveals that trade restriction policies have significantly negatively impacted Chinese PV exports, with adverse effects exhibiting temporal heterogeneity.