International Trade in Goods and Services, Australia

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Statistics about international trade in goods and services, on a balance of payments and international trade basis.

Reference period

February 2023

Released

6/04/2023

View all releases

Key statistics

The seasonally adjusted balance on goods and services surplus increased $2,604m in February.
Goods and services debits (imports) fell $4,304m (9.1%) driven by Non-industrial transport equipment.
Goods and services credits (exports) fell $1,700m (2.9%) driven by Metal ores and minerals.

Monthly Travel Services debits (imports) estimates now labelled as preliminary

The ABS is now labelling the monthly estimates of Travel Service debits as preliminary.

Recent changes in traveller spending patterns has increased the uncertainty of monthly Travel Service debit estimates. With this comes a higher risk of revisions. Please use caution when interpreting the preliminary estimates particularly estimates for the latest month.

The ABS calculates monthly estimates by using:

Overseas Arrivals and Departures (OAD) estimates for the latest month along with an average spend per traveller from the previous month.
Newly available Reserve Bank of Australia (RBA) Overseas Card Payments data to replace the OAD-based estimates in the following month. The RBA data captures changes in both number of travellers and spending patterns of Australians overseas.

Quarterly travel services debits published in the Balance of Payments and International Investment Position, Australia and the Australian National Accounts: National Income, Expenditure and Product are unaffected as all the data sources are available in time for publishing these estimates.

For more information about the compilation of monthly and quarter Travel Services please see Enhancing Trade in Services quarterly statistics | Australian Bureau of Statistics (abs.gov.au)

Trade overview

Key Figures, Seasonally Adjusted
		Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Balance on goods and services		12,897	11,266	13,870	2,604	na
	Credits (Exports of goods & services)	57,910	58,743	57,043	-1,700	-2.9
	Debits (Imports of goods & services)	-45,013	-47,477	-43,173	-4,304	-9.1

na not applicable

Balance on goods and services
	Seasonally Adjusted ($m)
Nov-21	9,118
Dec-21	7,733
Jan-22	12,464
Feb-22	7,434
Mar-22	9,448
Apr-22	12,343
May-22	13,573
Jun-22	16,810
Jul-22	8,583
Aug-22	8,487
Sep-22	12,507
Oct-22	12,415
Nov-22	13,377
Dec-22	12,897
Jan-23	11,266
Feb-23	13,870

Balance on goods and services

["","Seasonally Adjusted"]

[["Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[9118],[7733],[12464],[7434],[9448],[12343],[13573],[16810],[8583],[8487],[12507],[12415],[13377],[12897],[11266],[13870]]]

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Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $13,870m in February 2023, an increase of $2,604m on the surplus in January 2023.

Balance on goods and services(a), seasonally adjusted
			Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Balance on goods and services			12,897	11,266	13,870	2,604	na
	Total goods and services credits		57,910	58,743	57,043	-1,700	-2.9
		Total goods credits	50,293	50,843	49,107	-1,736	-3.4
		Total services credits	7,618	7,900	7,936	36	0.5
	Total goods and services debits		-45,013	-47,477	-43,173	-4,304	-9.1
		Total goods debits	-36,400	-38,406	-34,595	-3,811	-9.9
		Total services debits	-8,613	-9,071	-8,578	-493	-5.4

na not applicable
a. For sign conventions, see the methodology page.

Annual seasonal re-analysis

The seasonally adjusted and trend estimates of goods and services will be revised in the March month 2023 issue of this publication as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the monthly processing cycle and assesses the appropriateness of any prior corrections. The suspension of trend estimates and use of the forward factor method for series with significant and prolonged impacts from COVID-19 will also be reviewed as part of this process.

