U.S.–China goods trade and job displacement, 2001–2017
|Change ($billions)||Percent change|
|U.S. goods trade with China ($billions, nominal)|
|U.S. total exports*||$19.2||$71.5||$130.4||$111.1||$58.9||577.8%||82.4%|
|U.S. general imports||$102.3||$337.8||$505.6||$403.3||$167.8||394.3%||49.7%|
|U.S. trade balance||‑$83.0||‑$266.3||-$375.2||-$292.2||-$108.9||351.8%||40.9%|
|Average annual change in the trade balance||-$18.26||-$15.56||9.9%|
|Change (thousands of jobs)||Percent change|
|U.S. trade-related jobs supported and displaced (thousands of jobs)|
|U.S. total exports—jobs supported||179.2||564.2||959.1||780.0||395.0||435.3%||70.0%|
|U.S. general imports—jobs displaced||1,170.7||3,616.9||5,311.3||4,140.6||1,694.4||353.7%||46.8%|
|U.S. trade deficit—net jobs displaced||991.5||3,052.7||4,352.2||3,360.6||1,299.4||338.9%||42.6%|
|Average annual change in net jobs displaced||210.0||185.6||9.7%|
* Total exports as reported by the U.S. International Trade Commission include re-exports. The employment estimates shown here are based on total exports. See note 2 for additional details.
Source: Authors’ analysis of U.S. Census Bureau 2013, U.S. International Trade Commission 2018, and Bureau of Labor Statistics Employment Projections program 2017a and 2017b. For a more detailed explanation of data sources and computations, see the appendix.