According to Chinese customs data, from January to February 2026, China's photovoltaic is affected by the cancellation notice of the export tax rebate policy for photovoltaic products issued in early January and the adjustment of overseas shipment plans by major domestic enterprises." From January to February 2026, China " can be seen from the dimension analysis of export amount that the component export market in February 2026 was highly dependent on a single region in the past . A more balanced pattern has evolved towards the continued steady growth of Europe, the rapid growth of West Asia and Southeast Asia, the sudden emergence of the Middle East and North Africa, and the recovery of North America. From January to
February 2026, China Customs data showed that the total export amount of photovoltaic modules in China was 22.481 billion yuan, down 9.26% from the same period in 2025; Exports totaled 72.0777 million, down 3 from the same period last year.
Overall, component exports in January-February showed a pattern of differentiation.
From the overall regional structure of the continents of export destinations, Europe is still the largest export market , accounting for 38.34% of the total export amount ; The market in the Middle East and North Africa has risen, with a total export share of 25.6% . Become the second largest export market after Europe; North America recovered strongly, although the amount was only 555 million yuan, but the growth rate reached 93. West Asia and Southeast Asia became the main growth markets. The export amount increased by 82.2% and 60% respectively compared with the same period last year.
In addition, the South Asian and South American markets have been deeply adjusted in this round of export tide, and the export volume has dropped sharply.
Among the major export countries, the United Arab Emirates, the Philippines, Belgium and Thailand are the top ten countries in China's component exports in February; Although India, Brazil and Pakistan are still in the top ten list, they have fallen sharply year on year; Japan, Australia, Portugal, Saudi Arabia and Chile, the top 10 exporters in January-February 2025, all dropped out of the list in the same period in 2026.
The European market is still the "ballast stone"
of module export. As the traditional largest export area of photovoltaic modules in China, Europe still plays a major role in January-February 2026: the export volume is 8.620 billion yuan, an increase of 6. From January to February, China's total component exports to the European market accounted for 38.34% of the country's total exports, up from 32.4% in the same period in 2025.
Among the European export countries, the Netherlands, Spain, France and Belgium have strengthened across the board and become the most stable pillars. However, although the Netherlands exports accounted for the first place in the world, accounting for more than 28%, the export volume fell by about 10% year on year.
Spain followed closely with about 800 million yuan, an increase of 8. France's exports of 775 million, an increase of 13.
Belgium is on the rise. Exports rose from 358 million yuan in the same period in 2025 to 775 million yuan this year, an increase of 116.
From January to February 2026, China's exports of Italian components jumped from 145 million yuan in the same period in 2025 to 476 million yuan. Year-on-year growth of 227.
From the breakdown of various countries in the region, we can see that the UAE market has sprung up. From January to February, China's total component exports rose from 401 million yuan in the same period of 2025 to 10 this year.
In addition to the United Arab Emirates, China's component exports to Iraq, Saudi Arabia, Turkey and Israel ranked among the top five in the Middle East. Compared with Saudi Arabia's dominance last year, the sales channels of Chinese photovoltaic enterprises in the Middle East market began to open up gradually.
The region has previously been recognized as the most growing incremental market for new energy sources such as photovoltaics, but the war since the end of February and March and the stalled maritime transport may put this goal on hold . The "springboard" role of
the Southeast Asian market reappeared
in January-February, when China's component exports to Southeast Asia increased significantly, amounting to 2.683 billion yuan, an increase of 60.82% over the same period last year.
In addition to benefiting from the fact that Southeast Asian countries have " in recent years , the Southeast Asian market is close to China, with fast logistics and customs clearance. Some enterprises use it as a " springboard " for export, temporarily hoarding and transit. The largest decline in exports
from
South Asia and South America is mainly concentrated in South Asia and South America. The decline was 69.13% and 65% respectively .
The impact of the South Asian market mainly came from the Indian and Pakistani markets. Amount of direct exports of PV modules from China to India in January-February 2026 8.
In recent years, India has imposed high tariffs on Chinese modules for a long time, continuously tightened the management of ALMM list, and restricted the import of Chinese PV module products. At the same time, in recent years, the production of photovoltaic modules in India has been greatly expanded, the production capacity has been released rapidly, and the demand for module imports has gradually decreased.
In addition, due to the change of tariff policy on photovoltaic products in the U.S. market, the component products produced by Chinese photovoltaic enterprises in Southeast Asian component bases are also sent to India instead of the local market, which also reduces the direct export of the local market.
Also affected by this change is Pakistan , to which China directly exported photovoltaic modules in January-February.
The biggest change in the South American market came from the Brazilian market. The Brazilian government has imposed a 25% tariff on the import of photovoltaic modules since June 2025, which has greatly restrained imports and affected the enthusiasm of local photovoltaic installation.
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