Goods and services credits

Goods credits (exports), seasonally adjusted

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-19	31,607	31,574
Mar-19	30,583	-
Apr-19	31,652	-
May-19	33,856	-
Jun-19	33,817	-
Jul-19	35,609	-
Aug-19	33,075	-
Sep-19	33,398	-
Oct-19	31,305	-
Nov-19	31,969	-
Dec-19	32,170	-
Jan-20	30,780	-
Feb-20	28,955	-
Mar-20	34,404	-
Apr-20	31,864	-
May-20	29,230	-
Jun-20	29,065	-
Jul-20	29,295	-
Aug-20	27,788	-
Sep-20	28,460	-
Oct-20	30,282	-
Nov-20	31,088	-
Dec-20	33,532	-
Jan-21	34,619	-
Feb-21	34,982	-
Mar-21	34,812	-
Apr-21	35,623	-
May-21	37,330	-
Jun-21	38,271	-
Jul-21	42,349	-
Aug-21	41,555	-
Sep-21	38,413	-
Oct-21	38,319	-
Nov-21	40,528	-
Dec-21	41,472	-
Jan-22	45,349	-
Feb-22	45,757	-
Mar-22	45,748	-
Apr-22	48,359	-
May-22	52,129	-
Jun-22	54,855	-
Jul-22	48,330	-
Aug-22	49,872	-
Sep-22	53,145	-
Oct-22	51,820	-
Nov-22	50,703	-
Dec-22	50,293	-
Jan-23	50,843	-
Feb-23	49,107	-

["","Seasonally Adjusted","Trend (a)"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[31607],[30583],[31652],[33856],[33817],[35609],[33075],[33398],[31305],[31969],[32170],[30780],[28955],[34404],[31864],[29230],[29065],[29295],[27788],[28460],[30282],[31088],[33532],[34619],[34982],[34812],[35623],[37330],[38271],[42349],[41555],[38413],[38319],[40528],[41472],[45349],[45757],[45748],[48359],[52129],[54855],[48330],[49872],[53145],[51820],[50703],[50293],[50843],[49107]],[[31574],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null]]]

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a. Trend series suspended from March 2019.

Goods credits, seasonally adjusted
			Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Total goods credits			50,293	50,843	49,107	-1,736	-3.4
	General merchandise		48,018	48,463	46,956	-1,507	-3.1
		Rural goods	6,194	5,945	6,145	200	3.4
		Non-rural goods	41,824	42,518	40,811	-1,707	-4.0
	Net exports of goods under merchanting(a)		-	-10	-10	-	-
	Non-monetary gold(a)		2,275	2,390	2,161	-229	-9.6

- nil or rounded to zero (including null cells)
a. This component is not seasonally adjusted.

Rural goods

Rural goods, seasonally adjusted
	Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Rural goods	6,194	5,945	6,145	200	3.4
	Meat and meat preparations	1,176	1,379	1,430	51	3.7
	Cereal grains and cereal preparations	2,044	1,811	1,866	55	3.0
	Wool and sheepskins	222	291	251	-40	-13.7
	Other rural(a)	2,751	2,464	2,597	133	5.4

Non-rural goods

Non-rural goods, seasonally adjusted
	Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Non-rural goods	41,824	42,518	40,811	-1,707	-4.0
	Metal ores and minerals	14,847	16,720	15,132	-1,588	-9.5
	Coal, coke and briquettes	11,243	10,412	10,417	5	0.0
	Other mineral fuels	9,019	9,194	8,917	-277	-3.0
	Metals (excl. non-monetary gold)	1,295	1,139	1,265	126	11.1
	Machinery	1,024	1,104	1,111	7	0.6
	Transport equipment	385	363	352	-11	-3.0
	Other manufactures	2,173	2,193	2,242	49	2.2
	Other non-rural (incl. sugar and beverages)(a)	1,568	1,126	1,103	-23	-2.0
	Goods procured in ports by carriers(b)	270	266	272	6	2.3

