5368.0 - International Trade in Goods and Services, Australia, Jan 2017 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/03/2017   
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JANUARY KEY FIGURES

Nov 2016
Dec 2016
Jan 2017
Dec 16 to Jan 17
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
945
1 656
2 176
31
Seasonally adjusted
1 658
3 334
1 302
-61
CREDITS (Exports of goods & services)
Trend estimates
30 240
31 254
32 086
3
Seasonally adjusted
31 014
32 741
31 796
-3
DEBITS (Imports of goods & services)
Trend estimates
29 296
29 598
29 910
1
Seasonally adjusted
29 356
29 406
30 494
4


Balance on Goods and Services
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series



JANUARY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $2,176m in January 2017, an increase of $520m (31%) on the surplus in December 2016.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,302m in January 2017, a decrease of $2,032m (61%) on the surplus in December 2016.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $945m (3%) to $31,796m. Non-monetary gold fell $671m (39%) and non-rural goods fell $403m (2%). Rural goods rose $57m (1%) and net exports of goods under merchanting rose $1m (17%). Services credits rose $72m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $1,088m (4%) to $30,494m. Consumption goods rose $543m (7%), intermediate and other merchandise goods rose $340m (4%), capital goods rose $180m (3%) and non-monetary gold rose $22m (5%). Services debits rose $3m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2017 4 April 2017
March 2017 4 May 2017
April 2017 8 June 2017
May 2017 6 July 2017
June 2017 3 August 2017
July 2017 7 September 2017



PRIVACY

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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.