1000 word charts: the foreign trade of the United States and Canada


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Because of their complexity, many topics related to economics require detailed editorial commentary, often supported by relevant tables and graphs. At the same time, though, there are many topics (eg, related to demographics, housing beginnings, etc.) that require compelling “brief” perceptions. Whichever route is followed, the point of the trip, almost always, is to hit a baseline or two. To provide additional value, ConstructConnect is now pleased to offer a continuous series of 1,000-word infographics. This will help readers sort out the “big picture” more clearly. These 1,000-word charts look at the foreign trade of the United States and Canada, as of June 2021. Graph 1: United States foreign trade: Balance of goods and services – June 2021 Last data point for June 2021, based on seasonally adjusted monthly numbers, forecast at an annual rate. Data source: Bureau of Economic Analysis (BEA) Graph: ConstructConnect. Graph 2: Geographical sources of the overall US foreign trade deficit in goods – June 2021 Data source: US Census Bureau and Bureau of Economic Analysis (BEA). Diagram: ConstructConnect. Chart 3: 12 of the largest importers of US oil year-to-date (YTD) June, 2021 *OPEC countries. Data source: Bureau of Economic Analysis (BEA) Graph: ConstructConnect. Graph 4: Foreign Sources of Oil Imported from the United States % of Total Barrels – January – June 2021 * The asterisk indicates the country among OPEC members. Ecuador left OPEC in January 2020. Data source: Bureau of Statistics and Bureau of Economic Analysis (BEA) Graph: ConstructConnect. Graph 5: Canadian Foreign Trade: Merchandise Trade Balance – June 2021 Last data point for June 2021 based on seasonally adjusted monthly figures and forecast at an annualized rate. Data source: Statistics Canada. Diagram: ConstructConnect. Graph 6: Regional Export Sales, January-June 2021 by dollar volume (also shows percentage changes to date – eg, compared to January-June 2020) Data source: Statistics Canada. Diagram: ConstructConnect. Graph 7: Sales of Canada’s main export products by province Data source: Statistics Canada Table 10-12-0119-01 Graph: ConstructConnect. Please click on the following link to view the latest foreign trade charts and tables: CanaData Forecaster charts and tables – Foreign Trade


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