U.S.-China trade and job displacement, 2001–2011
|Change ($billions)||Percent change|
|U.S. trade with China ($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
|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.