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5368.0 - International Trade in Goods and Services, Australia, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/11/2013   
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SEPTEMBER KEY FIGURES

Jul 2013
Aug 2013
Sep 2013
Aug 13 to Sep 13
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-744
-727
-678
7
Seasonally adjusted
-1 413
-693
-284
59
CREDITS (Exports of goods and services)
Trend estimates
26 581
26 845
27 095
1
Seasonally adjusted
26 272
27 185
27 309
-
DEBITS (Imports of goods and services)
Trend estimates
27 325
27 571
27 773
1
Seasonally adjusted
27 685
27 878
27 593
-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



SEPTEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $678m in September 2013, a decrease of $49m (7%) on the deficit in August 2013.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $284m in September 2013, a decrease of $409m (59%) on the deficit in August 2013.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $124m to $27,309m. Non-rural goods rose $206m (1%). Rural goods fell $88m (3%), net exports of goods under merchanting fell $1m (3%) and non-monetary gold fell $1m. Services credits rose $8m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $285m (1%) to $27,593m. Consumption goods fell $213m (3%), capital goods fell $160m (3%) and non-monetary gold fell $148m (29%). Intermediate and other merchandise goods rose $215m (2%). Services debits rose $21m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2013 5 December 2013
November 2013 7 January 2014
December 2013 6 February 2014
January 2014 6 March 2014
February 2014 3 April 2014
March 2014 6 May 2014



REVISIONS

Revisions have been made to incorporate the latest data relating to international trade in goods and services:
  • on an international merchandise trade basis, exports and imports of goods have been revised back to March 2013
  • on a balance of payments basis revisions have been applied to:
      • goods credits back to July 2012
      • goods debits back to March 2013
      • services credits back to June 2013
      • services debits back to July 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:
  • increased the deficit on goods and services for 2012-13 by $303m
  • increased the deficit on goods and services for the two months to August 2013 by $148m.


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.


RELATED RELEASES

TRADE IN SERVICES DATA CUBES

The data cubes International Trade in Services by Country, by State and by Detailed Services Category, Financial Year, 2012-13 (cat no. 5368.0.55.003) will be released on 19 November 2013 and will be accessible on the ABS website <www.abs.gov.au>.


INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Ryan Oswin on Hobart (03) 6222 5898 for Services.


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