n 2014, before the oil-price downturn, oil generated a $70-billion trade surplus, far outstripping any other export category, and virtually covered large, chronic deficits in autos and auto parts (minus-$15.9-billion), machinery & equipment (minus-$21.5-billion) and electronics (minus-$34.3-billion).
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Even at the bottom of the oil-price correction in 2016, crude remains the largest positive contributor to Canada’s merchandise trade, contributing more than $30-billion annualized in net export revenue as of August 2016 .. -