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PEW REPORT: US Firms Have $1.6 Billion Trade Surplus in Clean Energy Trade with China

By March 6, 2013 No Comments

“More than half a trillion dollars’ worth of goods and services are traded by the world’s two leading economies, the United States and China. In 2011, the last year for which complete data were available for the purposes of this report, China exported $4 worth of goods and services for every $1 exported by the United States. Current trade flows reflect the reality that China is a low-cost producer and the United States a high-volume consumer of finished products. But underlying these truths is a trading relationship that is more nuanced, in which the United States has key strengths that often go unrecognized.

Clean energy is a recent contributor to the overall U.S.-China trade relationship as renewable and advanced energy systems have emerged as a global priority for economic progress, energy security, and environmental protection. It is well known that the United States and China are leaders in the global clean energy sector. But beyond overall investment and deployment data, there is a poor understanding of how the two clean energy superpowers interact in the sector.”

To read the full report, go here.