U.S.–China goods trade and job displacement, 2001–2015
|Change ($billions)||Percent change|
|U.S. goods trade with China ($ billions, nominal)|
|U.S. total exports*||$19.2||$71.5||$116.1||$96.8||$44.6||503.4%|
|U.S. general imports||$102.3||$337.8||$483.2||$381.0||$145.5||372.5%|
|U.S. trade balance||‑$83.0||‑$266.3||‑$367.2||‑$284.1||‑$100.8||342.1%|
|Average annual change in the trade balance||‑$20.2||‑$14.4||11.2%|
|Change (thousands of jobs)||Percent change|
|U.S. trade-related jobs supported and displaced (thousands of jobs)|
|U.S. total exports–jobs supported||171.9||544.2||826.6||654.7||282.4||380.8%|
|U.S. general imports–jobs displaced||1,129.6||3,621.2||5,227.6||4,098.0||1,606.4||362.8%|
|U.S. trade deficit–net jobs displaced||957.7||3,077.0||4,401.0||3,443.3||1,324.0||359.6%|
|Average annual change in net jobs displaced||246.0||189.1||11.5%|
* Total exports as reported by the U.S. International Trade Commission include re-exports. Domestic exports are goods produced in the United States and exclude goods produced in other countries and shipped through the United States (known as foreign exports or re-exports). Domestic exports were estimated to be $107.7 billion in 2015. The employment estimates shown here are based on total exports. See footnote 3 for additional details.
Source: Author's analysis of U.S. Census Bureau (2013), U.S. International Trade Commission (USITC 2016a), Bureau of Labor Statistics (BLS 2016e), and BLS Employment Projections program (BLS-EP 2014a and 2014b). For a more detailed explanation of data sources and computations, see the appendix.