BEA is developing data to provide a more complete and nuanced view of U.S. trade to analyze the evolving structure of international trade. The new data will help analyze global value chains – increasingly complicated supply chains that link many countries together to produce a good or service.
For example, an airliner exported from the United States might combine U.S.-made parts with wings from Japan, passenger doors from France, landing gear from England, and other components built elsewhere. Likewise, U.S. industries provide goods and services used in other countries’ exports.
In the first milestone of this ongoing project, BEA released prototype data on trade in value added in December 2021. These new data tables can be used to answer questions such as: What are the domestic and imported inputs used to create a U.S. industry’s exports? How do U.S. industries contribute to different global value chains?
- A Primer on BEA's Industry Accounts
- Concepts and Methods of the U.S. Input-Output Accounts
- Slide Presentation: Single Country Trade in Value Added
- OECD - Trade in Value Added
- BEA’s statistics on trade in value added are being developed in collaboration with the National Center for Science and Engineering Statistics of the National Science Foundation.
What is Trade in Value Added?
Data showing the domestic and imported sources of value used in producing U.S. exports. Analyzing these data shows a more complete picture by complementing traditional trade statistics.
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MediaConnie O'Connell