The CPA Reshoring Index 2020:
The CPA Reshoring Index (CRI) is the first and only measure of U.S. producers’ share of the U.S. domestic market for manufactured goods.
It is calculated from federal government data on manufacturing production, imports, and exports. The Reshoring Index for 2020 shows that U.S. producers had a 69.6% share of the U.S. market with importers taking 30.4% of the market. In this Working Paper, we look at recent trends in U.S. producers’ share of the total manufacturing market and key sub-sectors.
The CRI also looks at the trade deficit in manufactured goods, which reached an all-tie high last year of $897 billion. Since 2002, the U.S. has lost 7.7 percentage points of market share in the U.S. market. Regaining that share would add over $500 billion to manufacturers’ revenue and millions of additional jobs.