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5368.0 - International Trade in Goods and Services, Australia, Jan 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2006   
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JANUARY KEY FIGURES

November 2005
December 2005
January 2006
Dec 05 to Jan 06
$m
$m
$m
% change

Trend

Balance on goods & services
-1 830
-1 987
-2 155
. .
Credits (exports of goods & services)
15 323
15 468
15 566
1
Debits (imports of goods & services)
17 153
17 455
17 721
2

Seasonally Adjusted

Balance on goods & services
-2 443
-1 146
-2 690
. .
Credits (exports of goods & services)
15 210
16 313
15 178
-7
Debits (imports of goods & services)
17 653
17 459
17 868
2

. . not applicable

Balance on goods and services
Graph: Balance on goods and services



JANUARY KEY POINTS


TREND ESTIMATES
  • The provisional trend estimate of the balance on goods and services was a deficit of $2,155m in January 2006, an increase of $168m on the revised deficit in December.
  • Goods and services credits rose $98m (1%) to $15,566m. Goods and services debits rose $266m (2%) to $17,721m.


SEASONALLY ADJUSTED ESTIMATES
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,690m in January, an increase of $1,544m on the revised deficit in December.
  • Goods and services credits fell $1,135m (7%) to $15,178m. Non-rural and other goods fell $1,205m (11%) and rural goods rose $5m. Services credits rose $65m (2%).
  • Goods and services debits rose $409m (2%) to $17,868m. Intermediate and other goods rose $238m (4%), capital goods rose $182m (5%), while consumption goods fell $22m (1%). Services debits rose $11m.


ORIGINAL ESTIMATES
  • In original terms, the January balance on goods and services was a deficit of $3,027m, an increase of $2,790m on the deficit in December. Goods and services credits fell $2,994m (18%) and goods and services debits fell $204m (1%).
  • In the seven months to January, exports of non-rural and other goods were up $14.5b (25%) and rural goods were down $0.9b (6%) on the corresponding period in 2004-05.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2006 3 April 2006
March 2006 5 May 2006
April 2006 31 May 2006
May 2006 4 July 2006
June 2006 2 August 2006
July 2006 31 August 2006



CHANGES IN THIS ISSUE

There are no changes in this issue.



INQUIRIES

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


ANALYSIS AND COMMENTS


BALANCE ON GOODS AND SERVICES

The trend estimate of the balance on goods and services in January 2006 was a deficit of $2,155m, an increase of $168m on the deficit in December.


In seasonally adjusted terms, the balance on goods and services in January 2006 was a deficit of $2,690m, an increase of $1,544m on the deficit in December.


Exports of goods

GOODS CREDITS
Graph: Goods Credits



Rural goods

The trend estimate of rural goods exports rose $22m (1%) to $2,091m.


In seasonally adjusted terms, exports of rural goods rose $5m to $2,132m.


The movements in the seasonally adjusted components contributing to this rise were:

  • cereal grains and cereal preparations, up $15m (4%)
  • wool and sheepskins, up $15m (8%)
  • other rural goods, up $15m (2%).

Offsetting these effects were meat and meat preparations, down $40m (7%).


In original terms, exports of rural goods fell $446m (20%) to $1,800m.


Non-rural goods

The trend estimate of non-rural goods exports rose $41m to $9,557m.


In seasonally adjusted terms, exports of non-rural goods fell $991m (10%) to $9,077m.


The main movements in the seasonally adjusted components contributing to the fall were:

  • metal ores and minerals, down $656m (25%)
  • metals (excluding non-monetary gold), down $196m (19%)
  • other mineral fuels, down $79m (7%)
  • transport equipment, down $37m (9%)
  • other manufactures, down $29m (2%).

Partially offsetting these effects were coal, coke and briquettes, up $25m (1%).


In original terms, exports of non-rural goods fell $2,385m (23%) to $8,117m. The significant contributors to the fall were:

  • metal ores and minerals, down $1,008m (37%), where the largest decreases were in copper ore, down $335m (71%), with volumes down 63%, and iron ore, down $325m (29%), largely on decreased volumes
  • metals (excluding gold), down $189m (18%), with aluminium down $140m (25%), largely on reduced volumes
  • other mineral fuels, down $203m (17%), with crude oil down $238m (42%) on reduced volumes
  • transport equipment, down $351m (66%), where the largest decrease was in road vehicles, down $282m (70%).

