U.S.-China goods trade and job displacement, 2001–2013
|Change ($billions)||Percent change|
|U.S. goods trade with China ($ billions, nominal)|
|U.S. domestic exports*||$18.0||$67.2||$114.0||$96.1||$46.9||534.9%|
|U.S. imports for consumption||$102.1||$337.5||$438.2||$336.1||$100.7||329.3%|
|U.S. trade balance||-$84.1||-$270.3||-$324.2||-$240.1||-$53.8||285.4%|
|Average annual change in the trade balance||-$21.8||-$10.8||11.9%|
|Change (thousands of jobs)||Percent change|
|U.S. trade-related jobs supported and displaced (thousands of jobs)|
|U.S. domestic exports–jobs supported||161.4||499.2||767.5||606.2||268.4||375.6%|
|U.S. imports for consumption–jobs displaced||1,127.7||3,620.1||4,890.9||3,763.3||1,270.8||333.7%|
|U.S. trade deficit–net jobs displaced||966.3||3,121.0||4,123.4||3,157.1||1,002.4||326.7%|
|Average annual change in net jobs displaced||287.0||200.5||12.9%|
*Domestic exports are goods produced in the United States and exclude foreign exports (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 $121.7 billion in 2013, and U.S. re-exports to China represent 6.33 percent of total exports. The employment estimates shown here are based on domestic exports only. See endnotes 5 and 6 for additional details.
Source: Authors' analysis of U.S. Census Bureau (2013), U.S. International Trade Commission (USITC 2014), Bureau of Labor Statistics (BLS 2014b), and BLS Employment Projections program (BLS-EP 2014a and 2014b). For a more detailed explanation of data sources and computations, see the appendix.