Balance of Payments and International Investment Position, Australia

Latest release

Balance of payments statistics on current, capital and financial transactions and the international investment position statement

Reference period

June 2026

Released

1/09/2026

Release date and time

01/09/2026 11:30am AEST

Key statistics

The current account balance, seasonally adjusted, fell $1.8b to a deficit of $27.2b.
The capital and financial account surplus was $5.3b, a decrease of $11.3b on the March quarter 2026 surplus.
The net international investment liability position was $638.9b at 30 June 2026.

International accounts overview

Key figures ($m)
	Mar 26	Jun 26
Balance on current account (a)	-25,448	-27,220
Balance on goods and services (a)	-2,911	-5,104
Net primary income (a)	-21,946	-21,863
Secondary income (a)	-590	-253
Capital and financial account	16,600	5,295
International investment position (b)	761,732	638,918

Seasonally adjusted estimates in current price terms.
Levels at end of period.

The current account balance (seasonally adjusted, current price) for June quarter 2026 was a deficit of $27.2b. This was an increase in the deficit of $1.8b, from the revised March quarter 2026 current account deficit of $25.4b.

The decrease in Australia's current account balance was led by the fall in the balance of goods and services.

The balance on goods and services deficit widened this quarter after falling into a deficit last quarter for the first time since December quarter 2017.

The balance on goods and services in seasonally adjusted chain volume terms is expected to contribute 0.1 percentage points to the June quarter 2026 GDP quarterly movement.

The terms of trade decreased 1.6% to 94.8, down from 96.3 in March quarter 2026.

The net primary income deficit was $21,863m, a decrease of $83m from the revised March quarter 2026 deficit of $21,946m.

Current account balance (a), main aggregates
	Current account balance ($b)	Net goods & services ($b)	Net primary income ($b)
Jun-18	-15.1	1.3	-16.2
Sep-18	-11.4	5.8	-16.8
Dec-18	-8.9	7.7	-16.4
Mar-19	-6.0	10.7	-16.4
Jun-19	0.4	17.1	-16.9
Sep-19	4.7	19.1	-14.2
Dec-19	-1.3	12.4	-13.4
Mar-20	3.1	14.4	-11.1
Jun-20	11.7	20.5	-8.2
Sep-20	5.5	11.0	-4.8
Dec-20	10.5	15.8	-4.5
Mar-21	15.1	23.3	-7.7
Jun-21	16.6	28.9	-10.8
Sep-21	17.8	34.2	-15.7
Dec-21	0.7	22.0	-20.4
Mar-22	-0.7	24.8	-24.7
Jun-22	9.5	41.5	-31.2
Sep-22	-5.0	27.9	-32.7
Dec-22	3.6	30.2	-26.3
Mar-23	3.4	31.6	-28.1
Jun-23	-1.5	22.5	-23.7
Sep-23	-9.3	14.8	-23.6
Dec-23	-1.8	19.9	-21.5
Mar-24	-8.9	14.0	-22.9
Jun-24	-16.3	7.9	-24.0
Sep-24	-16.9	3.1	-19.8
Dec-24	-18.0	5.3	-23.1
Mar-25	-15.8	4.2	-19.5
Jun-25	-16.8	2.2	-19.0
Sep-25	-19.0	0.6	-19.2
Dec-25	-22.8	0.6	-22.9
Mar-26	-25.4	-2.9	-21.9
Jun-26	-27.2	-5.1	-21.9

Current account balance (a), main aggregates

["","Current account balance","Net goods & services","Net primary income"]

[["Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26","Jun-26"],[[-15.1],[-11.4],[-8.9],[-6],[0.4],[4.7],[-1.3],[3.1],[11.7],[5.5],[10.5],[15.1],[16.6],[17.8],[0.7],[-0.7],[9.5],[-5],[3.6],[3.4],[-1.5],[-9.3],[-1.8],[-8.9],[-16.3],[-16.9],[-18],[-15.8],[-16.8],[-19],[-22.8],[-25.4],[-27.2]],[[1.3],[5.8],[7.7],[10.7],[17.1],[19.1],[12.4],[14.4],[20.5],[11],[15.8],[23.3],[28.9],[34.2],[22],[24.8],[41.5],[27.9],[30.2],[31.6],[22.5],[14.8],[19.9],[14],[7.9],[3.1],[5.3],[4.2],[2.2],[0.6],[0.6],[-2.9],[-5.1]],[[-16.2],[-16.8],[-16.4],[-16.4],[-16.9],[-14.2],[-13.4],[-11.1],[-8.2],[-4.8],[-4.5],[-7.7],[-10.8],[-15.7],[-20.4],[-24.7],[-31.2],[-32.7],[-26.3],[-28.1],[-23.7],[-23.6],[-21.5],[-22.9],[-24],[-19.8],[-23.1],[-19.5],[-19],[-19.2],[-22.9],[-21.9],[-21.9]]]

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Seasonally adjusted estimates in current price terms.

