5368.0 - International Trade in Goods and Services, Australia, Jul 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2017   
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JULY KEY FIGURES

May 2017
Jun 2017
Jul 2017
Jun 17 to Jul 17
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
1 449
1 018
768
-25
Seasonally adjusted
1 951
888
460
-48
CREDITS (Exports of goods & services)
Trend estimates
31 925
31 679
31 554
-
Seasonally adjusted
32 189
31 780
31 071
-2
DEBITS (Imports of goods & services)
Trend estimates
30 476
30 661
30 786
-
Seasonally adjusted
30 239
30 892
30 611
-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



JULY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $768m in July 2017, a decrease of $250m on the surplus in June 2017.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $460m in July 2017, a decrease of $428m on the surplus in June 2017.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $709m (2%) to $31,071m. Non-rural goods fell $631m (3%), non-monetary gold fell $330m (17%) and net exports of goods under merchanting fell $4m (15%). Rural goods rose $97m (2%). Services credits rose $159m (3%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $281m (1%) to $30,611m. Consumption goods fell $139m (2%), non-monetary gold fell $92m (17%), intermediate and other merchandise goods fell $77m (1%) and capital goods fell $27m. Services debits rose $54m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2017 5 October 2017
September 2017 2 November 2017
October 2017 7 December 2017
November 2017 5 January 2018
December 2017 6 February 2018
January 2018 8 March 2018



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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 62525540 for Goods, and International Trade in Services on Hobart (03) 6222 5706 for Services.