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Electrical apparatus; photosensitive semiconductor devices, photovoltaic cells assembled in modules or made up into panels

854143 (Harmonized System 2022 for 6-digit)

2023
World Trade $62.2BRnk 46 / 5606
2023
Top Exporter | Top Importer $33.9B | $18.8BChina | United States
2023
Product Complexity -0.46Rnk 3882 / 5606
2022 - 2023
Export Growth (CAGR) 19.7%Rnk 517 / 5606
2023
Share of World Trade 0.28%Rnk 46 / 5606

About

Overview This page contains the latest trade data of Photosensitive devices; assembled photovoltaic modules/panels. In 2023, Photosensitive devices; assembled photovoltaic modules/panels were the world's 46th most traded product, with a total trade of $62.2B. Between 2022 and 2023 the exports of Photosensitive devices; assembled photovoltaic modules/panels grew by 19.7%, from $52B to $62.2B. Trade in Photosensitive devices; assembled photovoltaic modules/panels represent 0.28% of total world trade.

Photosensitive devices; assembled photovoltaic modules/panels are a part of Semiconductor Devices.

Exports In 2023 the top exporters of Photosensitive devices; assembled photovoltaic modules/panels  were China ($33.9B), Vietnam ($6.66B), Thailand ($4.08B), Malaysia ($3.21B), and Cambodia ($2.2B).

Imports In 2023 the top importers of Photosensitive devices; assembled photovoltaic modules/panels were United States ($18.8B), Brazil ($3.9B), Netherlands ($3.25B), India ($3.11B), and Spain ($2.74B).

Ranking Photosensitive devices; assembled photovoltaic modules/panels ranks 3882nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Photosensitive devices; assembled photovoltaic modules/panels. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Year
Top Origin (2023)China$33.9B
Top Destination (2023)United States$18.8B

In 2023 Photosensitive devices; assembled photovoltaic modules/panels were the world's 46th most traded product (out of 5,606).

In 2023, the top exporters of Photosensitive devices; assembled photovoltaic modules/panels were China ($33.9B), Vietnam ($6.66B), Thailand ($4.08B), Malaysia ($3.21B), and Cambodia ($2.2B).

In 2023, the top importers of Photosensitive devices; assembled photovoltaic modules/panels were United States ($18.8B), Brazil ($3.9B), Netherlands ($3.25B), India ($3.11B), and Spain ($2.74B).

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Exporters of Photosensitive devices; assembled photovoltaic modules/panels (2023)
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Importers of Photosensitive devices; assembled photovoltaic modules/panels (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Thailand$2.39B
Top Destination Growth (2022 -  2023)United States$8.32B

Between 2022 and 2023, the exports of Photosensitive devices; assembled photovoltaic modules/panels grew the fastest in Thailand ($2.39B), China ($2.35B), India ($1.57B), Cambodia ($1.53B), and Vietnam ($1.31B).

Between 2022 and 2023, the fastest growing importers of Photosensitive devices; assembled photovoltaic modules/panels were United States ($8.32B), India ($2.13B), Saudi Arabia ($976M), South Africa ($588M), and Belgium ($587M).

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Exporters of Photosensitive devices; assembled photovoltaic modules/panels (2022 - 2023)

Importers of Photosensitive devices; assembled photovoltaic modules/panels (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Photosensitive devices; assembled photovoltaic modules/panels.

In 2023, market concentration measured using Shannon Entropy, was 2.75. This means that most of the exports of Photosensitive devices; assembled photovoltaic modules/panels are explained by 6 countries.

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Value of Exports in Photosensitive devices; assembled photovoltaic modules/panels

Net Trade

Year
TOP NET EXPORTER (2023)China$33.5B
TOP NET IMPORTER (2023)United States$18.7B

This map shows which countries export or import more of Photosensitive devices; assembled photovoltaic modules/panels. Each country is colored based on the difference in exports and imports of Photosensitive devices; assembled photovoltaic modules/panels during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Photosensitive devices; assembled photovoltaic modules/panels were China ($33.5B), Vietnam ($6.49B), Thailand ($3.41B), Malaysia ($2.82B), and Cambodia ($2.01B).

In 2023, the countries that had a largest trade value in imports than in exports of Photosensitive devices; assembled photovoltaic modules/panels were United States ($18.7B), Brazil ($3.9B), Spain ($2.4B), Italy ($2.02B), and Japan ($1.53B).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Photosensitive devices; assembled photovoltaic modules/panels.
It is possible to select the main countries that export or import Photosensitive devices; assembled photovoltaic modules/panels in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Photosensitive devices; assembled photovoltaic modules/panels by percentage of total exports

Product Complexity

Diversification Frontier

Specialization
Year

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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