Australia's net international investment liability position was $638.9b at 30 June 2026, a decrease of $122.8b on the revised March quarter 2026 position of $761.7b.

International investment position (IIP)
	Net IIP ($b)	Net Foreign Equity ($b)	Net Foreign Debt ($b)
Jun-18	1,048.9	-80.5	1,129.4
Sep-18	1,029.7	-102.2	1,132.0
Dec-18	1,077.4	-97.6	1,175.0
Mar-19	1,059.4	-131.8	1,191.2
Jun-19	1,074.3	-145.0	1,219.3
Sep-19	1,057.8	-177.6	1,235.4
Dec-19	993.1	-227.2	1,220.3
Mar-20	921.6	-315.0	1,236.5
Jun-20	1,056.5	-129.0	1,185.5
Sep-20	1,064.7	-155.0	1,219.7
Dec-20	1,056.1	-158.2	1,214.3
Mar-21	959.1	-244.4	1,203.5
Jun-21	938.5	-295.2	1,233.7
Sep-21	911.2	-330.0	1,241.2
Dec-21	842.4	-394.2	1,236.6
Mar-22	899.9	-262.5	1,162.4
Jun-22	901.3	-273.6	1,174.9
Sep-22	895.5	-276.7	1,172.3
Dec-22	932.3	-251.6	1,183.9
Mar-23	913.8	-286.8	1,200.6
Jun-23	839.4	-327.2	1,166.6
Sep-23	771.9	-377.2	1,149.1
Dec-23	804.1	-381.8	1,185.9
Mar-24	694.3	-511.8	1,206.1
Jun-24	683.3	-544.2	1,227.5
Sep-24	692.6	-580.8	1,273.4
Dec-24	657.5	-723.5	1,381.0
Mar-25	654.3	-713.8	1,368.1
Jun-25	680.2	-709.0	1,389.2
Sep-25	712.4	-695.0	1,407.4
Dec-25	711.4	-735.1	1,446.5
Mar-26	761.7	-661.0	1,422.7
Jun-26	638.9	-847.1	1,486.0

International investment position (IIP)

["","Net IIP","Net Foreign Equity","Net Foreign Debt"]

[["Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26","Jun-26"],[[1048.9],[1029.7],[1077.4],[1059.4],[1074.3],[1057.8],[993.1],[921.6],[1056.5],[1064.7],[1056.1],[959.1],[938.5],[911.2],[842.4],[899.9],[901.3],[895.5],[932.3],[913.8],[839.4],[771.9],[804.1],[694.3],[683.3],[692.6],[657.5],[654.3],[680.2],[712.4],[711.4],[761.7],[638.9]],[[-80.5],[-102.2],[-97.6],[-131.8],[-145],[-177.6],[-227.2],[-315],[-129],[-155],[-158.2],[-244.4],[-295.2],[-330],[-394.2],[-262.5],[-273.6],[-276.7],[-251.6],[-286.8],[-327.2],[-377.2],[-381.8],[-511.8],[-544.2],[-580.8],[-723.5],[-713.8],[-709],[-695],[-735.1],[-661],[-847.1]],[[1129.4],[1132],[1175],[1191.2],[1219.3],[1235.4],[1220.3],[1236.5],[1185.5],[1219.7],[1214.3],[1203.5],[1233.7],[1241.2],[1236.6],[1162.4],[1174.9],[1172.3],[1183.9],[1200.6],[1166.6],[1149.1],[1185.9],[1206.1],[1227.5],[1273.4],[1381],[1368.1],[1389.2],[1407.4],[1446.5],[1422.7],[1486]]]

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Current Account

Balance on current account, current price, seasonally adjusted ($m)
	Mar 26	Jun 26	Mar 26 to Jun 26
Balance on current account	-25,448	-27,220	-1,772
Balance on goods and services	-2,911	-5,104	-2,193
Net goods	5,881	2,214	-3,667
Net services	-8,793	-7,318	1,475
Net primary income	-21,946	-21,863	83
Net secondary income	-590	-253	337

