In Q3 2018, Indian exports of solar cells and modules rose 223% compared to Q2 2018, while its solar imports increased 38%, according to India's YoY. There was a dramatic quarterly growth in exports from $17.4m in Q2 to $56.23m in Q3, with 58% of the solar modules being bought by the US. Meanwhile, India's solar imports increase from $436.63m to $602m over the Q2-Q3 period was a result of prior orders on project timelines, with Chinese companies accounting for 84.5% of the supply, but the Q3 numbers represent a 17% Department of Commerce drop in imports from 2017.
In Q3 2018, Indian exports of solar cells and modules rose 223% compared to Q2 2018, while its solar imports increased 38%, according to India's Department of Commerce. There was a dramatic quarterly growth in exports from $17.4m in Q2 to $56.23m in Q3, with 58% of the solar modules being bought by the US. Meanwhile, India's solar imports increase from $436.63m to $602m over the Q2-Q3 period was a result of prior orders on project timelines, with Chinese companies accounting for 84.5% of the supply, but the Q3 numbers represent a 17% YoY drop in imports from 2017.