Cambodia PV inverter export data

Are solar panels imported or re-exported in Cambodia?

During the same period, the country’s solar panel imports rose rapidly and doubled to USD272 million but the volume was significantly lower than solar panel exports (Figure 1). This trade pattern suggests that a substantial portion of Cambodia’s solar panel exports may have been assembled domestically rather than imported and re-exported.

Why did Cambodia's solar panel exports decline in 2024?

As a result, Cambodia’s exports experienced a significant drop in the early months of 2024, with similar declines seen in Malaysia, Thailand, and Vietnam. Domestically, Cambodia’s solar panel industry is confronted by challenges from unstable electricity supply and high transportation costs.

How can Cambodia benefit from the solar panel industry?

In recent years, Cambodia has been able to benefit from the emerging solar panel industry by establishing factories, training workers, and developing trade partners. By continuing to improve both hard and soft infrastructure and to strategically explore more trade opportunities, Cambodia’s solar panel exports have more room to grow.

Is Cambodia a good destination for solar manufacturing?

China+1 Strategy: Cambodia remains an attractive destination for solar manufacturing, benefiting from low labor costs and foreign investor-friendly policies under the 'China+1' and 'Thailand+1' strategies.