Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Catalogue Number
5368.0 - International Trade in Goods and Services, Australia, May 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/07/2014   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

MAY KEY FIGURES

Mar 2014
Apr 2014
May 2014
Apr 14 to May 14
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
245
-188
-679
-261
Seasonally adjusted
739
-780
-1 911
-145
CREDITS (Exports of goods and services)
Trend estimates
28 517
28 194
27 808
-1
Seasonally adjusted
28 603
27 981
26 681
-5
DEBITS (Imports of goods and services)
Trend estimates
28 272
28 382
28 487
-
Seasonally adjusted
27 864
28 761
28 592
-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 deficit of $679m in May 2014, an increase of $491m (261%) on the deficit in April 2014.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $1,911m in May 2014, an increase of $1,131m (145%) on the deficit in April 2014.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $1,300m (5%) to $26,681m. Non-rural goods fell $1,184m (6%), rural goods fell $62m (2%) and non-monetary gold fell $61m (6%). Net exports of goods under merchanting remained steady at $0m. Services credits rose $8m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $169m (1%) to $28,592m. Capital goods fell $195m (4%) and consumption goods fell $34m. Non-monetary gold rose $38m (12%) and intermediate and other merchandise goods rose $17m. Services debits rose $6m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2014 5 August 2014
July 2014 4 September 2014
August 2014 2 October 2014
September 2014 4 November 2014
October 2014 4 December 2014
November 2014 6 January 2015



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 November 2013
  • on a balance of payments basis revisions have been applied to:
      • goods credits back to October 2013
      • goods debits back to July 2013
      • services credits and debits back to July 2013.

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 the ten months to April 2014 by $488m.


CHANGES IN THIS ISSUE

Changes to Custom Tariff Free Standing Descriptors.

See the Changes in this issue for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of 'metal ores and minerals', 'coal, coke and briquettes' and 'capital goods n.e.s.' in the balance of payments series.

See the Value adjustments for details.


RELATED RELEASES

INFORMATION PAPER: REVISION TO CORRESPONDENCES TO AHECC AND CUSTOMS TARIFF

Information Paper: Revision to correspondences to AHECC and Customs Tariff (cat. no. 5368.0.55.021) was released on 23 June 2014. The paper outlines the changes to the correspondences between these classifications and the Standard International Trade Classification Rev. 4. The changes are to bring the correspondences in line with the international standard. The ABS will implement the changes in the August 2014 reference month.


INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Lauren Binns on Hobart (03) 6222 5926 for Services. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.