U.S.–China goods trade and job displacement, 2001–2015 |
U.S. goods trade with China ($ billions, nominal) |
Change ($billions) |
% Change |
|
2001 |
2008 |
2015 |
2001–15 |
2008–15 |
2001–15 |
U.S. total exports* |
$19.2 |
$71.5 |
$116.1 |
$96.8 |
$44.6 |
503.40% |
U.S. general imports |
$102.3 |
$337.8 |
$483.2 |
$381.0 |
$145.5 |
372.50% |
U.S. trade balance |
‑$83.0 |
‑$266.3 |
‑$367.2 |
‑$284.1 |
‑$100.8 |
342.10% |
Average annual change in the trade balance |
‑$20.2 |
‑$14.4 |
11.20% |
U.S. trade-related jobs supported and displaced (thousands) |
Change (thousands) |
% Change |
|
2001 |
2008 |
2015 |
2001–15 |
2008–15 |
2001–15 |
U.S. total exports–jobs supported |
171.9 |
544.2 |
826.6 |
654.7 |
282.4 |
380.80% |
U.S. general imports–jobs displaced |
1,129.6 |
3,621.2 |
5,227.6 |
4,098.0 |
1,606.4 |
362.80% |
U.S. trade deficit–net jobs displaced |
957.7 |
3,077.0 |
4,401.0 |
3,443.3 |
1,324.0 |
359.60% |
Average annual change in net jobs displaced |
246.0 |
189.1 |
11.50% |
|