Global trade is a cornerstone of the U.S. economy, generating substantial economic growth and supporting millions of jobs across various sectors. The ripple effects of global trade are felt far and wide—from dock workers and supply chain managers to tech developers and farmers. We should not overlook the fact that global trade is integral to driving prosperity and creating employment opportunities for American workers. This blog delves into the specific ways trade helps the U.S. economy, highlighting how it powers industries and creates jobs.
Employment Impact of Trade in the U.S.
Global trade supports over 41 million American jobs—nearly one in three private sector positions—directly or indirectly. This includes workers in logistics, agriculture, engineering, finance, manufacturing, and technology. As a key driver of economic growth and job creation, global trade impacts industries across the U.S., far beyond logistics and supply chain roles.
There are a variety of professions born out of the global trade industry, ranging from financial services to supply chain managers/logisticians to maritime and ship captains. These skilled jobs, which offer competitive wages and benefits, provide crucial support for families and communities throughout the U.S. They also ensure that the goods Americans rely on are available in a cost-effective and timely manner, creating a seamless flow of products across the nation. As global trade continues to evolve, it remains an essential driver of U.S. economic growth, fostering job creation and prosperity in various sectors.
The agricultural sector, in particular, benefits significantly from global trade. In 2024, U.S. agricultural exports were valued at $176 billion, supporting over 1 million jobs and generating over $200 billion in additional economic activity. These exports, which are primarily directed to key, international markets, help sustain American farmers and rural communities. For example, soybean exports alone reached $27.7 billion in 2023 demonstrating the importance of foreign demand in supporting U.S. agricultural livelihoods.
The U.S. as a Global Trade Leader
Global trade provides immense benefits to the U.S. economy, not only by creating more than 41 million jobs but also by boosting economic growth and supporting essential industries like agriculture and manufacturing. The diverse range of jobs tied to trade—from truck drivers to tech developers—demonstrates the far-reaching effects of global commerce on American workers. It is clear that global trade is an engine of prosperity for the U.S., providing both jobs and economic opportunities that help sustain growth and progress.
As trade continues to expand, the U.S. must maintain its role as a key player in the global market. The continued success of global trade offers a pathway for future prosperity, ensuring that both U.S. workers and businesses continue to thrive in an interconnected world.
Ultimately, global trade not only sustains millions of jobs but also contributes to the economic vitality of the United States. The continued growth and success of global trade relationships are vital for maintaining this economic prosperity and supporting the livelihoods of workers across various industries.
Breakdown of Trade-Related U.S. Jobs (Trade Tech Estimated Breakdown)
Estimate of jobs affected by global trade with percentage estimates.
Financial Services: 2-4%
Financial professionals are important for trade financing, risk management, and investment in infrastructure, but they make up a smaller portion of the overall workforce.
Global Economists/Analysts: 1-2%
Economists and analysts contribute valuable insights to global trade trends and supply chain strategies but are a smaller, specialized group.
Engineers (Industrial, Mechanical, Civil): 5-8%
Engineers are crucial for designing and optimizing supply chain infrastructure, transportation systems, and logistics processes. They form a key part of the workforce in logistics and maritime sectors.
International Trade Attorneys and Compliance: 1-2%
Attorneys and compliance officers specializing in international trade law ensure that businesses comply with trade regulations, customs laws, and global standards. They are a small but critical part of the workforce in international logistics.
Truck Drivers, Dock Workers, and Stevedores: 25-30%
This is a large portion of the workforce, as truck drivers and dock workers are essential to the movement of goods via land and ports. Stevedores (port workers) are especially important in the maritime logistics sector.
Maritime and Ship Captains: 2-3%
These professionals are vital for the operation of vessels in the maritime logistics industry but represent a smaller portion of the workforce.
Supply Chain Managers/Logisticians: 8-12%
These professionals play a crucial role in planning and coordinating the movement of goods, inventory, and resources. They are an essential part of logistics and supply chain operations.
Customs Brokers: 1-3%
Customs brokers are essential for navigating international trade regulations, customs clearance, and ensuring smooth cross-border movement of goods, but they make up a smaller portion of the workforce.
Technology Innovators: 4-6%
Technology professionals (e.g., software engineers, IT specialists, data scientists) help innovate supply chain management tools, tracking systems, and automation solutions. Their role is growing but is still relatively smaller compared to operational workers.
Designers and Marketing Professionals: 1-2%
Designers and marketers play a role in branding, customer experience, and promotional strategies within the logistics and maritime sectors, but they are a relatively small group within the broader industry.
Farmers and Exporters: 10-15%
Farmers and exporters play a large role in the global supply chain, particularly in the movement of raw materials and agricultural goods. They are an important part of the logistics process, especially in the import/export sector.
Warehousing and Distribution: 10-15%
Workers involved in warehousing, storage, and distribution are vital for inventory management, order fulfillment, and the efficient movement of goods within the supply chain. This is a large segment of the workforce.
Mechanics: 5-7%
Mechanics maintain and repair the vehicles, machinery, and equipment used in the logistics and supply chain sectors, ensuring the smooth operation of transportation and storage systems.
