5368.0 - International Trade in Goods and Services, Australia, May 2010 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/07/2010
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MAY KEY POINTS
BALANCE ON GOODS AND SERVICES
CREDITS (EXPORTS OF GOODS & SERVICES)
DEBITS (IMPORTS OF GOODS & SERVICES)
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, for the last three financial years and last six months.
Revisions have been made to incorporate the latest data relating to merchandise trade and international trade in services. In original terms, these revisions have:
Seasonally adjusted and trend series have been revised due to the incorporation of revised estimates, the incorporation of estimates for the latest month and the rederivation of seasonal factors under the concurrent seasonal adjustment methodology.
IRON ORE AND COAL PRICES
Adjustments have been made to the value of the 'metal ores and minerals' and the 'coal, coke and briquettes' components in the balance of payments series. See the Commodity prices adjustment for details.
CHANGES IN THIS ISSUE
As advised in the previous issue, this issue introduces a change of treatment for the civil aircraft component. A new component 'Civil aircraft and confidentialised items' includes civil aircraft for all periods and from July 2008 includes all commodities subject to a 'no commodity details' or 'no value details' restriction. This change affects the statistics presented in Capital goods n.e.s. from December 2008 and Other merchandise goods for July and August 2008, but the change does not revise the total value of goods debits. This change will be reflected in the June quarter 2010 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).
All civil aircraft have been confidentialised since December 2008, and therefore the components making up the 'Civil aircraft and confidentialised items' series will not be available at a lower level on a balance of payments basis.
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for Goods, and Andrew Tomadini on Canberra (02) 6252 7094 for Services.
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