5368.0 - International Trade in Goods and Services, Australia, May 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/07/2018   
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MAY KEY FIGURES

Mar 2018
Apr 2018
May 2018
Apr 18 to May 18
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
829
973
1 056
9
Seasonally adjusted
1 141
472
827
75
CREDITS (Exports of goods & services)
Trend estimates
34 651
35 043
35 322
1
Seasonally adjusted
34 853
34 209
35 562
4
DEBITS (Imports of goods & services)
Trend estimates
33 822
34 071
34 266
1
Seasonally adjusted
33 712
33 737
34 735
3

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



MAY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $1,056m in May 2018, an increase of $83m on the surplus in April 2018.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $827m in May 2018, an increase of $355m on the surplus in April 2018.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $1,353m (4%) to $35,562m. Non-rural goods rose $938m (4%) and non-monetary gold rose $343m (22%). Rural goods fell $4m. Net exports of goods under merchanting remained steady at $4m. Services credits rose $75m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $998m (3%) to $34,735m. Consumption goods rose $471m (6%), intermediate and other merchandise goods rose $459m (4%) and non-monetary gold rose $142m (23%). Capital goods fell $98m (2%). Services debits rose $23m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2018 2 August 2018
July 2018 6 September 2018
August 2018 4 October 2018
September 2018 1 November 2018
October 2018 6 December 2018
November 2018 8 January 2019


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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for goods, and International Trade in Services at <trade.services@abs.gov.au> for services.