Services credits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-19	8,214	8,120
Mar-19	8,182	-
Apr-19	8,212	-
May-19	8,334	-
Jun-19	8,413	-
Jul-19	8,529	-
Aug-19	8,654	-
Sep-19	8,695	-
Oct-19	8,789	-
Nov-19	8,823	-
Dec-19	8,757	-
Jan-20	8,148	-
Feb-20	7,458	-
Mar-20	6,879	-
Apr-20	5,421	-
May-20	5,605	-
Jun-20	5,766	-
Jul-20	5,269	-
Aug-20	5,096	-
Sep-20	5,291	-
Oct-20	5,387	-
Nov-20	5,461	-
Dec-20	5,363	-
Jan-21	5,292	-
Feb-21	5,103	-
Mar-21	4,965	-
Apr-21	4,968	-
May-21	5,174	-
Jun-21	5,331	-
Jul-21	4,858	-
Aug-21	4,765	-
Sep-21	4,865	-
Oct-21	4,710	-
Nov-21	4,759	-
Dec-21	4,799	-
Jan-22	5,053	-
Feb-22	5,066	-
Mar-22	5,102	-
Apr-22	5,537	-
May-22	5,849	-
Jun-22	6,070	-
Jul-22	6,425	-
Aug-22	6,468	-
Sep-22	6,804	-
Oct-22	6,985	-
Nov-22	7,423	-
Dec-22	7,618	-
Jan-23	7,900	-
Feb-23	7,936	-

["","Seasonally Adjusted","Trend (a)"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[8214],[8182],[8212],[8334],[8413],[8529],[8654],[8695],[8789],[8823],[8757],[8148],[7458],[6879],[5421],[5605],[5766],[5269],[5096],[5291],[5387],[5461],[5363],[5292],[5103],[4965],[4968],[5174],[5331],[4858],[4765],[4865],[4710],[4759],[4799],[5053],[5066],[5102],[5537],[5849],[6070],[6425],[6468],[6804],[6985],[7423],[7618],[7900],[7936]],[[8120],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null]]]

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a. Trend series suspended from March 2019.

Services credits, seasonally adjusted
			Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Total services credits			7,618	7,900	7,936	36	0.5
	Manufacturing services on physical inputs owned by others(a)		-	-	-	-	-
	Maintenance and repair services n.i.e.(a)		9	8	8	-	-
	Transport		718	690	708	18	2.6
		Passenger(b)(c)	351	313	330	17	5.4
		Freight(d)	36	37	37	-	-
		Other	203	208	208	-	-
		Postal and courier services(e)	129	133	133	-	-
	Travel(c)		3,927	4,153	4,161	8	0.2
	Other services		2,964	3,049	3,060	11	0.4
Memorandum item
	Tourism related services credits(f)		4,278	4,466	4,491	25	0.6

- nil or rounded to zero (including null cells)
a. This component is not seasonally adjusted.
b. Passenger transportation services includes agency fees and commissions for air transport.
c. This component has been seasonally adjusted using the forward factor method since March 2020 due to the impacts of COVID-19.
d. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
e. Postal and courier services includes indirect commissions for sea transport.
f. For a more detailed explanation of tourism related services, see the methodology page.

Goods and services debits

Goods debits (imports), seasonally adjusted

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-19	26,888	26,638
Mar-19	26,394	-
Apr-19	26,656	-
May-19	26,999	-
Jun-19	26,618	-
Jul-19	26,690	-
Aug-19	26,788	-
Sep-19	27,471	-
Oct-19	27,546	-
Nov-19	26,488	-
Dec-19	26,802	-
Jan-20	25,691	-
Feb-20	25,057	-
Mar-20	25,078	-
Apr-20	25,141	-
May-20	24,044	-
Jun-20	24,275	-
Jul-20	25,869	-
Aug-20	26,128	-
Sep-20	24,396	-
Oct-20	25,098	-
Nov-20	27,497	-
Dec-20	26,574	-
Jan-21	26,299	-
Feb-21	27,441	-
Mar-21	28,434	-
Apr-21	27,393	-
May-21	28,159	-
Jun-21	28,552	-
Jul-21	28,601	-
Aug-21	29,206	-
Sep-21	28,297	-
Oct-21	28,116	-
Nov-21	30,804	-
Dec-21	32,920	-
Jan-22	31,641	-
Feb-22	36,754	-
Mar-22	34,729	-
Apr-22	34,483	-
May-22	36,815	-
Jun-22	35,987	-
Jul-22	37,129	-
Aug-22	38,706	-
Sep-22	38,267	-
Oct-22	37,585	-
Nov-22	36,380	-
Dec-22	36,400	-
Jan-23	38,406	-
Feb-23	34,595	-

["","Seasonally Adjusted","Trend (a)"]

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a. Trend series suspended from March 2019.

