U.S.-China trade and job displacement, 2001–2011
| Change ($billions) | Percent change | |||||
|---|---|---|---|---|---|---|
| 2001 | 2008 | 2011 | 2001–2011 | 2008–2011 | 2001–2011 | |
| U.S. trade with China ($billions, nominal) | ||||||
| U.S. domestic exports* | 18.0 | 67.2 | 96.9 | 78.9 | 29.7 | 439.6% |
| U.S. imports for consumption | 102.1 | 337.5 | 398.5 | 296.4 | 61.0 | 290.4% |
| U.S. trade balance | -84.1 | -270.3 | -301.6 | -217.5 | -31.2 | 258.5% |
| Average annual change in the trade balance | -21.7 | -10.4 | 13.6% | |||
| Change (thousands of jobs) | Percent change | |||||
| U.S. trade-related jobs supported and displaced (thousands of jobs) | ||||||
| U.S. domestic exports-jobs supported |
169.4 | 547.9 | 707.4 | 538.0 | 159.5 | 317.7% |
| U.S. imports for consumption-jobs displaced | 1,139.5 | 3,598.1 | 4,419.7 | 3,280.2 | 821.6 | 287.9% |
| U.S. trade deficit-net jobs displaced | 970.1 | 3,050.2 | 3,712.3 | 2,742.2 | 662.1 | 282.7% |
| Average annual change in net jobs displaced | 274.2 | 220.7 | 14.4% | |||
* Domestic exports are goods produced in the United States and exclude re-exports, i.e., goods produced in other countries and shipped through the United States. Total exports as reported by the U.S. International Trade Commission include re-exports. Total exports were estimated to be $103.9 billion in 2011, and U.S. re-exports to China represent 6.72% of total exports. The employment estimates shown here are based on domestic exports only. See endnotes nine and 10 for additional details.
Source: Author's analysis of U.S. Census Bureau (2009), U.S. International Trade Commission (2012), and Bureau of Labor Statistics Office of Employment Projections (2011a and 2011b). For a more detailed explanation of data sources and computations, see the Appendix.