U.S. Goes from Net Exporter to Net Importer of Solar Products in One Year;

The United States' once-vaunted solar-industry trade surplus with China disappeared between 2010 and 2011, according to findings released today by the Coalition for American Solar Manufacturing (CASM). The U.S. solar industry had an estimated $1.6 billion trade deficit with China in 2011, after enjoying an estimated $250 million to $540 million surplus in 2010. CASM's findings are based on data from the U.S. Department of Commerce and the U.S. International Trade Commission (ITC), as well as a prior study by GTM Research.

"This new data, drawn from official government sources, finally buries the Chinese importers' tired, shop-worn and factually incorrect talking point that the U.S. solar industry has a trade surplus with China," said Gordon Brinser, president of SolarWorld Industries America Inc., the largest U.S. manufacturer of solar cells and panels. "Chinese importers often claim that the modest U.S. trade surplus in 2010 proved that China is not threatening the U.S. solar industry and economy. But it is no longer 2010, and any trade surplus is history. Illegal dumping by massively subsidized Chinese solar producers, combined with curbed exports of polysilicon and manufacturing equipment, are decimating U.S. solar manufacturers, the supply chain and their export business."

Read Full Press Release here:
 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Bonfiglioli USA - A leading supplier of solar power conversion systems

Bonfiglioli USA - A leading supplier of solar power conversion systems

Bonfiglioli designs and manufactures a variety of products for renewable energy applications including inverters for utility-scale solar PV installation, yaw and pitch drives for wind turbines, and mechatronic solutions for hybrid and electric vehicles (consumer and commercial). Worldwide, over 2GW are installed with Bonfiglioli PV inverters and one of every three wind turbines has a Bonfiglioli gearbox. We are commtted to solutions that reduce emissions for a cleaner, brighter future for all.