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5368.0 - International Trade in Goods and Services, Australia, Nov 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/01/2013   
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NOVEMBER KEY FIGURES

Sep 2012
Oct 2012
Nov 2012
Oct 12 to Nov 12
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-1 961
-2 220
-2 417
-9
Seasonally adjusted
-1 912
-2 443
-2 637
-8
CREDITS (Exports of goods & services)
Trend estimates
24 574
24 333
24 175
-1
Seasonally adjusted
24 224
24 396
24 681
1
DEBITS (Imports of goods & services)
Trend estimates
26 535
26 553
26 593
-
Seasonally adjusted
26 136
26 840
27 318
2

- 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 $2,417m in November 2012, a rise of $197m (9%) on the deficit in October 2012.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,637m in November 2012, a rise of $194m (8%) on the deficit in October 2012.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $285m (1%) to $24,681m. Non-rural goods rose $295m (2%) and rural goods rose $68m (2%). Non-monetary gold fell $144m (9%). Net exports of goods under merchanting remained steady at $6m. Services credits rose $65m (1%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $478m (2%) to $27,318m. Intermediate and other merchandise goods rose $411m (5%) and consumption goods rose $163m (3%). Non-monetary gold fell $179m (33%) and capital goods fell $2m. Services debits rose $85m (2%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
December 2012 5 February 2013
January 2013 7 March 2013
February 2013 3 April 2013
March 2013 7 May 2013
April 2013 6 June 2013
May 2013 3 July 2013



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 2012
  • on a balance of payments basis, goods credits have been revised back to March 2012, goods debits to April 2012 and services credits and debits to July 2011.

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:
  • decreased the surplus on goods and services for 2011-12 by $364m
  • increased the deficit on goods and services for the four months to October 2012 by $1,282m.


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 Lee Taylor on Canberra (02) 6252 6377 for Services.


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