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, Nov 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/01/2009   
   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 for November 2008 was a surplus of $2,073m, an increase of $355m (21%) on the revised surplus in October 2008.

In seasonally adjusted terms, the balance on goods and services in November 2008 was a surplus of $1,448m, a decrease of $1,512m (51%) on the revised surplus in October 2008.


EXPORTS OF GOODS AND SERVICES

The trend estimate of goods and services credits rose $677m (3%) between October and November to $27,339m.

In seasonally adjusted terms, goods and services credits fell $1,002m (4%) to $26,932m. Non-rural goods fell $787m (4%), other goods fell $190m (11%) and rural goods fell $38m (1%). Services credits rose $13m.


Exports of goods

GOODS CREDITS
Graph: Goods Credits


RURAL GOODS

In trend terms, exports of rural goods rose $55m (2%) to $2,463m.

In seasonally adjusted terms, exports of rural goods fell $38m (1%) to $2,505m.

The main components contributing to the fall in the seasonally adjusted estimates were:
  • meat and meat preparations, down $50m (7%)
  • cereal grains and cereal preparations, down $41m (8%).

Partly offsetting these decreases was the other rural component, up $74m (7%).

In original terms, exports of rural goods fell $125m (5%) to $2,555m.

NON-RURAL GOODS

In trend terms, exports of non-rural goods rose $553m (3%) to $18,549m.

In seasonally adjusted terms, exports of non-rural goods fell $787m (4%) to $18,172m.

The main components contributing to the fall in seasonally adjusted estimates were:
  • metal ores and minerals, down $654m (13%)
  • transport equipment, down $128m (21%)
  • coal, coke and briquettes, down $110m (2%).

Partly offsetting these decreases was the machinery component, up $73m (9%).

In original terms, non-agglomerated iron ore decreased $942m (26%) with volumes down 24% and prices down 3%. Metallurgical coal decreased $410m (9%) with volumes down 15% and prices up 8%.

In original terms, exports of non-rural goods fell $1,830m (9%) to $18,089m.

OTHER GOODS

In trend terms, exports of other goods rose $74m (4%) to $1,720m.

In seasonally adjusted terms, other goods fell $190m (11%) to $1,611m.

The main components contributing to the fall in seasonally adjusted estimates were:
  • non-monetary gold, down $142m (9%)
  • goods for processing, down $48m (48%).

In original terms, exports of other goods fell $196m (11%) to $1,613m.


Exports of services
SERVICES CREDITS
Graph: Services Credits


In trend terms, services credits fell $5m to $4,607m.

In seasonally adjusted terms, services credits rose $13m to $4,644m.

Components contributing to the rise in the seasonally adjusted estimates were:
  • other services, up $9m (1%)
  • transportation services, up $5m (1%).

In seasonally adjusted terms, tourism related services credits rose $2m to $2,819m.


IMPORTS OF GOODS AND SERVICES

The trend estimate of goods and services debits rose $322m (1%) between October and November to $25,266m.

In seasonally adjusted terms, goods and services debits rose $510m (2%) to $25,484m. Other goods rose $728m (67%) and consumption goods rose $124m (2%), while intermediate and other merchandise goods fell $393m (4%). Services debits rose $56m (1%).


Imports of goods
GOODS DEBITS
Graph: GOODS DEBITS


CONSUMPTION GOODS

In trend terms, imports of consumption goods rose $46m (1%) to $5,257m.

In seasonally adjusted terms, imports of consumption goods rose $124m (2%) to $5,370m.

The main components contributing to the rise in the seasonally adjusted estimates were:
  • consumption goods n.e.s., up $95m (6%)
  • textiles, clothing and footwear, up $36m (5%).

Partly offsetting these increases was the non-industrial transport equipment component, down $31m (2%).

In original terms, imports of consumption goods fell $341m (6%) to $5,793m.

CAPITAL GOODS

In trend terms, imports of capital goods rose $38m (1%) to $4,412m.

In seasonally adjusted terms, imports of capital goods fell $5m to $4,338m.

The main components contributing to the fall in the seasonally adjusted estimates were:
  • ADP equipment, down $72m (9%)
  • industrial transport equipment n.e.s., down $39m (6%).

Offsetting these decreases were:
  • civil aircraft, up $80m (43%)
  • machinery and industrial equipment, up $49m (3%).

In original terms, imports of capital goods fell $58m (1%) to $4,588m.

INTERMEDIATE AND OTHER MERCHANDISE GOODS

In trend terms, imports of intermediate and other merchandise goods rose $108m (1%) to $9,528m.

In seasonally adjusted terms, imports of intermediate and other merchandise goods fell $393m (4%) to $9,299m.

The main component contributing to the fall in the seasonally adjusted estimates was fuels and lubricants, down $791m (24%).

Partly offsetting this decrease were:
  • processed industrial supplies n.e.s., up $171m (8%)
  • other parts for capital goods, up $127m (11%)
  • primary industrial supplies n.e.s., up $72m (40%)
  • organic and inorganic chemicals, up $51m (10%).

In original terms, crude petroleum decreased $411m (26%) with volumes down 21% and prices down 6%. Refined petroleum oils decreased $447m (27%) with volumes down 21% and prices down 7%. Contributing to the decrease in refined petroleum oils were:
  • gasoline, down $463m (73%) with volumes down 69% and prices down 13%
  • jet fuel, down $83m (57%) with volumes down 48% and prices down 17%.

Partly offsetting these decreases was diesel, up $115m (17%), with volumes up 22% and prices down 4%.

In original terms, imports of intermediate and other merchandise goods fell $1,082m (11%) to $9,183m.

OTHER GOODS

In trend terms, imports of other goods rose $104m (8%) to $1,446m.

In both original terms and seasonally adjusted terms, other goods debits rose $728m (67%) to $1,813m. The main components contributing to this increase were non-monetary gold, up $565m (67%) and goods for processing, up $156m.


Imports of services
SERVICES DEBITS
Graph: SERVICES DEBITS


In trend terms, services debits rose $27m (1%) to $4,624m.

In seasonally adjusted terms, services debits rose $56m (1%) to $4,664m.

All components contributed to the rise in the seasonally adjusted estimates with:
  • transportation services, up $36m (2%), driven by freight transportation services, up $31m (3%)
  • other services, up $18m (1%).

In seasonally adjusted terms, tourism related services debits rose $7m to $2,137m.


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.