5368.0 - International Trade in Goods and Services, Australia, Mar 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/05/2016   
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MARCH KEY FIGURES

Jan 2016
Feb 2016
Mar 2016
Feb 16 to Mar 16
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-3 316
-3 086
-2 836
8
Seasonally adjusted
-3 270
-3 044
-2 163
29
CREDITS (Exports of goods & services)
Trend estimates
25 638
25 615
25 628
-
Seasonally adjusted
25 521
25 445
26 529
4
DEBITS (Imports of goods & services)
Trend estimates
28 955
28 700
28 465
-1
Seasonally adjusted
28 791
28 489
28 692
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



MARCH KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $2,836m in March 2016, a decrease of $250m (8%) on the deficit in February 2016.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,163m in March 2016, a decrease of $881m (29%) on the deficit in February 2016.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $1,084m (4%) to $26,529m. Non-monetary gold rose $659m (58%) and non-rural goods rose $356m (2%). Rural goods fell $85m (2%) and net exports of goods under merchanting fell $1m (3%). Services credits rose $155m (3%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $203m (1%) to $28,692m. Non-monetary gold rose $122m (33%), capital goods rose $94m (2%) and intermediate and other merchandise goods rose $50m (1%). Consumption goods fell $177m (2%). Services debits rose $114m (2%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
April 2016 2 June 2016
May 2016 5 July 2016
June 2016 2 August 2016
July 2016 8 September 2016
August 2016 6 October 2016
September 2016 3 November 2016



PRIVACY

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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 62525540 for Goods, and International Trade in Services on Hobart (03) 6222 5706 for Services.