Goods debits(a), seasonally adjusted
			Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Total goods debits			-36,400	-38,406	-34,595	-3,811	-9.9
	General merchandise debits		-35,913	-37,810	-33,810	-4,000	-10.6
		Consumption goods	-11,296	-12,522	-10,109	-2,413	-19.3
		Capital goods	-8,896	-9,789	-8,364	-1,425	-14.6
		Intermediate and other merchandise goods	-15,722	-15,499	-15,337	-162	-1.0
	Non-monetary gold(b)		-487	-596	-785	189	31.7

a. For sign conventions, see the methodology page.
b. This component is not seasonally adjusted.

Consumption goods

Consumption goods(a), seasonally adjusted
	Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Consumption goods	-11,296	-12,522	-10,109	-2,413	-19.3
	Food and beverages, mainly for consumption	-1,596	-1,685	-1,432	-253	-15.0
	Household electrical items	-621	-591	-616	25	4.2
	Non-industrial transport equipment	-2,998	-3,872	-2,512	-1,360	-35.1
	Textiles, clothing and footwear	-1,879	-1,977	-1,796	-181	-9.2
	Toys, books and leisure goods	-653	-754	-684	-70	-9.3
	Consumption goods n.e.s.	-3,549	-3,643	-3,068	-575	-15.8

Capital goods

Capital goods(a), seasonally adjusted
	Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Capital goods	-8,896	-9,789	-8,364	-1,425	-14.6
	Machinery and industrial equipment	-2,813	-2,995	-2,898	-97	-3.2
	ADP equipment	-1,136	-1,088	-1,132	44	4.0
	Telecommunications equipment	-1,284	-2,035	-1,480	-555	-27.3
	Civil aircraft and confidentialised items(b)(c)	-565	-214	-352	138	64.5
	Industrial transport equipment n.e.s.	-1,330	-2,098	-1,289	-809	-38.6
	Capital goods n.e.s.(d)	-1,769	-1,359	-1,212	-147	-10.8

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a), seasonally adjusted
	Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Intermediate and other merchandise goods	-15,722	-15,499	-15,337	-162	-1.0
	Food and beverages, mainly for industry	-257	-261	-231	-30	-11.5
	Primary industrial supplies n.e.s.(b)	-235	-187	-223	36	19.3
	Fuels and lubricants(c)	-5,242	-4,876	-4,941	65	1.3
	Parts for transport equipment	-1,496	-1,491	-1,406	-85	-5.7
	Parts for ADP equipment	-77	-66	-70	4	6.1
	Other parts for capital goods	-1,983	-2,045	-1,975	-70	-3.4
	Organic and inorganic chemicals	-556	-524	-517	-7	-1.3
	Paper and paperboard	-220	-218	-210	-8	-3.7
	Textile yarn and fabrics	-147	-139	-130	-9	-6.5
	Iron and steel	-324	-342	-337	-5	-1.5
	Plastics	-442	-432	-429	-3	-0.7
	Processed industrial supplies n.e.s.	-4,575	-4,482	-4,407	-75	-1.7
	Other merchandise goods(d)	-51	-45	-76	31	68.9
	Goods procured in ports by carriers(e)	-117	-391	-384	-7	-1.8

