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5368.0 - International Trade in Goods and Services, Australia, Apr 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2007   
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ANALYSIS AND COMMENTS


BALANCE ON GOODS AND SERVICES

The trend estimate of the balance on goods and services in April 2007 was a deficit of $1,104m, a decrease of $6m on the deficit in March.


In seasonally adjusted terms, the balance on goods and services in April 2007 was a deficit of $962m, a decrease of $666m on the deficit in March.



EXPORTS OF GOODS AND SERVICES

The trend estimate of goods and services credits fell $3m between March and April to $18,141m.


In seasonally adjusted terms, goods and services credits rose $263m (1%) to $18,079m. Non-rural goods rose $232m (2%) and other goods rose $69m (7%), while rural goods fell $58m (3%). Services credits rose $20m (1%).


Exports of goods

GOODS CREDITS
Graph: Goods Credits



RURAL GOODS

The trend estimate of rural goods exports fell $19m (1%) to $2,028m.


In seasonally adjusted terms, exports of rural goods fell $58m (3%) to $2,017m.


The main components contributing to the fall in the seasonally adjusted series were:

  • other rural, down $42m (5%)
  • meat and meat preparations, down $24m (4%).

Partly offsetting these effects was cereal grains and cereal preparations, up $12m (4%).


In original terms, exports of rural goods fell $200m (9%) to $1,975m.


NON-RURAL GOODS

The trend estimate of non-rural goods exports fell $10m to $11,125m.


In seasonally adjusted terms, exports of non-rural goods rose $232m (2%) to $11,066m.


The main components contributing to the rise in the seasonally adjusted series were:

  • metal ores and minerals, up $296m (11%)
  • other non-rural, up $87m (7%)
  • other mineral fuels, up $65m (5%)
  • metals (excl. non-monetary gold), up $31m (2%).

Partly offsetting these effects were:
  • other manufactures, down $215m (14%)
  • coal, coke and briquettes, down $52m (3%).

In original terms, exports of non-rural goods rose $111m (1%) to $10,936m.


OTHER GOODS

The trend estimate of other goods exports rose $11m (1%) to $1,056m.


In seasonally adjusted terms, exports of other goods rose $69m (7%) to $1,061m.


The main component contributing to the rise in the seasonally adjusted series was non-monetary gold, up $121m (15%) partly offset by goods for processing, down $52m (85%).


In original terms, exports of other goods rose $63m (6%) to $1,051m.


Exports of services

SERVICES CREDITS
Graph: Services Credits



In trend terms, services credits rose $15m to $3,933m.


Seasonally adjusted, services credits rose $20m (1%) to $3,935m.


All components contributed to the rise in the seasonally adjusted estimates with:

  • other services, up $8m (1%)
  • travel services, up $8m
  • transportation services, up $5m (1%).

Seasonally adjusted, tourism related services credits rose $12m to $2,524m. This series is seasonally adjusted independently to the series that comprise services credits.



IMPORTS OF GOODS AND SERVICES

The trend estimate of goods and services debits fell $8m between March and April to $19,246m.


In seasonally adjusted terms, goods and services debits fell $403m (2%) to $19,041m. Capital goods fell $247m (7%), intermediate and other merchandise goods fell $231m (3%), and consumption goods fell $25m (1%) while other goods rose $86m (17%). Services debits rose $15m.


Imports of goods

GOODS DEBITS
Graph: Goods Debits



CONSUMPTION GOODS

The trend estimate of imports of consumption goods fell $11m to $4,718m.


In seasonally adjusted terms, imports of consumption goods fell $25m (1%) to $4,646m.


The main components contributing to the fall in the seasonally adjusted estimates were:

  • food and beverages, mainly for consumption, down $54m (8%)
  • household electrical items, down $33m (9%).

Partly offsetting these effects was non-industrial transport equipment, up $76m (6%).


In original terms, imports of consumption goods fell $81m (2%) to $4,328m.


CAPITAL GOODS

The trend estimate of imports of capital goods fell $31m (1%) to $3,481m.


In seasonally adjusted terms, imports of capital goods fell $247m (7%) to $3,322m.


The components contributing to the fall in the seasonally adjusted estimates were:

  • industrial transport equipment n.e.s., down $157m (23%)
  • ADP equipment, down $47m (8%)
  • capital goods n.e.s., down $38m (8%)
  • machinery and industrial equipment, down $34m (2%).

Partly offsetting these effects was civil aircraft, up $25m.


In original terms, imports of capital goods fell $232m (7%) to $3,216m.


INTERMEDIATE AND OTHER MERCHANDISE GOODS

The trend estimate of imports of intermediate and other merchandise goods rose $54m (1%) to $6,822m.


In seasonally adjusted terms, imports of intermediate and other merchandise goods fell $231m (3%) to $6,826m.


The main components contributing to the fall in the seasonally adjusted estimates were:

  • other merchandise goods, down $198m (71%)
  • fuels and lubricants, down $133m (7%), with volumes of crude oil imports down 14% and prices up 5%
  • iron and steel, down $27m (7%).

Partly offsetting these effects were:
  • processed industrial supplies, up $126m (9%)
  • other parts for capital goods, up $17m (2%).

In original terms, intermediate and other merchandise goods fell $545m (8%) to $6,621m.


OTHER GOODS

The trend estimate of imports of other goods fell $5m (1%) to $580m.


In both original and seasonally adjusted terms, other goods debits rose $86m (17%) to $601m.


The main component contributing to the rise in these estimates was non-monetary gold, up $203m (77%), partly offset by goods for processing, down $124m (99%).


Imports of services

SERVICES DEBITS
Graph: Services Debits



In trend terms, services debits fell $15m to $3,645m.


Seasonally adjusted, services debits rose $15m to $3,646m.


The components that contributed to the rise in the seasonally adjusted estimates were:

  • travel services, up $16m (1%)
  • other services, up $8m (1%).

Partly offsetting these effects was transportation services, down $9m (1%).


Seasonally adjusted, tourism related services debits rose $22 (1%) to $1,889m. This series is seasonally adjusted independently to the series that comprise services debits.


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