Terms of trade

Implicit price deflator and terms of trade (a)
	Implicit Price Deflator Goods and services credits	Implicit Price Deflator Goods and services debits	Terms of Trade (net Goods and services)
Jun-18	65.6	79.9	82.1
Sep-18	68.1	81.7	83.4
Dec-18	70.1	82.4	85.1
Mar-19	71.0	82.5	86.1
Jun-19	73.6	82.8	89.0
Sep-19	75.3	83.8	89.8
Dec-19	71.8	84.4	85.0
Mar-20	72.0	84.7	85.0
Jun-20	71.7	83.0	86.4
Sep-20	69.9	80.1	87.3
Dec-20	72.6	80.4	90.3
Mar-21	77.6	80.3	96.7
Jun-21	87.3	82.0	106.5
Sep-21	92.6	86.8	106.6
Dec-21	91.0	92.4	98.5
Mar-22	102.1	95.7	106.8
Jun-22	114.0	98.4	115.8
Sep-22	112.1	101.9	110.0
Dec-22	110.8	104.3	106.3
Mar-23	109.1	100.6	108.4
Jun-23	101.6	99.4	102.2
Sep-23	99.6	100.4	99.2
Dec-23	102.7	101.0	101.6
Mar-24	100.4	99.5	100.9
Jun-24	97.7	99.3	98.4
Sep-24	94.8	99.3	95.5
Dec-24	97.1	100.4	96.7
Mar-25	99.2	103.2	96.1
Jun-25	97.4	102.2	95.3
Sep-25	96.9	101.7	95.2
Dec-25	98.4	103.2	95.3
Mar-26	98.7	102.5	96.3
Jun-26	100.6	106.1	94.8

Relationship between IPD, EPI and IPI

Price comparison (QoQ % change)
	Implicit price deflators (a)(b)	Implicit price deflators (a)(b)	Chain Laspeyres Indexes (a)(b)	International Trade Price Indexes (c)
Goods exports	2.4	-0.7	0.8	1.1
Services exports	0.4	0.5	0.4	na
Goods imports	4.4	5.9	6.1	5.7
Services imports	0.8	1.2	0.7	na

Implicit price deflators and international trade price indexes
	Implicit Price Deflators Goods credits (a)	Implicit Price Deflators Goods debits (a)	Export Price Index (b)	Import Price Index (b)
Jun-18	63.1	82.6	96.5	110.0
Sep-18	66.0	84.6	100.1	112.1
Dec-18	68.4	85.3	104.5	112.7
Mar-19	69.6	85.2	109.2	112.1
Jun-19	72.8	85.2	113.3	113.1
Sep-19	74.8	86.0	114.8	113.5
Dec-19	70.3	86.5	108.8	114.3
Mar-20	70.6	86.5	111.7	113.1
Jun-20	70.1	84.4	109.0	110.9
Sep-20	68.1	81.3	103.4	107.0
Dec-20	71.1	81.1	109.1	105.9
Mar-21	76.7	81.1	121.3	106.1
Jun-21	87.7	81.9	137.3	108.1
Sep-21	93.5	86.3	145.8	113.9
Dec-21	91.7	91.4	150.9	120.5
Mar-22	104.5	95.6	173.0	126.6
Jun-22	118.2	99.1	190.4	132.0
Sep-22	115.7	102.4	183.5	135.9
Dec-22	114.0	104.5	181.9	138.4
Mar-23	111.7	100.4	184.9	132.6
Jun-23	102.6	98.3	169.1	131.6
Sep-23	99.9	99.8	163.9	132.6
Dec-23	103.3	101.4	173.1	134.1
Mar-24	100.4	99.8	169.5	131.7
Jun-24	96.8	99.3	159.5	133.0
Sep-24	93.1	98.7	152.7	131.2
Dec-24	95.5	99.3	158.2	131.5
Mar-25	97.7	103.2	161.6	135.9
Jun-25	95.4	101.6	154.3	134.8
Sep-25	94.5	100.7	152.9	134.2
Dec-25	96.1	102.5	157.8	135.4
Mar-26	96.2	103.0	158.6	135.5
Jun-26	98.5	107.6	160.3	143.2

Balance on goods and services

In seasonally adjusted chain volume terms, the balance on goods and services was a surplus of $4,264m, a rise of $692m on the revised March quarter 2026 surplus of $3,572m.

