Wal-Mart – China goods trade and U.S. job displacement, 2001–2013
2001 | 2013 | Change, 2001–2013 | ||||||
---|---|---|---|---|---|---|---|---|
U.S. total | Wal-Mart | U.S. total | Wal-Mart | U.S. total | Wal-Mart | |||
Goods trade with China ($ billions, nominal) | ||||||||
U.S. domestic exports* | 18.0 | 0.1 | 114.0 | 1.0 | 96.0 | 0.9 | ||
U.S. imports for consumption | 102.1 | 11.4 | 438.2 | 49.1 | 336.1 | 37.6 | ||
U.S. trade balance | -84.1 | -11.4 | -324.2 | -48.1 | -240.1 | -36.7 | ||
Wal-Mart share of U.S. imports | 11.2% | |||||||
U.S. trade-related jobs supported and displaced (thousands of jobs) | ||||||||
U.S. domestic exports–jobs supported | 161.4 | 0.5 | 767.5 | 6.5 | 606.1 | 6.1 | ||
U.S. imports for consumption–jobs displaced | 1,127.7 | 126.3 | 4,890.9 | 547.8 | 3,763.2 | 421.5 | ||
U.S. trade balance–net jobs displaced | 966.3 | 125.8 | 4,123.4 | 541.3 | 3,157.1 | 415.4 | ||
Wal-Mart share of U.S. Job loss | 13.2% |
*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 Scott and Kimball (2014), "Methodology" Appendix and endnotes 5 and 6 there for additional details on data sources and models used. This analysis assumes job gains and losses due to Wal-Mart trade are proportional to the shares of trade in each year for domestic exports and imports for consumption.
Source: Author's analysis of U.S. Census Bureau (2013), U.S. International Trade Commission (USITC 2014), Bureau of Labor Statistics (BLS 2014), BLS-EP 2014a, BLS-EP 2014b, and Scott and Kimball (2014).
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