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, May 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/07/2007   
   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 May 2007 was a deficit of $1,023m, a decrease of $19m on the deficit in April.


In seasonally adjusted terms, the balance on goods and services in May 2007 was a deficit of $807m, a decrease of $109m on the deficit in April.



EXPORTS OF GOODS AND SERVICES

The trend estimate of goods and services credits rose $102m (1%) between April and May to $18,402m.


In seasonally adjusted terms, goods and services credits rose $545m (3%) to $18,727m. Non-rural goods rose $348m (3%), other goods rose $155m (15%) and rural goods rose $1m. Services credits rose $43m (1%).


Exports of goods

GOODS CREDITS
Graph: Goods Credits



RURAL GOODS

The trend estimate of rural goods exports fell $22m (1%) to $1,980m.


In seasonally adjusted terms, exports of rural goods rose $1m to $1,983m.


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

  • other rural, up $17m (2%)
  • wool and sheepskins, up $6m (2%)
  • cereal grains and cereal preparations, up $4m (1%).

Offsetting these effects was the meat and meat preparations component, down $26m (5%).


In original terms, exports of rural goods rose $183m (9%) to $2,110m.


NON-RURAL GOODS

The trend estimate of non-rural goods exports rose $65m (1%) to $11,294m.


In seasonally adjusted terms, exports of non-rural goods rose $348m (3%) to $11,524m.


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

  • coal, coke and briquettes, up $138m (8%)
  • other manufactures, up $137m (11%)
  • metal ores and minerals, up $81m (3%)
  • transport equipment, up $51m (13%).

Partly offsetting these effects was the other mineral fuels component, down $143m (10%).


In original terms, exports of non-rural goods rose $711m (7%) to $11,612m.


OTHER GOODS

The trend estimate of other goods exports rose $37m (3%) to $1,136m.


In seasonally adjusted terms, exports of other goods rose $155m (15%) to $1,215m.


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

  • non-monetary gold, up $113m (12%)
  • goods for processing, up $46m.

In original terms, exports of other goods rose $165m (16%) to $1,216m.


Exports of services

SERVICES CREDITS
Graph: Services Credits



In trend terms, services credits rose $22m (1%) to $3,992m.


Seasonally adjusted, services credits rose $43m (1%) to $4,006m.


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

  • travel services, up $23m (1%)
  • transportation services, up $17m (2%)
  • other services, up $3m.

Seasonally adjusted, tourism related services credits rose $18m (1%) to $2,569m. 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 $83m between April and May to $19,425m.


In seasonally adjusted terms, goods and services debits rose $437m (2%) to $19,534m. Capital goods rose $417m (13%) and intermediate and other merchandise goods rose $125m (2%) while consumption goods fell $73m (2%) and other goods fell $45m (7%). Services debits rose $13m.


Imports of goods

GOODS DEBITS
Graph: Goods Debits



CONSUMPTION GOODS

The trend estimate of imports of consumption goods fell $20m to $4,663m.


In seasonally adjusted terms, imports of consumption goods fell $73m (2%) to $4,586m.


The main component contributing to the fall in the seasonally adjusted estimates was non-industrial transport equipment, down $195m (14%).


Partly offsetting this effect were:

  • consumption goods n.e.s., up $75m (5%)
  • household electrical items, up $40m (11%).

In original terms, imports of consumption goods rose $90m (2%) to $4,417m.


CAPITAL GOODS

The trend estimate of imports of capital goods rose $15m to $3,556m.


In seasonally adjusted terms, imports of capital goods rose $417m (13%) to $3,735m.


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

  • civil aircraft, up $375m
  • industrial transport equipment n.e.s., up $92m (18%).

Partly offsetting these effects was the machinery and industrial equipment component, down $89m (7%).


In original terms, imports of capital goods rose $598m (19%) to $3,814m.


INTERMEDIATE AND OTHER MERCHANDISE GOODS

The trend estimate of imports of intermediate and other merchandise goods rose $65m (1%) to $6,893m.


In seasonally adjusted terms, imports of intermediate and other merchandise goods rose $125m (2%) to $6,915m.


The main component contributing to the rise in the seasonally adjusted estimates was fuels and lubricants, up $318m (18%), with volumes of crude oil imports up 16% and prices up 1%.


Partly offsetting this effect were:

  • processed industrial supplies, down $70m (4%)
  • primary industrial supplies n.e.s., down $65m (41%)
  • iron and steel, down $31m (9%).

In original terms, intermediate and other merchandise goods rose $416m (6%) to $7,045m.


OTHER GOODS

The trend estimate of imports of other goods rose $15m (3%) to $595m.


In both original and seasonally adjusted terms, other goods debits fell $45m (7%) to $559m.


The main component contributing to the fall in these estimates was non-monetary gold, down $47m (10%).


Imports of services

SERVICES DEBITS
Graph: Services Debits



In trend terms, services debits rose $8m to $3,718m.


Seasonally adjusted, services debits rose $13m to $3,739m.


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

  • travel services, up $8m (1%)
  • transportation services, up $3m
  • other services, up $2m.

Seasonally adjusted, tourism related services debits fell $17m (1%) to $1,948m. 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.