Other goods

The trend estimate of other goods exports rose $42m (5%) to $834m.


In seasonally adjusted terms, exports of other goods fell $214m (20%) to $834m.


The main movement contributing to the fall in the seasonally adjusted estimates was non-monetary gold, down $267m, partly offset by goods for processing, up $43m.


Exports of services

SERVICES CREDITS
Graph: Services Credits



In trend terms, services credits fell $7m to $3,084m.


Seasonally adjusted, services credits rose $65m (2%) to $3,135m.


The main movements in the seasonally adjusted components contributing to this rise were:

  • travel services, up $44m (3%)
  • transportation services, up $14m (2%).

Seasonally adjusted, tourism related services credits rose $26m (1%) to $1,968m.



IMPORTS OF GOODS AND SERVICES

The trend estimate of goods and services debits rose $266m (2%) between December and January to $17,721m.


In seasonally adjusted terms, goods and services debits rose $409m (2%) to $17,868m. Capital goods rose $182m (5%), other goods rose $168m (31%), intermediate and other merchandise goods rose $70m (1%) while consumption goods fell $22m (1%). Services debits rose $11m.


Imports of goods

GOODS DEBITS
Graph: Goods Debits



Consumption goods

The trend estimate of imports of consumption goods rose $54m (1%) to $4,306m.


In seasonally adjusted terms, imports of consumption goods fell $22m (1%) to $4,302m.


The main components contributing to the fall in the seasonally adjusted estimates were:

  • non-industrial transport equipment, down $44m (4%)
  • food and beverages mainly for consumption, down $5m (1%).

Partly offsetting these effects were:
  • consumption goods n.e.s., up $16m (1%)
  • household electrical items, up $11m (3%).

In original terms, imports of consumption goods fell $320m (8%) to $3,812m.


Capital goods

The trend estimate of imports of capital goods rose $110m (3%) to $3,586m.


In seasonally adjusted terms, imports of capital goods rose $182m (5%) to $3,620m.


The main components contributing to the rise in the seasonally adjusted estimates were:

  • civil aircraft, up $180m
  • telecommunications equipment, up $94m (21%)
  • ADP equipment, up $37m (7%).

Partly offsetting these effects were:
  • industrial transport equipment n.e.s., down $109m (22%)
  • machinery and industrial equipment, down $40m (3%).

In original terms, imports of capital goods fell $152m (4%) to $3,273m.


Intermediate Goods

The trend estimate of imports of intermediate goods rose $45m (1%) to $5,971m.


In seasonally adjusted terms, intermediate goods imports rose $70m (1%) to $5,926m.


The main movements contributing to the rise in the seasonally adjusted estimates were:

  • fuel and lubricants, up $83m (5%)
  • organic and inorganic chemicals, up $29m (9%)
  • plastics, up $18m (9%)
  • primary industrial supplies n.e.s., up $17m (20%).

Partly offsetting these effects were:
  • processed industrial supplies n.e.s., down $48m (4%)
  • parts for transport equipment, down $33m (5%)
  • iron and steel, down $27m (11%).

In original terms, intermediate goods imports rose $98m (2%) to $5,801m.


Other Goods

The trend estimate of imports of other goods rose $38m (7%) to $574m.


In seasonally adjusted terms, other goods imports rose $168m (31%) to $715m.


The main contributor to the rise in the seasonally adjusted estimates was goods for processing, up $183m.


In original terms, other goods imports rose $164m (30%) to $711m.


Imports of services

SERVICES DEBITS
Graph: Services Debits



In trend terms, services debits rose $19m (1%) to $3,284m.


Seasonally adjusted, services debits rose $11m to $3,305m.


The main movement in the seasonally adjusted components contributing to this rise was transportation services, up $36m (3%).


Partly offsetting this effect was travel services, down $28m (2%).


Seasonally adjusted, tourism related services debits fell $15m (1%) to $1,739m.


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