Total output value of the PV industry in Jiangsu province, China amounted to 180 billion yuan (approx US$28.9 billion) for the first 10 months of 2012, a year-over-year decrease of 28 percent, according to recently released data. The industry's total exports reached US$6.89 billion for the same period, down 38 percent when compared to the corresponding period of the previous year. Insiders foresee the industry's total output value for the whole year of 2012 to decrease by up to 30 percent year over year.