Chart of the Day: Chinese Green Exports Grow Despite Western Protectionism

Exports by Chinese manufacturers of “new three” green transition products continued to grow in March, despite mounting global trade tensions.

Overseas shipments of solar cells, electric vehicles (EVs) and lithium-ion batteries all increased last month, according to data from China’s General Administration of Customs.

Among them, solar cell exports saw the highest growth rate of 84.6% year-on-year, followed by passenger-carrying EVs at 32.1% and lithium-ion batteries at 25.1%.

China Ships More Green Goods

However, the export value of these products varied. Lithium-ion battery exports surged 29.1% year-on-year to $5.8 billion in March, maintaining the growth momentum of the previous month, while passenger-carrying EV exports rose 3% to $4.2 billion in value, rebounding from a 4.3% drop in February. In contrast, the value of solar cell exports plunged 23.5% to $2.5 billion in March, following a 40.3% decline the month before.