5368.0 - International Trade in Goods and Services, Australia, Jun 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/08/2016   
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JUNE KEY FIGURES

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

BALANCE ON GOODS AND SERVICES
Trend estimates
-2 461
-2 373
-2 359
1
Seasonally adjusted
-1 824
-2 418
-3 195
-32
CREDITS (Exports of goods & services)
Trend estimates
25 722
25 896
26 045
1
Seasonally adjusted
25 935
26 016
25 803
-1
DEBITS (Imports of goods & services)
Trend estimates
28 183
28 269
28 403
-
Seasonally adjusted
27 759
28 434
28 998
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



JUNE KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $2,359m in June 2016, a decrease of $14m (1%) on the deficit in May 2016.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $3,195m in June 2016, an increase of $777m (32%) on the deficit in May 2016.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $213m (1%) to $25,803m. Non-monetary gold fell $270m (15%). Rural goods rose $35m (1%) and non-rural goods rose $20m. Net exports of goods under merchanting remained steady at $28m. Services credits rose $2m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $564 (2%) to $28,998m. Consumption goods rose $588m (7%) and capital goods rose $147m (3%). Intermediate and other merchandise goods fell $92m (1%) and non-monetary gold fell $57m (10%). Services debits fell $21m.


2015-16 SITUATION
  • In original terms, the balance on goods and services for 2015-16 was a deficit of $36.9b, a rise of $13.9b (61%) on the deficit of $23.0b recorded in 2014-15, resulting from a $6.8b (2%) decrease in goods and services credits and a $7.1b (2%) increase in goods and services debits.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
July 2016 8 September 2016
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



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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.