The EU imported €11.1 billion ($12.8 billion) in solar panels, €2.9 billion in liquid biofuels, and €0.5 billion in wind turbines from non-EU countries, totalling nearly €14.6 billion ($16.9 billion) in green energy products, as per Eurostat data.

The value of solar panel imports dropped by 43 per cent compared to 2023, although the total weight increased by 2 per cent.

Liquid biofuel imports also fell in value by 25 per cent.

Conversely, wind turbine imports surged, with value increasing by 102 per cent and weight by 113 per cent; the EU imported 32,373 wind turbines, up by 9,072 from the previous year.

On the export side, the EU sent out €0.7 billion in solar panels, €1.8 billion in liquid biofuels, and €2.8 billion in wind turbines.

Wind turbine exports significantly surpassed imports, with a 41 per cent rise in value and a 28 per cent increase in weight, totalling 17,180 units.

Meanwhile, solar panel exports declined by 22 per cent in value but increased by 24 per cent in weight, while liquid biofuels saw an 18 per cent drop in value and a 7 per cent reduction in weight.

China remained the dominant supplier of solar panels, accounting for 98 per cent of imports.

For liquid biofuels, China held a 24 per cent share, with Malaysia, the UK, and Brazil as other significant sources.

Wind turbines were primarily imported from India and China, with China increasing its share from 31 per cent to 43 per cent.