A feature article Export and Import Invoice Currencies, June 2014 will be published in the June 2014 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0) to be released on 5 August 2014. This article explores the movement of the major currencies used to invoice merchandise trade, and highlights which goods are causing these movements using the Standard International Trade Classification (SITC Revision 4).
AHECC and Customs Tariff
The ABS sometimes makes changes to AHECC and Customs Tariff statistical codes on 1 January and 1 July. There were no changes applied to either classification at 1 July 2014.
Information Paper: Revision to correspondences to AHECC and Customs Tariff (cat. no. 5368.0.55.021) was released on 23 June 2014. The paper outlines the changes to the correspondences between these classifications and the Standard International Trade Classification (SITC Revision 4). The changes are to bring the correspondences in line with the international standard. The ABS will implement the changes in the August 2014 reference month.
Change to Custom Tariff Free Standing Descriptors
From the May 2014 issues, there are some changes in Free Standing Descriptors to clarify the correct classification of computer tablets in the Customs Tariff. The change in labels under 84713000 are only for clarification purposes and do not affect the classification of computer tablets, and therefore there are no changes to current statistical codes. The Free Standing Descriptors for a small number of current Customs Tariff codes have been amended to reflect the amendment to the labels. The affected codes are:
|Tariff Code||Free Standing Descriptor|
|8471300031||Laptops, notebooks, palmtops and tablets, weighing not more than 1 kg, consisting of at least a central processing unit, a keyboard and a display|
|8471300033||Laptops, notebooks, palmtops and tablets, weighing more than 1 kg but not more than 3 kg, consisting of at least a central processing unit, a keyboard and a display|
|8471300034||Laptops, notebooks, palmtops and tablets, weighing more than 3 kg but not more than 10 kg, consisting of at least a central processing unit, a keyboard and a display|
|8471300090||Portable automatic data processing machines, weighing not more than 10 kg, consisting of at least a central processing unit, a keyboard and a display (excl. laptops, notebooks, palmtops and tablets)|
Change to country label
From the March 2014 issues there is a label change for China as shown:
|Country||New label |
|China ||China (excluding SARs and Taiwan)|
This change impacts time series spreadsheet tables 2 and 6, and data cubes 8 and 9 of International Merchandise Imports, Australia (cat. no. 5439.0) and publication table 14 and time series spreadsheet tables 14a, 14b, 36a – 36j, 37a – 37i of International Trade in Goods and Services, Australia (cat. no. 5368.0). International merchandise trade data available on request are also affected. This change only applies to the label and does not impact the composition of the country data.
Future release dates of foreign trade publications
5368.0 – International Trade in Goods and Services, Australia
|June 2014||5 August 2014|
|July 2014||4 September 2014|
|August 2014||2 October 2014|
|September 2014||4 November 2014|
|October 2014||4 December 2014|
|November 2014||6 January 2015|
5439.0 – International Merchandise Imports, Australia
|July 2014||19 August 2014|
|August 2014||17 September 2014|
|September 2014||21 October 2014|
|October 2014||18 November 2014|
|November 2014||17 December 2014|
|December 2014||20 January 2015|
This page first published 19 October 2006, last updated 16 July 2014