Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
5368.0 - International Trade in Goods and Services, Australia, Aug 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/10/2012   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

AUGUST KEY FIGURES

Jun 2012
Jul 2012
Aug 2012
Jul 12 to Aug 12
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-1 128
-1 337
-1 625
-22
Seasonally adjusted
-791
-1 530
-2 027
-32
CREDITS (Exports of goods & services)
Trend estimates
25 680
25 591
25 422
-1
Seasonally adjusted
26 155
25 433
24 589
-3
DEBITS (Imports of goods & services)
Trend estimates
26 808
26 928
27 047
-
Seasonally adjusted
26 946
26 963
26 615
-1

- nil or rounded to zero (including null cells)

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



AUGUST KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $1,625m in August 2012, a rise of $288m (22%) on the deficit in July 2012.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,027m in August 2012, a rise of $497m (32%) on the deficit in July 2012.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $844m (3%) to $24,589m. Non-rural goods fell $933m (6%) and non-monetary gold fell $2m. Rural goods rose $37m (1%). Net exports of goods under merchanting remained steady at $16m. Services credits rose $53m (1%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $348m (1%) to $26,615m. Intermediate and other merchandise goods fell $383m (4%) and non-monetary gold fell $130m (24%). Consumption goods rose $107m (2%) and capital goods rose $10m. Services debits rose $50m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2012 5 November 2012
October 2012 7 December 2012
November 2012 8 January 2013
December 2012 5 February 2013
January 2013 7 March 2013
February 2013 3 April 2013



REVISIONS

Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication:
  • on an international merchandise trade basis, exports and imports have been revised back to February 2012
  • on a balance of payments basis, goods and services have been revised back to July 2008.

Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms. In original terms, the revisions have:
  • decreased the surplus on goods and services for 2008-09 by $1,213m
  • increased the deficit on goods and services for 2009-10 by $1,141m
  • increased the surplus on goods and services for 2010-11 by $140m
  • increased the surplus on goods and services for 2011-12 by $64m
  • increased the deficit on goods and services for July 2012 by $1,027m.

Revisions to 2011-12 predominantly include updated merchandise trade data for the previous six months to February 2012 in line with the standard revision policy. Revisions to 2008-09 to 2010-11 include updated source data and improved methodology. Significant revisions to individual months of the Fuels and lubricants component on a balance of payments basis reflect a timing adjustment using month of arrival data.


CHANGES IN THIS ISSUE

The seasonally adjusted and trend estimates of goods and services on a balance of payments basis have been revised as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the monthly processing cycle and assesses the appropriateness of any prior corrections.


VALUE ADJUSTMENTS

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

See the Value adjustment section for details.


INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Lee Taylor on Canberra (02) 6252 6377 for Services.


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.