Services debits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-19	8,389	8,470
Mar-19	8,509	-
Apr-19	8,643	-
May-19	8,673	-
Jun-19	8,535	-
Jul-19	8,514	-
Aug-19	8,681	-
Sep-19	8,641	-
Oct-19	8,670	-
Nov-19	8,660	-
Dec-19	8,990	-
Jan-20	8,916	-
Feb-20	8,751	-
Mar-20	6,266	-
Apr-20	3,878	-
May-20	3,863	-
Jun-20	3,864	-
Jul-20	3,745	-
Aug-20	3,785	-
Sep-20	3,729	-
Oct-20	4,002	-
Nov-20	4,138	-
Dec-20	4,168	-
Jan-21	4,032	-
Feb-21	4,110	-
Mar-21	4,135	-
Apr-21	4,257	-
May-21	4,325	-
Jun-21	4,433	-
Jul-21	4,501	-
Aug-21	4,599	-
Sep-21	4,729	-
Oct-21	4,961	-
Nov-21	5,365	-
Dec-21	5,618	-
Jan-22	6,297	-
Feb-22	6,637	-
Mar-22	6,674	-
Apr-22	7,070	-
May-22	7,590	-
Jun-22	8,129	-
Jul-22	9,043	-
Aug-22	9,147	-
Sep-22	9,175	-
Oct-22	8,804	-
Nov-22	8,369	-
Dec-22	8,613	-
Jan-23	9,071	-
Feb-23	8,578	-

["","Seasonally Adjusted","Trend (a)"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[8389],[8509],[8643],[8673],[8535],[8514],[8681],[8641],[8670],[8660],[8990],[8916],[8751],[6266],[3878],[3863],[3864],[3745],[3785],[3729],[4002],[4138],[4168],[4032],[4110],[4135],[4257],[4325],[4433],[4501],[4599],[4729],[4961],[5365],[5618],[6297],[6637],[6674],[7070],[7590],[8129],[9043],[9147],[9175],[8804],[8369],[8613],[9071],[8578]],[[8470],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null]]]

[]

[{"axis_id":"0","tick_interval":"12","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"value":"0","axis_id":"0","axis_title":"$m","axis_units":"","tooltip_units":"(m)","table_units":"($m)","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"-1","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

a. Trend series suspended from March 2019.

Services debits(a), seasonally adjusted
			Dec-22 ($m)	Jan-23 ($m)	Feb-23 ($m)	Jan-23 to Feb-23 ($m)	Jan-23 to Feb-23 (%)
Total services debits			-8,613	-9,071	-8,578	-493	-5.4
	Manufacturing services on physical inputs owned by others(b)		-	-	-	-	-
	Maintenance and repair services n.i.e.(b)		-62	-34	-46	12	35.3
	Transport		-2,508	-2,772	-2,385	-387	-14.0
		Passenger(c)(d)	-647	-854	-783	-71	-8.3
		Freight	-1,795	-1,842	-1,525	-317	-17.2
		Other(b)	-53	-58	-58	-	-
		Postal and courier services(e)(f)	-12	-18	-19	1	5.6
	Travel(d)(g)		-2,793	-3,011	-2,869	-142	-4.7
	Other services		-3,250	-3,254	-3,277	23	0.7
Memorandum item
	Tourism related services debits(h)		-3,440	-3,865	-3,652	-213	-5.5

- nil or rounded to zero (including null cells)
a. For sign conventions, see the methodology page.
b. This component is not seasonally adjusted.
c. Passenger services includes agency fees and commissions for air transport.
d. This component has been seasonally adjusted using the forward factor method since March 2020 due to the impacts of COVID-19.
e. Postal and courier services includes indirect commissions for sea transport.
f. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
g. Monthly estimates of Travel Service debits are now labelled preliminary.
h. For a more detailed explanation of tourism related services, see the methodology page.

Previous catalogue number

This release previously used catalogue number 5368.0.

Supplementary information

Selected commodities

Selected commodities, quantities (a)
	Sep-22 (%)	Oct-22 (%)	Nov-22 (%)	Dec-22 (%)	Jan-23 (%)	Feb-23 (%)
Iron ore - Lump	3.0	-0.9	2.3	7.1	-7.4	-18.0
Iron ore - Fines	2.7	0.4	1.0	6.5	-8.0	-13.2
Coal - Hard coking	9.5	-5.1	6.5	1.1	-16.1	-15.2
Coal - Semi-soft	8.1	-2.8	4.2	4.2	-13.7	-22.2
Coal - Thermal	-20.4	8.4	-9.1	28.7	-11.7	-10.1
Gas - LNG	8.6	2.7	-4.7	2.8	-0.7	-6.1

a. Data in this table is on a revised international merchandise trade basis.

