International Trade in Goods

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Statistics about international trade in goods, on a balance of payments and international trade basis.

Reference period
February 2024
Released
5/04/2024

Key statistics

  • The seasonally adjusted balance on goods decreased $2,778m in February.
  • Goods credits (exports) fell $1,041m (2.2%) driven by Metal ores and minerals.
  • Goods debits (imports) rose $1,736m (4.8%) driven by Processed industrial supplies n.e.s.

Trade overview

Key Figures, Seasonally Adjusted
 Dec 23 ($m)Jan 24 ($m)Feb 24 ($m)Jan 24 to Feb 24 ($m)Jan 24 to Feb 24 (%)
Balance on goods9,86410,0587,280-2,778na
 Credits (Exports of goods)45,87446,56145,520-1,041-2.2
 Debits (Imports of goods)-36,010-36,503-38,2391,7364.8

na not applicable

 

  1. Large month-to-month changes occurred during the COVID-19 pandemic, resulting in multiple trend breaks. The ABS recommends caution when using trend estimates published in spreadsheets for this period.

Goods credits

  1. Large month-to-month changes occurred during the COVID-19 pandemic, resulting in multiple trend breaks. The ABS recommends caution when using trend estimates published in spreadsheets for this period.
Goods credits, seasonally adjusted
 Dec 23 ($m)Jan 24 ($m)Feb 24 ($m)Jan 24 to Feb 24 ($m)Jan 24 to Feb 24 (%)
Total goods credits45,87446,56145,520-1,041-2.2
 General merchandise42,93943,09842,813-285-0.7
  Rural goods5,5105,9235,656-267-4.5
  Non-rural goods37,42937,17537,157-180.0
 Net exports of goods under merchanting(a)161414--
 Non-monetary gold(a)2,9193,4492,693-756-21.9

- nil or rounded to zero (including null cells) 
 

  1. This component is not seasonally adjusted.

Rural goods

Non-rural goods

Goods debits

  1. Large month-to-month changes occurred during the COVID-19 pandemic, resulting in multiple trend breaks. The ABS recommends caution when using trend estimates published in spreadsheets for this period.
Goods debits(a), seasonally adjusted
 Dec 23 ($m)Jan 24 ($m)Feb 24 ($m)Jan 24 to Feb 24 ($m)Jan 24 to Feb 24 (%)
Total goods debits-36,010-36,503-38,2391,7364.8
 General merchandise debits-35,383-35,689-37,3661,6774.7
  Consumption goods-11,176-11,697-12,0223252.8
  Capital goods-8,630-9,164-9,103-61-0.7
  Intermediate and other merchandise goods-15,576-14,827-16,2411,4149.5
 Non-monetary gold(b)-627-814-873597.2
  1. For sign conventions, see the methodology page.
  2. This component is not seasonally adjusted.

Consumption goods

Capital goods

Intermediate and other merchandise goods

Supplementary information

Selected commodities

Value adjustments

Revisions

Confidential Commodities List

To better align with other International Trade in Goods publication downloads, changes will be made to the format of the Confidential Commodities list (Table 92). These changes will be effective from the March reference month release, on 2nd May 2024.

Data downloads

Time series spreadsheets

Data files
Data files

Create your own tables and visualisations with Data Explorer

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website. Please check the reference period when using Data Explorer.

Data explorer for the monthly trade in goods. Users might need to update links to the new version. 

For information on Data Explorer and how it works, see the Data Explorer user guide.

Seasonal adjustment for leap years

The extra leap year day in 2024 is unlikely to impact seasonally adjusted statistics released by the Australian Bureau of Statistics (ABS) for the month of February 2024 and the March quarter 2024. This is because the effect of an additional leap year day is analysed and accounted for as part of the seasonal adjustment process, which includes the impact of trading days. The impact of the extra leap year day will be evident in the original (non-seasonally adjusted) series. For more information please refer to this note.

Previous catalogue number

This release previously used catalogue number 5368.0.

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