From January to August, Taizhou exported solar cells amounted to US$132 million

According to statistics from Taizhou Customs, from January to August 2010, Taizhou City exported 534,081 solar cells worth US$132 million, an increase of 3.7 times and 8.7 times respectively from the same period of last year. The average export price also doubled year-on-year, from last year’s US$119 per pack. Rose to $248/a. In August, the city’s solar battery exports hit a record high of US$27.37 million.

Data show that from January to August, private enterprises in Taizhou City exported US$128 million worth of solar cells, an increase of 8.9 times year-on-year, accounting for 97% of total exports. From January to August, a total of 17 companies in the city had actual solar cell export performance, distributed in Luqiao, Wenling, Yuhuan, Linhai, Huangyan, and Jiaojiang have 6 counties (cities, districts), but the development level is not uniform. Luqiao, Wenling, and Yuhuan export accounts for 60.7%, 27.8%, and 7% of the total respectively.

"The major solar energy export markets in our city are the EU and Oceania markets, and the EU is the largest export market for solar cells in Taizhou." According to Taizhou Customs staff, exports to the EU from January to August reached US$90.14 million, a year-on-year increase of 15 times, accounting for exports. 68% of the total; exports to Oceania 37.82 million US dollars, an increase of 4.9 times, accounting for 28.5% of total exports.

Although the solar cell industry in Taizhou continued to set off a “frantic tide” in January-August, at present, the impact of the European debt crisis and the devaluation of the euro on the export of solar cells in the latter part of the city can not be ignored. At present, 70% of global Solar Panel demand comes from Eurozone countries. The depreciation of the euro directly leads to a sharp decline in the profits of solar cell manufacturers.