Selected commodities, unit values (a)
	Sep-22 (%)	Oct-22 (%)	Nov-22 (%)	Dec-22 (%)	Jan-23 (%)	Feb-23 (%)
Iron ore - Lump	-3.2	3.7	-8.5	11.2	6.1	6.3
Iron ore - Fines	-3.4	-1.0	-3.7	14.0	8.4	3.7
Coal - Hard coking	4.9	7.0	-1.5	-2.4	-16.6	2.8
Coal - Semi-soft	2.8	1.9	-6.1	4.1	-15.6	0.8
Coal - Thermal	8.7	-0.5	-2.7	-10.2	-5.9	-0.6
Gas - LNG	17.5	-2.9	-15.1	1.2	-0.8	-13.1

a. Data in this table is on a revised international merchandise trade basis and excludes value adjustments applied to balance of payments series.

Selected commodity movements

On an international merchandise trade basis, in original terms (noting the footnote in the above table), between January 2023 and February 2023 the largest movements recorded for the following selected commodities were:

Iron ore (lump), movement by country, Jan-23 to Feb-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (lump) - Total movement	-364	-12.9	-18.0	6.3
China (excludes SARs and Taiwan)	-264	-11.5	-17.8	7.7
Japan	-59	-21.7	-18.6	-3.8
Korea, Republic of (South)	-54	-48.0	-41.8	-10.7
Taiwan	5	5.1	-7.4	13.5
Vietnam	14	107.0	105.0	1.0

Iron ore (fines), movement by country, Jan-23 to Feb-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (fines) - Total movement	-813	-10.0	-13.2	3.7
China (excludes SARs and Taiwan)	-417	-5.9	-10.0	4.6
Korea, Republic of (South)	-238	-50.2	-42.8	-12.9
Indonesia	-79	-92.9	-93.4	7.3
Vietnam	-61	-54.7	-58.7	9.5
Japan	-37	-12.4	-7.9	-4.9

Hard coking (high rank) coal, movement by country, Jan-23 to Feb-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
High rank coal - Total movement	-319	-12.8	-15.2	2.8
India	-534	-57.9	-52.5	-11.3
Japan	-93	-21.1	-22.9	2.3
Belgium	70	-	-	-
Brazil	110	405.7	470.1	-11.3
China (excludes SARs and Taiwan)	137	-	-	-

- nil or rounded to zero (including null cells)

Semi soft coal, movement by country, Jan-23 to Feb-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Semi soft coal - Total movement	-304	-21.6	-22.2	0.8
Japan	-149	-28.0	-27.6	-0.6
India	-107	-36.6	-42.6	10.5
Taiwan	-75	-64.9	-65.1	0.7
Vietnam	-57	-78.6	-63.3	-41.6
Korea, Republic of (South)	71	31.4	31.6	-0.2

Thermal coal, movement by country, Jan-23 to Feb-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Thermal coal - Total movement	-622	-10.7	-10.1	-0.6
Japan	-489	-13.6	-6.6	-7.5
India	-164	-58.1	-62.0	10.3
Malaysia	-101	-41.6	-29.8	-16.8
Korea, Republic of (South)	-70	-14.4	-35.3	32.3
China (excludes SARs and Taiwan)	309	1291.0	1047.7	21.2

Liquid Natural Gas, total movement, Jan-23 to Feb-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Liquid Natural Gas (LNG) - Total movement	-1,566	-18.5	-6.1	-13.1

Selected commodities, quantity and unit value analysis - International merchandise trade basis: Original terms

International merchandise trade exports data presented in the above tables are based on information reported by exporters to the Department of Home Affairs (Home Affairs). For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs. When additional information for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Unit values in this publication are presented in Australian dollar terms. Movements in the unit values for some commodities incorporate movements in the United States dollar prices reported to Home Affairs and movements in the Australian dollar to United States dollar exchange rate.

Value adjustments

Goods credits on an international merchandise trade basis

On a merchandise trade basis, adjustments have been applied to iron ore lump and iron ore fines. When actual final transaction prices become available estimates are replaced with these data. For price and volume details, see the Selected commodities section.

