Within this scope, the EU imported solar panels worth 11.1 billion euro , liquid biofuels worth 2.9 billion euro, and wind turbines worth 0.5 billion euro.
Decline in solar panel and biofuel imports
The value of solar panel imports fell by 43% compared to 2023 due to price decreases, although the total weight increased by 2%. Imports of liquid biofuels also recorded a 25% drop in value.
Rapid increase in wind turbine imports
Wind turbine imports grew sharply, with a 102% increase in value and a 113% increase in weight. In 2024, the EU imported a total of 32,373 wind turbines, 9,072 more than in 2023.
Wind turbines lead exports
In exports, the EU shipped solar panels worth 0.7 billion euro, liquid biofuels worth 1.8 billion euro, and wind turbines worth 2.8 billion euro in 2024. Wind turbine exports increased both in value (+41%) and weight (+28%), totaling 17,180 turbines, 7,434 more than in 2023.
Solar panel exports fell 22% in value but rose 24% in weight. Liquid biofuel exports declined both in value (-18%) and weight (-7%).
China and India as main suppliers
China remained the largest supplier of solar panels, accounting for 98% of total imports. While the share remained the same as in 2023, the import value decreased from 19.0 billion euro to 10.9 billion euro.
In liquid biofuel imports, China became the leading supplier with a 24% share, compared to 36% in 2023. Other major suppliers included Malaysia (15%), the United Kingdom (13%), and Brazil (12%).
In wind turbine imports, India and China led the market. Compared to 2023, China’s share rose from 31% to 43%, while India’s share declined from 58% to 48%.
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