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5368.0 - International Trade in Goods and Services, Australia, Oct 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2007   
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10/12/2007 Note: A feature article 100 Years of International Trade Statistics was released 10 December 2007.


OCTOBER KEY FIGURES

August 2007
September 2007
October 2007
Sep 07 to Oct 07
$m
$m
$m
% change

TREND ESTIMATES

Balance on goods and services
-1 816
-2 075
-2 355
. .
Credits (exports of goods & services)
18 056
17 924
17 757
-1
Debits (imports of goods & services)
19 872
20 000
20 112
1

SEASONALLY ADJUSTED

Balance on goods and services
-1 756
-1 916
-2 983
. .
Credits (exports of goods & services)
18 606
17 850
17 235
-3
Debits (imports of goods & services)
20 362
19 766
20 219
2

. . not applicable

Balance on Goods and Services
Graph: Balance on Goods and Services



OCTOBER KEY POINTS


TREND ESTIMATES
  • The provisional trend estimate of the balance on goods and services was a deficit of $2,355m in October 2007, an increase of $280m on the revised deficit in September.
  • Goods and services credits fell $167m (1%) to $17,757m. Goods and services debits rose $112m (1%) to $20,112m.


SEASONALLY ADJUSTED ESTIMATES
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,983m in October, an increase of $1,067m on the revised deficit in September.
  • Goods and services credits fell $615m (3%) to $17,235m. Non-rural and other goods fell $545m (5%) and rural goods fell $99m (5%). Services credits rose $29m (1%).
  • Goods and services debits rose $453m (2%) to $20,219m. Intermediate and other goods rose $624m (8%), capital goods fell $191m (5%) and consumption goods fell $69m (1%). Services debits rose $89m (2%).


ORIGINAL ESTIMATES
  • In original terms, the October 2007 balance on goods and services was a deficit of $3,992m, an increase of $1,935m on the deficit in September. Goods and services credits rose $67m and goods and services debits rose $2,002m (10%).
  • In the four months to October, exports of non-rural and other goods were up $210m while rural goods were down $1,234m (14%) on the corresponding period in 2006-07.
  • In October 2007, the Australian dollar appreciated strongly against major currencies.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2007 10 January 2008
December 2007 4 February 2008
January 2008 6 March 2008
February 2008 7 April 2008
March 2008 6 May 2008
April 2008 5 June 2008



REVISIONS

Revisions were made to the merchandise trade series to incorporate the latest available data. There were no revisions to the balance of payments series in original terms. However, the seasonally adjusted and trend estimates have been revised due to the use of concurrent seasonal adjustment (see paragraph 8 in Explanatory Notes).



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Selvi Sekhar on Canberra (02) 62525540.


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