Iron Ore Adjustment, Original Terms
	Aug-22($m)	Sep-22($m)	Oct-22($m)	Nov-22($m)	Dec-22($m)	Jan-23($m)	Feb-23($m)
Iron ore lump	-5	-5	-5	10	30	5	0
Iron ore fines	0	-5	-10	40	35	30	100

Goods credits on a balance of payments basis

Coal (in original terms)

On a balance of payments basis, adjustments have been applied to the coal, coke and briquettes component in November (+$10m), December (+$35m) 2022, January (+$603m) and February (+$435m) 2023. This adjustment takes into account additional information on the unit value of hard coking, semi-soft and thermal coal exports. All previous adjustments have been removed.

In the international merchandise trade series, the unit value of coal, coke and briquettes fell 10.3% between December 2022 and January 2023 and rose 0.8% between January 2023 and February 2023.

In the balance of payments series, the unit value of coal, coke and briquettes fell 5.0% between December 2022 and January 2023 and fell 0.2% between January 2023 and February 2023.

International merchandise trade exports data presented in this publication are based on information reported by exporters to the Department of Home Affairs (Home Affairs). At the time of initial reporting to Home Affairs, the final prices at which transactions take place are not known for some commodities. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs.

For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. When additional information on quantity and/or unit price for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Iron ore adjustments are applied on an international merchandise trade basis at the Australian Harmonized Export Commodity Classification (AHECC) level. Coal, coke and briquettes are adjusted on a balance of payments basis in current price, original terms. When actual final transaction prices become available estimates are replaced with these data.

In most instances, transfer of ownership occurs when goods cross the customs frontier. In certain circumstances the change of ownership of large value capital expenditure items can occur prior to the items crossing the customs frontier. The ABS may adjust the relevant balance of payments series to record the timing when transfer of ownership was affected.

Revisions

Confidential Commodities List

COVID-19 in this publication

Data downloads

Download all (10.95 MB)

Time series spreadsheets

Data files

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices
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Table 2. Goods and services, summary - original, current prices
Download xlsx [123.71 KB]
Table 3. Goods credits, original, current prices
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Table 4. Goods debits, original, current prices
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Table 5. Goods credits, seasonally adjusted, current prices
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Table 6. Goods debits, seasonally adjusted, current prices
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Table 7. Goods credits, trend estimates, current prices
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Table 8. Goods debits, trend estimates, current prices
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Table 9. Services, summary - original, current prices
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Table 10. Services, summary - seasonally adjusted and trend estimates, current prices
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Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value
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Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value
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Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value
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Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value
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Table 14a. Merchandise exports, by country, FOB value
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Table 14b. Merchandise imports, by country, customs value
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Table 15a. Merchandise exports, state and Australia, FOB value
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Table 15b. Merchandise imports, state and Australia, customs value
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Table 16. Period average exchange rates, units of foreign currency per Australian dollar
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Table 17. Summary of revisions, goods and services
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Table 31. Merchandise exports, broad economic category, FOB value
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Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value
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Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value
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Table 33. Merchandise imports, broad economic category, customs value
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Table 34. Merchandise imports, balance of payments broad economic category, customs value
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Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value
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Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value
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Table 36a. Merchandise exports, state of origin New South Wales, by country, FOB value
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Table 36b. Merchandise exports, state of origin Victoria, by country, FOB value
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Table 36c. Merchandise exports, state of origin Queensland, by country, FOB value
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Table 36d. Merchandise exports, state of origin South Australia, by country, FOB value
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Table 36e. Merchandise exports, state of origin Western Australia, by country, FOB value
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Table 36f. Merchandise exports, state of origin Tasmania, by country, FOB value
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Table 36g. Merchandise exports, state of origin Northern Territory, by country, FOB value
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Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country, FOB value
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Table 36i. Merchandise exports, state of origin not available, by country, FOB value
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Table 36j. Merchandise exports, re-exports, by country, FOB value
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Table 37a. Merchandise imports, state of destination New South Wales, by country, customs value
Download xlsx [461.87 KB]
Table 37b. Merchandise imports, state of destination Victoria, by country, customs value
Download xlsx [456.55 KB]
Table 37c. Merchandise imports, state of destination Queensland, by country, customs value
Download xlsx [437.31 KB]
Table 37d. Merchandise imports, state of destination South Australia, by country, customs value
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Table 37e. Merchandise imports, state of destination Western Australia, by country, customs value
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Table 37f. Merchandise imports, state of destination Tasmania, by country, customs value
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Table 37g. Merchandise imports, state of destination Northern Territory, by country, customs value
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Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country, customs value
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Table 37i. Merchandise imports, state of destination not available, by country, customs value
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Table 91. Monthly combined seasonal adjustment factors
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Table 92. Confidential commodities list
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Download all (401.71 KB)

