5368.0 - International Trade in Goods and Services, Australia, May 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/07/2017   
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MAY KEY FIGURES

Mar 2017
Apr 2017
May 2017
Apr 17 to May 17
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
2 545
2 319
1 956
-16
Seasonally adjusted
2 419
90
2 471
2 646
CREDITS (Exports of goods & services)
Trend estimates
32 554
32 542
32 384
-
Seasonally adjusted
32 652
30 203
32 781
9
DEBITS (Imports of goods & services)
Trend estimates
30 008
30 223
30 428
1
Seasonally adjusted
30 233
30 113
30 310
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



MAY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $1,956m in May 2017, a decrease of $363m on the surplus in April 2017.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $2,471m in May 2017, an increase of $2,381m on the surplus in April 2017.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $2,578m (9%) to $32,781m. Non-rural goods rose $2,333m (13%), rural goods rose $118m (3%) and non-monetary gold rose $42m (3%). Net exports of goods under merchanting remained steady at $27m. Services credits rose $84m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $197m (1%) to $30,310m. Intermediate and other merchandise goods rose $436m (5%) and consumption goods rose $119m (1%). Capital goods fell $285m (5%) and non-monetary gold fell $102m (25%). Services debits rose $29m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2017 3 August 2017
July 2017 7 September 2017
August 2017 5 October 2017
September 2017 2 November 2017
October 2017 7 December 2017
November 2017 5 January 2018



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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.