The U.S. manufactures trade picture continued to dim in 2015, especially when compared with China, causing significant job decreases, according to an analysis from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation (MAPI).

In the report, Ernest Preeg, MAPI Foundation senior adviser for international trade and finance, notes that the U.S. deficit in manufactured goods increased by 16 percent, or $89 billion, in 2015 compared with 2014. Preeg estimates a trade-related job loss of 600,000 American manufacturing jobs. This is on top of 400,000 job losses in 2014, according to Preeg's estimates.

Meanwhile, the Chinese trade surplus in manufactures was up 5 percent, or $48 billion, on a year-over-year basis. Preeg maintains these data significantly understate the actual growth in the surplus.

"Because of over-invoicing of imports to circumvent restrictions on capital outflow, the actual surplus totaled $1.1 trillion," he said.