Data Cubes

Data files

Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)
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Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)
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Methodology

International Trade in Goods and Services, Australia methodology, February 2023

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APA

International Trade in Goods and Services, Australia

APA

Key statistics

Monthly Travel Services debits (imports) estimates now labelled as preliminary

Trade overview

Balance on goods and services

Annual seasonal re-analysis

Goods and services credits

Goods credits (exports), seasonally adjusted

Rural goods

Non-rural goods

Services credits

Goods and services debits

Goods debits (imports), seasonally adjusted

Consumption goods

Capital goods

Intermediate and other merchandise goods

Services debits

Previous catalogue number

Supplementary information

Selected commodities

Selected commodity movements

Selected commodities, quantity and unit value analysis - International merchandise trade basis: Original terms

Value adjustments

Goods credits on an international merchandise trade basis

Goods credits on a balance of payments basis

Revisions

Confidential Commodities List

Confidential Commodities List

COVID-19 in this publication

Suspension of trend estimates

Seasonal adjustment and COVID-19

Data downloads

Time series spreadsheets

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices

Table 2. Goods and services, summary - original, current prices

Table 3. Goods credits, original, current prices

Table 4. Goods debits, original, current prices

Table 5. Goods credits, seasonally adjusted, current prices

Table 6. Goods debits, seasonally adjusted, current prices

Table 7. Goods credits, trend estimates, current prices

Table 8. Goods debits, trend estimates, current prices

Table 9. Services, summary - original, current prices

Table 10. Services, summary - seasonally adjusted and trend estimates, current prices

Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value

Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value

Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value

Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value

Table 14a. Merchandise exports, by country, FOB value

Table 14b. Merchandise imports, by country, customs value

Table 15a. Merchandise exports, state and Australia, FOB value

Table 15b. Merchandise imports, state and Australia, customs value

Table 16. Period average exchange rates, units of foreign currency per Australian dollar

Table 17. Summary of revisions, goods and services

Table 31. Merchandise exports, broad economic category, FOB value

Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value

Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value

Table 33. Merchandise imports, broad economic category, customs value

Table 34. Merchandise imports, balance of payments broad economic category, customs value

Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value

Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value

Table 36a. Merchandise exports, state of origin New South Wales, by country, FOB value

Table 36b. Merchandise exports, state of origin Victoria, by country, FOB value

Table 36c. Merchandise exports, state of origin Queensland, by country, FOB value

Table 36d. Merchandise exports, state of origin South Australia, by country, FOB value

Table 36e. Merchandise exports, state of origin Western Australia, by country, FOB value

Table 36f. Merchandise exports, state of origin Tasmania, by country, FOB value

Table 36g. Merchandise exports, state of origin Northern Territory, by country, FOB value

Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country, FOB value

Table 36i. Merchandise exports, state of origin not available, by country, FOB value

Table 36j. Merchandise exports, re-exports, by country, FOB value

Table 37a. Merchandise imports, state of destination New South Wales, by country, customs value

Table 37b. Merchandise imports, state of destination Victoria, by country, customs value

Table 37c. Merchandise imports, state of destination Queensland, by country, customs value

Table 37d. Merchandise imports, state of destination South Australia, by country, customs value

Table 37e. Merchandise imports, state of destination Western Australia, by country, customs value

Table 37f. Merchandise imports, state of destination Tasmania, by country, customs value

Table 37g. Merchandise imports, state of destination Northern Territory, by country, customs value

Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country, customs value