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Share of Imports and Commodities in Consumption and Investment in the United States

In: UNCOVERING VALUE ADDED IN TRADE New Approaches to Analyzing Global Value Chains

Author

Listed:
  • Galina Hale
  • Bart Hobijn

Abstract

We use input–output data to compute the share of imports and commodities in personal consumption and fixed investment in the United States (US). We show that for the US, a large high-income economy, the shares of local content and of non-commodity content are rather small in categories that are not directly related to commodities or imported goods. Overall, about 82% of expenditures by US consumers go to goods that are made entirely domestically and from domestic imports. Our measures represent an upper bound on the computed shares of imports from a specific region, because we use a conventional, rather than a value added, measure of trade flows.

Suggested Citation

  • Galina Hale & Bart Hobijn, 2015. "Share of Imports and Commodities in Consumption and Investment in the United States," World Scientific Book Chapters, in: Yuqing Xing (ed.), UNCOVERING VALUE ADDED IN TRADE New Approaches to Analyzing Global Value Chains, chapter 6, pages 101-112, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814656368_0006
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