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5368.0 - International Trade in Goods and Services, Australia, Apr 2014 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/06/2014   
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APRIL KEY FIGURES

Feb 2014
Mar 2014
Apr 2014
Mar 14 to Apr 14
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
857
919
891
-3
Seasonally adjusted
1 729
902
-122
(a). .
CREDITS (Exports of goods and services)
Trend estimates
29 012
29 156
29 203
-
Seasonally adjusted
29 581
28 918
28 497
-1
DEBITS (Imports of goods and services)
Trend estimates
28 155
28 237
28 312
-
Seasonally adjusted
27 853
28 015
28 619
2

. . not applicable
- nil or rounded to zero (including null cells)
(a) See paragraph 15 of the Explanatory Notes.

Balance on Goods and Services
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series



APRIL KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $891m in April 2014, a decrease of $28m (3%) on the surplus in March 2014.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $122m in April 2014, a turnaround of $1,024m on the surplus in March 2014.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $421m (1%) to $28,497m. Rural goods fell $208m (6%), non-monetary gold fell $131m (11%), non-rural goods fell $96m and net exports of goods under merchanting fell $3m (19%). Services credits rose $17m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $604m (2%) to $28,619m. Capital goods rose $399m (8%) and consumption goods rose $192m (3%). Intermediate and other merchandise goods fell $76m (1%) and non-monetary gold fell $6m (2%). Services debits rose $96m (2%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
May 2014 2 July 2014
June 2014 5 August 2014
July 2014 4 September 2014
August 2014 2 October 2014
September 2014 4 November 2014
October 2014 4 December 2014



REVISIONS

Since the previous issue of this publication revisions have been made to align with the data published in the March quarter 2014 issues of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) and Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0):
  • on an international merchandise trade basis, exports and imports have been revised back to October 2013
  • on a balance of payments basis revisions have been applied to:
      • goods debits back to July 2013
      • services debits back to January 2014.

See the Revisions section for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'metal ores and minerals', 'coal, coke and briquettes' and 'capital goods n.e.s.' components in the balance of payments series.

See the Value adjustments section for details.


RELATED RELEASES

See the Related releases section for details.


INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Lauren Binns on Hobart (03) 6222 5926 for Services. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.


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Commonwealth of Australia 2014

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