Canada’s exports decreased 4.7% month over month to C$62.48 billion in January, following an increase in December. Despite the headline decline, exports increased in five of the eleven product categories. Metal and non-metallic mineral products fell 8.0%, driven by lower shipments of unwrought gold to the United Kingdom. Aircraft and other transportation equipment and parts exports decreased 16.0%, with aircraft shipments down 22.7% on lower exports to the United States. Partly offsetting these declines, energy exports rose 4.1%, led by natural gas. Exports to the US decreased 3.8%, while shipments to countries other than the US fell 6.5%.