5368.0 - International Trade in Goods and Services, Australia, Dec 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/02/2017   
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DECEMBER KEY FIGURES

Oct 2016
Nov 2016
Dec 2016
Nov 16 to Dec 16
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
322
1 277
2 193
72
Seasonally adjusted
-733
2 040
3 511
72
CREDITS (Exports of goods & services)
Trend estimates
29 079
30 120
31 114
3
Seasonally adjusted
28 137
30 951
32 630
5
DEBITS (Imports of goods & services)
Trend estimates
28 757
28 843
28 921
-
Seasonally adjusted
28 870
28 911
29 120
1

- 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



DECEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $2,193m in December 2016, an increase of $916m (72%) on the surplus in November 2016.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $3,511m in December 2016, an increase of $1,471m (72%) on the surplus in November 2016.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $1,679m (5%) to $32,630m. Non-rural goods rose $1,249m (6%), non-monetary gold rose $319m (23%), rural goods rose $104m (3%) and net exports of goods under merchanting rose $1m (20%). Services credits rose $6m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $209m (1%) to $29,120m. Consumption goods rose $157m (2%), intermediate and other merchandise goods rose $132m (2%) and non-monetary gold rose $4m (1%). Capital goods fell $125m (2%). Services debits rose $42m (1%).


2016 SITUATION
  • In original terms, the balance on goods and services for 2016 was a deficit of $13.6b, a decrease of $23.4b (63%) on the deficit of $37.0b recorded in 2015, resulting from a $13.3b (4%) increase in goods and services credits and a $10.1b (3%) decrease in goods and services debits.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2017 2 March 2017
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



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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.