Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5368.0 - International Trade in Goods and Services, Australia, Jul 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/08/2007   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

ANALYSIS AND COMMENTS


BALANCE ON GOODS AND SERVICES

The trend estimate of the balance on goods and services in July 2007 was a deficit of $1,193m, a decrease of $3m on the revised deficit in June.


In seasonally adjusted terms, the balance on goods and services in July 2007 was a deficit of $756m, a decrease of $981m on the revised deficit in June.



EXPORTS OF GOODS AND SERVICES

The trend estimate of goods and services credits rose $5m between June and July to $18,248m.


In seasonally adjusted terms, goods and services credits rose $408m (2%) to $18,361m. Non-rural goods rose $481m (4%) and rural goods rose $61m (3%) while other goods fell $134m (10%). Services credits fell $1m.



Exports of goods

GOODS CREDITS
Graph: Goods Credits



RURAL GOODS

The trend estimate of rural goods exports fell $25m (1%) to $1,892m.


In seasonally adjusted terms, exports of rural goods rose $61m (3%) to $1,921m.


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

  • cereal grains and cereal preparations, up $136m (57%), largely on increased volumes
  • meat and meat preparations, up $8m (2%).

Partly offsetting these effects were:
  • wool and sheepskins, down $57m (21%)
  • other rural, down $26m (3%).

In original terms, exports of rural goods fell $9m to $1,917m.


NON-RURAL GOODS

The trend estimate of non-rural goods exports fell $15m to $11,110m.


In seasonally adjusted terms, exports of non-rural goods rose $481m (4%) to $11,261m.


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

  • metals (excluding non-monetary gold), up $294m (28%)
  • metal ores and minerals, up $181m (6%)
  • transport equipment, up $113m (29%)
  • other non-rural, up $58m (4%)
  • other manufactures, up $49m (4%).

Partly offsetting these effects were:
  • coal, coke and briquettes, down $111m (6%)
  • other mineral fuels, down $107m (8%).

In original terms, exports of non-rural goods rose $571m (5%) to $11,475m.


Movements in the original series contributing to the rise in seasonally adjusted terms were:


Metals (excluding non-monetary gold), up $222m (20%), of which:

  • aluminium, up $150m (35%), with volumes up 42% and prices down 5%
  • zinc, up $85m (87%), with volumes up 104% and prices down 8%
  • lead, up $83m (173%), with volumes up 138% and prices up 15%.

Metal ores and minerals, up $317m (11%), of which:
  • copper ore, up $201m (71%) with volumes up 89% and prices down 10%
  • uranium, up $93m (152%) with volumes up 21% and prices up 108%.

Coal, coke and briquettes, down $125m (7%), driven by high rank coal, down $175m (20%), with volumes down 9% and prices down 12%, partly offset by semi-soft coking coal, up $27m (8%), with volumes up 14% and prices down 5%. Export volumes of high rank coal have been affected by restricted operations at Queensland coal loading terminals due to upgrade and expansion construction activity.


OTHER GOODS

The trend estimate of other goods exports rose $30m (3%) to $1,224m.


In seasonally adjusted terms, exports of other goods fell $134m (10%) to $1,159m.


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

  • non-monetary gold, down $113m (10%)
  • goods for processing, down $20m (47%).

In original terms, exports of other goods fell $141m (11%) to $1,157m.



Exports of services

SERVICES CREDITS
Graph: Services Credits



In trend terms, services credits rose $14m to $4,022m.


Seasonally adjusted, services credits fell $1m to $4,019m.


The component contributing to the fall in the seasonally adjusted estimates was travel services, down $20m (1%).


Offsetting this effect were:

  • transportation services, up $10m (1%)
  • other services, up $9m (1%).

Seasonally adjusted, tourism related services credits fell $21m (1%) to $2,574m. 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 rose $3m between June and July to $19,442m.


In seasonally adjusted terms, goods and services debits fell $572m (3%) to $19,118m. Capital goods fell $342m (10%), intermediate and other merchandise goods fell $213m (3%) and consumption goods fell $22m. Services debits rose $4m.



Imports of goods

GOODS DEBITS
Graph: Goods Debits



CONSUMPTION GOODS

The trend estimate of imports of consumption goods fell $37m (1%) to $4,548m.


In seasonally adjusted terms, imports of consumption goods fell $22m to $4,547m.


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

  • consumption goods n.e.s., down $37m (2%)
  • toys, books and leisure goods, down $32m (9%)
  • textiles, clothing and footwear, down $16m (3%).

Partly offsetting these effects was the food and beverages, mainly for consumption component, up $58m (10%).


In original terms, imports of consumption goods rose $305m (7%) to $4,648m.


CAPITAL GOODS

The trend estimate of imports of capital goods fell $36m (1%) to $3,401m.


In seasonally adjusted terms, imports of capital goods fell $342m (10%) to $3,178m.


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

  • civil aircraft, down $252m
  • industrial transport equipment n.e.s., down $50m (9%)
  • telecommunications equipment, down $33m (7%).

In original terms, imports of capital goods fell $497m (13%) to $3,245m.


INTERMEDIATE AND OTHER MERCHANDISE GOODS

The trend estimate of imports of intermediate and other merchandise goods rose $10m to $6,881m.


In seasonally adjusted terms, imports of intermediate and other merchandise goods fell $213m (3%) to $6,717m.


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

  • fuels and lubricants, down $172m (9%), driven by motor spirit, down $105m (51%), on reduced volumes
  • other merchandise goods, down $96m (52%)
  • parts for transport equipment, down $27m (4%).

Partly offsetting these effects were:
  • organic and inorganic chemicals, up $57m (17%)
  • primary industrial supplies n.e.s., up $26m (20%).

In original terms, intermediate and other merchandise goods rose $16m to $6,746m.


OTHER GOODS

The trend estimate of imports of other goods rose $53m (7%) to $778m.


In both original and seasonally adjusted terms, other goods debits remained unchanged at $849m.


There were minor offsetting movements in the components that comprise other goods.



Imports of services

SERVICES DEBITS
Graph: Services Debits



In trend terms, services debits rose $12m to $3,833m.


Seasonally adjusted, services debits rose $4m to $3,826m.


The component that contributed to the rise in the seasonally adjusted estimates was other services, up $18m (2%).


Partly offsetting this effect were:

  • transportation services, down $9m (1%)
  • travel services, down $5m.

Seasonally adjusted, tourism related services debits fell $36m (2%) to $1,974m. This series is seasonally adjusted independently to the series that comprise services debits.

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.