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5368.0 - International Trade in Goods and Services, Australia, Mar 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/05/2013   
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MARCH KEY FIGURES

Jan 2013
Feb 2013
Mar 2013
Feb 13 to Mar 13
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
–793
–367
12
. .
Seasonally adjusted
–1 142
–111
307
. .
CREDITS (Exports of goods and services)
Trend estimates
25 109
25 391
25 632
1
Seasonally adjusted
24 805
25 598
25 746
1
DEBITS (Imports of goods and services)
Trend estimates
25 902
25 758
25 619
–1
Seasonally adjusted
25 947
25 709
25 439
–1

. . not applicable

Balance on Goods and Services
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series



MARCH KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $12m in March 2013, a turnaround of $379m on the deficit in February 2013.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $307m in March 2013, a turnaround of $418m on the deficit in February 2013.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $148m (1%) to $25,746m. Non-rural goods rose $215m (1%) and rural goods rose $27m (1%). Net exports of goods under merchanting remained steady at $19m. Non-monetary gold fell $114m (9%). Services credits rose $21m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $270m (1%) to $25,439m. Capital goods fell $574m (11%). Intermediate and other merchandise goods rose $298m (3%), non-monetary gold rose $28m (8%) and consumption goods rose $6m. Services debits fell $27m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
April 2013 6 June 2013
May 2013 3 July 2013
June 2013 6 August 2013
July 2013 5 September 2013
August 2013 2 October 2013
September 2013 6 November 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 September 2012
  • on a balance of payments basis, goods debits and credits have been revised back to July 2011, and services credits and 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:
  • decreased the surplus on goods and services for 2011–12 by $52m
  • increased the deficit on goods and services for the eight months to February 2013 by $139m.


CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:
  • Amendment to Schedule 4 of Customs Tariff
  • Changes to country and port names presented on a country basis.

Changes in forthcoming issues:
  • Changes to country groupings.

See the Changes in this and 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.


RELATED RELEASES

See the Related releases section for details.



INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Lauren Binns on Hobart (03) 6222 5926 for Services.


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