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5368.0 - International Trade in Goods and Services, Australia, Jan 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/03/2013   
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JANUARY KEY FIGURES

Nov 2012
Dec 2012
Jan 2013
Dec 12 to Jan 13
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
–1 707
–1 509
–1 270
16
Seasonally adjusted
–2 366
–688
–1 057
–54
CREDITS (Exports of goods & services)
Trend estimates
24 580
24 734
24 931
1
Seasonally adjusted
24 693
25 208
25 023
–1
DEBITS (Imports of goods & services)
Trend estimates
26 287
26 243
26 200
Seasonally adjusted
27 059
25 896
26 081
1

– nil or rounded to zero (including null cells)

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



JANUARY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $1,270m in January 2013, a fall of $239m (16%) on the deficit in December 2012.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $1,057m in January 2013, a rise of $369m (54%) on the deficit in December 2012.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $185m (1%) to $25,023m. Non-rural goods fell $424m (3%) and rural goods fell $81m (3%). Non-monetary gold rose $211m (17%) and net exports of goods under merchanting rose $10m (200%). Services credits rose $98m (2%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $185m (1%) to $26,081m. Capital goods rose $292m (5%) and consumption goods rose $166m (3%). Intermediate and other merchandise goods fell $258m (3%) and non-monetary gold fell $6m (2%). Services debits fell $10m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2013 3 April 2013
March 2013 7 May 2013
April 2013 6 June 2013
May 2013 3 July 2013
June 2013 6 August 2013
July 2013 5 September 2013



REVISIONS

Since the previous issue of this publication revisions have been made to align with the data published in the December quarter 2012 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 July 2012. On a balance of payments basis goods and services have been revised back to January 2012.

See the Revisions section for details.


CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:
  • Change to the composition of the Euro area category
  • Change to restriction on exports of aluminium oxide or alumina
  • AHECC and Customs Tariff
  • New preference scheme code and amendments to labels.

Changes in forthcoming issues:
  • Amendment to schedule 4 of Customs tariff.

See the Changes in this and forthcoming issues section for details.


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 adjustments section for details.


RELATED RELEASE

The Information Paper: Amendments to Schedule 4 of Customs Tariff (cat. no. 5368.0.55.019) will be released on 19 March 2013. It includes information on new treatment codes, commodity codes and a correspondence between the ceasing codes and the replacement codes.


INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Lauren Binns on Hobart (03) 6222 5926 for Services.


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