5368.0 - International Trade in Goods and Services, Australia, Jul 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2008
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JULY KEY POINTS
BALANCE ON GOODS AND SERVICES
CREDITS (EXPORTS OF GOODS & SERVICES)
DEBITS (IMPORTS OF GOODS & SERVICES)
Revisions were made to the previous six months to incorporate the latest available data relating to merchandise trade.
Major changes have been made to the product classifications used to present goods statistics on both a Balance of Payments and a Recorded trade basis in this publication and for related time series spreadsheets. International merchandise trade exports and imports data on a Recorded trade basis have been revised back to July 2005 to incorporate the introduction of the Standard International Trade Classification Revision 4 (SITC Rev 4) and the update to correspondences used to compile related commodity statistics. This has resulted in a break in some series between June and July 2005. However, these changes do not impact on Total exports and imports or on exports and imports by country or state.
Related to these changes to Recorded trade statistics, international trade in goods credits (exports) and debits (imports) on a Balance of Payments basis have been revised back to July 1993 to incorporate updated correspondences for the Balance of Payments commodity classifications.
In addition, monthly data for passenger and other transportation services has been split into 'passenger transportation' and 'other transportation' services. Passenger transportation services includes agency fees and commission receipts for air transport. The new series are available from July 1993 on a monthly basis and September 1993 on a quarterly basis.
The product classification changes do not impact on total goods or services credits and debits. For more details about these revisions refer to Changes in this issue.
The seasonally adjusted and trend estimates have been revised due to the use of concurrent seasonal adjustment (see paragraph 8 in the Explanatory Notes) and the annual seasonal reanalysis (see Changes in this issue).
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for goods, and Karen McGuigan on Canberra (02) 6252 5415 for services.
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