Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs.
At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for compelling ‘shorthand’ visualizations.
Whichever path is followed, the point of the journey, almost always, is to reach a bottom line or two.
To provide additional value, ConstructConnect is now pleased to offer an ongoing series of 1,000-word charts.
These will help readers sort out the ‘big picture’ more clearly.
These 1,000-word charts look at U.S. oil imports as of April 2021.
Graph 1: 12 of the Top Suppliers of U.S. Oil Imports
Year to Date (YTD) April, 2021
* OPEC nations.
Data source: Bureau of Economic Analysis (BEA).
Chart: ConstructConnect.
Graph 2: Foreign Sources of U.S. Imported Oil
% of Total Barrels – Jan-Apr 2021
* Asterisk indicates country among OPEC members. Ecuador left OPEC in January 2020.
Data source: Census Bureau & Bureau of Economic Analysis (BEA).
Chart: ConstructConnect.
Graph 3: Shares of U.S. Total Oil Imports (Barrels)
Sourced from Canada and Mexico
Data source: Census Bureau, Bureau of Economic Analysis (BEA) & Energy Information Administration (EIA)
Chart: ConstructConnect.
Graph 4: Shares of U.S. Total Oil Imports (Barrels)
Sourced from Canada and Saudi Arabia
Data source: Census Bureau, Bureau of Economic Analysis (BEA) & Energy Information Administration (EIA)
Chart: ConstructConnect.
Please click on the following link to view the latest Foreign Trade charts and tables: CanaData Forecaster Charts & Tables – Foreign Trade
Alex Carrick is Chief Economist for ConstructConnect. He has delivered presentations throughout North America on the U.S., Canadian and world construction outlooks. Mr. Carrick has been with the company since 1985. Links to his numerous articles are featured on Twitter @ConstructConnx, which has 50,000 followers.
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