This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Advantage America: Pew Report Finds That U.S. Companies Held $1.6 Billion Trade Surplus In Clean Energy Trade With China In 2011

WASHINGTON, March 6, 2013 /PRNewswire-USNewswire/ -- The United States and China traded more than $8.5 billion worth of clean energy goods and services in 2011, the latest year for which data are available.  According to a report released today by The Pew Charitable Trusts, U.S. companies enjoyed a $1.63 billion sales advantage over their Chinese counterparts. 

(Photo: http://photos.prnewswire.com/prnh/20130306/DC71674-INFO)

The report, Advantage America: The U.S.-China Clean Energy Trade Relationship in 2011, concludes that America's clean energy trade strength is derived from leadership in innovation and entrepreneurship, as well as the global presence of U.S. companies.  China's clean energy industry has an advantage in large-scale manufacturing and high-volume assembly of certain clean energy products. However, tensions have been heightened in recent years by fiercely competitive market conditions affecting companies in both countries, as well as several high-profile trade cases. 

"The report findings underscore the long-term economic potential for U.S. leadership in the clean energy sector," said Phyllis Cuttino, director of Pew's clean energy program.  " Advantage America demonstrates the payoff for our leadership in wind, solar, and energy smart technology innovation. U.S. companies are tapping into the growing worldwide demand for clean energy goods and services. But, to maintain our competitive edge, it is essential that policymakers recognize and enhance domestic policies that help position U.S. companies for success—investing in research and development, encouraging domestic demand, and supporting overseas sales."

The report, based on data compiled by Bloomberg New Energy Finance, Pew's research partner for clean energy, provides insight into the complex and interdependent nature of trade between the world's two largest economies.  Among its major findings:

Solar Energy— These products constituted the largest component of clean energy trade for both countries. Combined, firms based in the two nations traded more than $6.5 billion worth of products and services in 2011.  Chinese firms sell large quantities of finished solar cells and modules to the United States, which led in sales of high value-added goods and services, such as polysilicon and wafers, as well as the high-tech materials and equipment needed in solar manufacturing.  On a net basis, the United States enjoyed a $913 million surplus in the solar sector.

Wind Energy— This was the smallest of the three clean energy trade sectors examined in the report.  Overall, more than $923 million worth of wind energy goods and services were exchanged between the two countries in 2011.  As with solar, the U.S. wind industry excels in sales of relatively high-margin specialty materials (fiberglass) and sensitive electronic and other control systems. China's largest sales were in turbine towers and rotors.  Overall, U.S. firms held a net trade surplus of just over $146 million

Energy Smart Technologies— This sector includes a suite of technologies, services, and products that can help improve energy performance and/or efficiency, store energy, and reduce carbon emissions.  Energy smart technologies traded between the United States and China include smart meters, light emitting diodes (LEDs), advanced lithium-ion batteries, and electric vehicles.  More than $1.1 billion worth of these products flowed between the two countries, with the United States held a net trade surplus of $571 million in the sector. 

 The report concludes that:

  • The United States held a $1.63 billion trade advantage over China in 2011 across the three sectors The United States enjoyed a surplus in all three major clean energy sectors, with solar energy accounting for 56 percent of the overall advantage and energy smart technologies accounting for 35 percent of the surplus.
  • U.S. firms have an advantage based on national leadership in innovation and entrepreneurship . U.S. companies excel in production and sale of complex, high-margin, and performance-critical goods.  They include capital equipment for manufacturing solar panels and LEDs, specialty chemicals and materials needed for production of solar and wind products, and controls for energy systems.
  • U.S. companies are more active overseas than their Chinese counterparts, which have only small U.S. assembly operations for clean energy equipment.  The U.S. trade advantage over China increased by more than $1.1 billion (to a total of $1.63 billion) when the global footprints of U.S. firms manufacturing products overseas were taken into account. 
  • China's strength is based on large-scale assembly and high-volume manufacturing .  The data show that Chinese firms are relied upon for large-scale manufacture and high-volume assembly of finished products such as solar modules and LED fixtures. 

The Pew Charitable Trusts is driven by the power of knowledge to solve today's most challenging problems. Pew applies a rigorous, analytical approach to improve public policy, inform the public and stimulate civic life. www.PewTrusts.org

Media contact: Tracy Schario, tschario@pewtrusts.org, 202.540.6582

SOURCE The Pew Charitable Trusts

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs