Cambodia Solar Power Foreign Trade

Tags: Cambodia Solar Power

4 FAQs about Cambodia Solar Power Foreign Trade

Why are solar panels becoming a trend in Cambodia?

For decades, Cambodia's high economic growth has been fueled by strong garment exports, supported by tourism. However, a new trend in the country's exports has emerged in the past two years – a sharp increase in electrical and electronics (E&E) manufacturing products, particularly solar panels.

Does Cambodia export solar panels?

In 2022, Cambodia's solar panel exports soared by 2.8 times year-on-year to USD1.0 billion; the share of solar panel exports to the country's total exports rose to 4.6 percent from 1.4 percent.

How will Cambodia's new solar rates affect trade?

The new rates are expected to severely impact trade, especially as Cambodia's solar exports to the U.S. were already on the decline. In 2024, solar panel exports dropped sharply to $830 million – a nearly 60% fall from $2.07 billion in 2023. Exports to the U.S. alone plunged by more than 61%.

Why should Cambodia invest in solar panels?

Despite facing significant challenges, Cambodia possesses several advantages that would support the continued development of its solar panel industry. Cambodia can diversify its export destinations from the U.S. to developing economies, such as those in the Middle East or Africa who are transiting to greater use of renewable energy.

Solar power | Open Development Cambodia (ODC)

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