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5368.0 - International Trade in Goods and Services, Australia, Dec 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/02/2013   
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DECEMBER KEY FIGURES

Oct 2012
Nov 2012
Dec 2012
Nov 12 to Dec 12
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-1 843
-1 718
-1 534
11
Seasonally adjusted
-1 866
-2 788
-427
85
CREDITS (Exports of goods & services)
Trend estimates
24 492
24 541
24 674
1
Seasonally adjusted
24 405
24 733
25 381
3
DEBITS (Imports of goods & services)
Trend estimates
26 335
26 259
26 208
-
Seasonally adjusted
26 271
27 521
25 808
-6

- 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



DECEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $1,534m in December 2012, a fall of $184m (11%) on the deficit in November 2012.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $427m in December 2012, a fall of $2,361m (85%) on the deficit in November 2012.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $648m (3%) to $25,381m. Non-rural goods rose $1,043m (7%). Non-monetary gold fell $274m (18%), rural goods fell $44m (1%) and net exports of goods under merchanting fell $1m (17%). Services credits fell $76m (2%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $1,713m (6%) to $25,808m. Capital goods fell $1,196m (19%), intermediate and other merchandise goods fell $373m (4%) and consumption goods fell $91m (2%). Non-monetary gold rose $11m (3%). Services debits fell $64m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2013 7 March 2013
February 2013 3 April 2013
March 2013 7 May 2013
April 2013 6 June 2013
May 2013 3 July 2013
June 2013 6 August 2013



REVISIONS

Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication:
  • on an international merchandise trade basis, exports and imports have been revised back to June 2012
  • on a balance of payments basis, goods credits have been revised back to June 2012, goods debits and services debits to July 2011, and services credits to November 2012.

Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms, since the last issue of this publication. In original terms, the revisions have:
  • decreased the surplus on goods and services for 2011-12 by $685m
  • increased the deficit on goods and services for the five months to November 2012 by $71m.


CHANGES IN FORTHCOMING ISSUES
  • Change to the composition of the Euro area category
  • Change to restriction on exports of aluminium oxide or alumina
  • AHECC and Customs Tariff
  • Amendment to schedule 4 of Customs tariff
  • New preference scheme code and amendments to labels.

See the Changes in forthcoming issues section for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'metal ores and minerals' and 'capital goods n.e.s.' components in the balance of payments series.

See the Value adjustments section for details.


INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Lee Taylor on Canberra (02) 6252 6377 for Services.


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