By contrast, the EU export value of wind turbines (€2.8 billion) was much higher than the corresponding value for imports. The EU import value of solar panels decreased by 43% between 2023 and 2024 (see Figure 2), due to a drop in prices, even though the quantity imported slightly increased by +2%.
The EU import values of solar panels and liquid biofuels in 2024 were much higher than the corresponding EU export values which were €0.7 billion for solar panels and €1.8 billion for liquid biofuels. By contrast, the EU export value of wind turbines (€2.8 billion) was much higher than the corresponding value for imports.
The value of imported solar panels decreased by 12% compared with 2022 due to a drop in prices, while the quantity increased by 5%. Liquid biofuel imports recorded a 22% drop in value, with a modest 2% decline in quantity.
In 2024, China was the largest origin of extra-EU imports of solar panels and liquid biofuels and second largest for wind turbines. In 2024, the United Kingdom was the largest destination for extra-EU exports of wind turbines and second largest for solar panels and liquid biofuels.
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