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5368.0 - International Trade in Goods and Services, Australia, Aug 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/10/2009   
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AUGUST KEY FIGURES

Jun 2009
Jul 2009
Aug 2009
Jul 09 to Aug 09
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-799
-1 286
-1 722
. .
Seasonally adjusted
-607
-1 783
-1 524
. .
CREDITS (Exports of goods & services)
Trend estimates
20 121
19 527
19 029
-3
Seasonally adjusted
20 147
19 682
19 325
-2
DEBITS (Imports of goods & services)
Trend estimates
20 920
20 813
20 752
-
Seasonally adjusted
20 754
21 464
20 849
-3

. . not applicable
- nil or rounded to zero (including null cells)

Balance on Goods and Services
Graph: Balance on Goods and Services



AUGUST KEY POINTS


BALANCE ON GOODS AND SERVICES
  • The trend estimate of the balance on goods and services was a deficit of $1,722m in August 2009, an increase of $436m (34%) on a revised deficit in July 2009.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $1,524m in August 2009, a decrease of $259m (15%) on a revised deficit in July 2009.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • Seasonally adjusted, goods and services credits fell $357m (2%) to $19,325m. Non-rural goods fell $318m (3%) with the coal, coke and briquettes component down $248m (8%), rural goods fell $62m (3%) and non-monetary gold fell $6m (1%). Services credits rose $29m (1%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • Seasonally adjusted, goods and services debits fell $615m (3%) to $20,849m. Intermediate and other merchandise goods fell $729m (10%) with the fuels and lubricants component down $592m (24%) and consumption goods fell $305m (6%).
  • These falls were partly offset by rises in non-monetary gold, up $300m (118%), capital goods, up $83m (2%) and services debits, up $35m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2009 5 November 2009
October 2009 9 December 2009
November 2009 7 January 2010
December 2009 3 February 2010
January 2010 4 March 2010
February 2010 1 April 2010



REVISIONS AND CHANGES IN THIS ISSUE

This issue introduces estimates on a balance of payments basis compiled according to revised international standards, the Balance of Payments and International Investment Position Manual, sixth edition (BPM6). For further details refer to:
In addition, revisions have been made to incorporate the latest available data relating to merchandise trade from February 2008 and international trade in goods and services from July 2008.

Please note that the Information paper: Implementation of revised international statistical standards in ABS National and International Accounts (cat no. 5310.0.55.002) is scheduled to be released on 14 October 2009.

Table 17, Summary of revisions, has been added to this publication. However the revisions data is not yet available and will be provided from the next issue.


CHANGES IN TIME SERIES SPREADSHEETS

In addition to the new time series IDs introduced with BPM6, the following additional recorded trade time series IDs have been added from this issue for the Euro area:


Table 14a

MERCHANDISE EXPORTS, Country and Country Groups, FOB Value
  • A2716732C - Euro area


Table 14b

MERCHANDISE IMPORTS, Country and Country Groups, Customs Value
  • A3309026T - Euro area


INQUIRIES

For further information contact Selvi Sekhar on Canberra (02) 62525540 for goods, and Karen McGuigan on Canberra (02) 6252 5415 for services.


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