India exported solar panels (solar PV cells assembled in modules or made up into panels) worth $1,135.97 million in April-October this year, compared to $1,031.37 million in the twelve months of FY 2022-23.
The USA remains the top destination for India’s PV panel exports, with the nation accounting for 98% ($1,117.4 million) of India’s panel export basket.
Panel exports to Somalia and South Africa were worth $6.03 million and $4.56 million, respectively.
India’s solar cell exports in the April-Oct. period of FY 2023-24 reached $34.3 million, 2,963% more than $1.12 million in the twelve months of FY 2022-23. Top destinations included USA (which imported solar cells worth $17.7 million from India), Thailand ($8.56 million), and Indonesia ($7.85 million).