1,000-word charts: oil imports into the United States

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Due to its complexity, much of the topic relating to economics requires detailed editorial commentary, often supported by relevant tables and charts.

At the same time, however, there are many topics (eg, related to demographics, housing starts, etc.) that call for compelling “abbreviated” visualizations.

Whichever route you take, the goal of the trip, almost always, is to hit a baseline or two.

To add additional value, ConstructConnect is now pleased to offer a continuous series of 1,000-word graphics.

These will help readers better understand the “big picture”.

These 1,000-word charts examine U.S. oil imports in April 2021.

Chart 1:12 of the top suppliers of US oil imports
Year-to-date (year-to-date) April 2021

* OPEC countries.

Data source: Bureau of Economic Analysis (BEA).
Graphics: ConstructConnect.

Figure 2: Foreign Sources of Oil Imported from the United States
% of total barrels – January-April 2021

Jan-Feb 2021 vs Jan-Feb 2020 barrels of: Canada -7.6%.

* The asterisk indicates the country among OPEC members. Ecuador left OPEC in January 2020.

Data source: Census Bureau & Bureau of Economic Analysis (BEA).
Graphics: ConstructConnect.

Chart 3: Shares of total US petroleum imports (barrels)
From Canada and Mexico

At the turn of this century, until 2005, Canada and Mexico accounted for roughly the same share of total U.S. oil imports, about 15% each.  Since the mid-2000s, however, Canada's proportion has jumped while Mexico's has declined slightly.

Data source: Census Bureau, Bureau of Economic Analysis (BEA) and Energy Information Administration (EIA)
Graphics: ConstructConnect.

Chart 4: Share of total US petroleum imports (barrels)
From Canada and Saudi Arabia

Canada has the advantage of having pipeline and rail access to the US market.

Data source: Census Bureau, Bureau of Economic Analysis (BEA) and Energy Information Administration (EIA)
Graphics: ConstructConnect.


Please click on the following link to view the latest foreign trade charts and tables: CanaData Forecaster Charts and Tables – Foreign Trade


Alex Carrick is Chief Economist for ConstructConnect. He has given presentations across North America on the outlook for construction in the United States, Canada and around the world. Mr. Carrick has been with the company since 1985. Links to his many articles are posted on Twitter. @ConstructConnx, which has 50,000 subscribers.

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