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5368.0 - International Trade in Goods and Services, Australia, Nov 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/01/2014   
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NOVEMBER KEY FIGURES

Sep 2013
Oct 2013
Nov 2013
Oct 13 to Nov 13
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-681
-494
-350
29
Seasonally adjusted
-601
-358
-118
67
CREDITS (Exports of goods and services)
Trend estimates
27 021
27 241
27 384
1
Seasonally adjusted
27 071
27 283
27 377
-
DEBITS (Imports of goods and services)
Trend estimates
27 703
27 736
27 733
-
Seasonally adjusted
27 672
27 641
27 495
-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



NOVEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $350m in November 2013, a decrease of $144m (29%) on the deficit in October 2013.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $118m in November 2013, a decrease of $240m (67%) on the deficit in October 2013.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $94m to $27,377m. Non-rural goods rose $93m (1%) and rural goods rose $18m (1%). Net exports of goods under merchanting remained steady at $44m. Non-monetary gold fell $61m (4%). Services credits rose $45m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $146m (1%) to $27,495m. Consumption goods fell $127m (2%) and non-monetary gold fell $42m (12%). Intermediate and other merchandise goods remained steady at $9,632m. Capital goods rose $70m (1%). Services debits fell $48m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
December 2013 6 February 2014
January 2014 6 March 2014
February 2014 3 April 2014
March 2014 6 May 2014
April 2014 5 June 2014
May 2014 2 July 2014



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 May 2013
  • on a balance of payments basis, goods credits and debits have been revised back to April 2013, 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:
  • increased the deficit on goods and services for 2012-13 by $378m
  • increased the deficit on goods and services for the four months to October 2013 by $445m.


CHANGES FORTHCOMING ISSUES
  • Changes to export and import statistical codes.

See the Changes in 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.


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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