5368.0 - International Trade in Goods and Services, Australia, Jul 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 08/09/2016   
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JULY KEY FIGURES

May 2016
Jun 2016
Jul 2016
Jun 16 to Jul 16
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-2 418
-2 423
-2 485
-3
Seasonally adjusted
-2 434
-3 250
-2 410
26
CREDITS (Exports of goods & services)
Trend estimates
25 922
26 089
26 214
-
Seasonally adjusted
25 982
25 706
26 425
3
DEBITS (Imports of goods & services)
Trend estimates
28 340
28 511
28 698
1
Seasonally adjusted
28 416
28 957
28 835
-

- 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



JULY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $2,485m in July 2016, an increase of $62m (3%) on the deficit in June 2016.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,410m in July 2016, a decrease of $840m (26%) on the deficit in June 2016.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $719m (3%) to $26,425m. Non-monetary gold rose $912m (62%), rural goods rose $42m (1%) and net exports of goods under merchanting rose $6m (21%). Non-rural goods fell $249m (2%). Services credits rose $8m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $122m to $28,835m. Consumption goods fell $511m (6%). Intermediate and other merchandise goods rose $231m (3%), capital goods rose $78m (2%) and non-monetary gold rose $30m (6%). Services debits rose $50m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2016 6 October 2016
September 2016 3 November 2016
October 2016 8 December 2016
November 2016 6 January 2017
December 2016 2 February 2017
January 2017 2 March 2017



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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.