Insights / Chart

US Washing Machine Imports and Korean Washing Machine Part Exports by Country

Based on BFI Working Paper No. 2019-61, “The Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines,” by Aaron Flaaen, economist, Federal Reserve Board; Ali Hortaçsu, professor of economics, University of Chicago and co-director of BFI’s Industrial Organization Initiative; and Felix Tintelnot, assistant professor of economics, University of Chicago and associate scholar of BFI’s International Economics Initiative and Industrial Organization Initiative
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US Washing Machine Imports and Korean Washing Machine Part Exports by Country

The manufacture and trade of washing machines and parts offers a clear example of the impact of trade restrictions. The first graph shows the sudden shifts in production in countries following trade duties, and the second shows how the market for washing machine parts is similarly impacted.