Lithium battery energy storage product exports

The 5 biggest exporters of lithium batteries are mainland China, United States of America, Singapore, Germany and Indonesia. All told, those 5 major suppliers generated over half (52.4%) of overall exports for lithium batteries in 2024.

The overall value of lithium ion batteries exports increased by an average 31.7% for all exporting countries from five years earlier in 2020 when lithium ion batteries shipments were valued at $2.71 billion. Year over year, revenues from exported lithium ion batteries accelerated by 52.4% compared to $3.5 billion during 2023.

Lithium (Li)-metal batteries are one of the most promising candidates for the next-generation energy storage devices due to their ultrahigh theoretical capacity. Realistic development of a Li metal battery is impeded by the uncontrollable dendrite proliferation upon the chemically active . Lithium batteries are a potential solution for the future of energy storage.

Thanks to their high energy density, minimal memory effect, and low self-discharge rate, lithium ion batteries are among the most commonly used rechargeable batteries in portable electronics. Since 2018, the overall value of lithium ion battery exports has grown by an average of 13.4%, up from $2.88 billion.

Those countries that posted declines in their exported lithium ion batteries sales were led by: Singapore (down -14.3% from 2023), South Korea (down -12.1%), Canada (down -7.1%), Hong Kong (down -6.9%) and Germany (down -1.4%).

In second place were exporters located in Europe at 32.1% while another 18.4% of worldwide lithium ion batteries exports originated from North America. Tinier percentages came from sellers in Africa (0.5%), Oceania (0.4%) mostly Australia, then Latin America (0.2%) excluding Mexico but including the Caribbean.