Goods and services, chain volume measures (a)
	Balance on goods and services ($m)	Balance on goods ($m)	Balance on services ($m)
Jun-18	30,847	37,140	-11,521
Sep-18	34,438	40,346	-11,339
Dec-18	33,908	39,477	-11,317
Mar-19	36,076	39,871	-9,581
Jun-19	39,407	42,922	-9,355
Sep-19	40,053	42,629	-8,410
Dec-19	40,072	41,857	-7,857
Mar-20	41,455	45,463	-8,997
Jun-20	45,107	42,173	1,489
Sep-20	31,934	31,763	-940
Dec-20	34,423	33,417	-421
Mar-21	34,095	34,420	-1,611
Jun-21	25,614	25,939	-1,531
Sep-21	29,564	31,577	-3,002
Dec-21	26,019	28,582	-3,621
Mar-22	15,881	21,137	-6,571
Jun-22	17,992	24,777	-8,322
Sep-22	12,000	21,593	-10,674
Dec-22	19,048	27,164	-8,732
Mar-23	17,937	24,242	-6,554
Jun-23	18,960	26,794	-7,908
Sep-23	16,117	25,066	-8,940
Dec-23	17,085	25,847	-8,740
Mar-24	12,505	21,026	-8,554
Jun-24	10,511	20,219	-9,707
Sep-24	10,617	21,240	-10,623
Dec-24	10,728	20,256	-9,528
Mar-25	10,460	20,293	-9,833
Jun-25	10,018	19,919	-9,901
Sep-25	8,786	18,470	-9,684
Dec-25	8,715	18,339	-9,623
Mar-26	3,572	14,784	-11,212
Jun-26	4,264	13,803	-9,540

Goods and services, chain volume measures (a)

["","Balance on goods and services","Balance on goods","Balance on services"]

[["Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26","Jun-26"],[[30847],[34438],[33908],[36076],[39407],[40053],[40072],[41455],[45107],[31934],[34423],[34095],[25614],[29564],[26019],[15881],[17992],[12000],[19048],[17937],[18960],[16117],[17085],[12505],[10511],[10617],[10728],[10460],[10018],[8786],[8715],[3572],[4264]],[[37140],[40346],[39477],[39871],[42922],[42629],[41857],[45463],[42173],[31763],[33417],[34420],[25939],[31577],[28582],[21137],[24777],[21593],[27164],[24242],[26794],[25066],[25847],[21026],[20219],[21240],[20256],[20293],[19919],[18470],[18339],[14784],[13803]],[[-11521],[-11339],[-11317],[-9581],[-9355],[-8410],[-7857],[-8997],[1489],[-940],[-421],[-1611],[-1531],[-3002],[-3621],[-6571],[-8322],[-10674],[-8732],[-6554],[-7908],[-8940],[-8740],[-8554],[-9707],[-10623],[-9528],[-9833],[-9901],[-9684],[-9623],[-11212],[-9540]]]

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Seasonally adjusted, reference year 2023-24=100.

Exports of goods (credits)

In seasonally adjusted current price terms, goods credits rose $5,144m (3.9%) to $138,091m, with volumes up 1.4% and prices up 2.4%.

Goods credits, price and volume change, seasonally adjusted - June quarter 2026
		Current prices ($m)	Current prices (%)	Chain volume measures (a)(b)(%)	Implicit price deflators (a)(b)(%)
Exports of goods		5,144	3.9	1.4	2.4
	Rural goods	-101	-0.5	-3.1	2.7
	Non-rural goods	7,943	8.6	2.7	5.8
	Net exports of goods under merchanting	-18	-8.9	-8.0	-1.1
	Non-monetary gold(c)	-2,681	-12.5	-4.1	-8.8

Reference year 2023-24=100.
Movements in indexes are calculated from unrounded data.
This component is not seasonally adjusted.

Rural goods

Rural goods (a)
	Mar 26 ($m)	Jun 26 ($m)	Mar 26 to Jun 26 ($m)	Mar 26 to Jun 26 (%)
Rural goods	19,368	19,267	-101	-0.5
	Meat and meat preparations	7,448	7,717	269	3.6
	Cereal grains and cereal preparations	3,881	3,537	-344	-8.9
	Wool and sheepskins	845	935	90	10.7
	Other rural(b)	7,194	7,078	-116	-1.6

Non-rural goods

Non-rural goods (a)
	Mar 26 ($m)	Jun 26 ($m)	Mar 26 to Jun 26 ($m)	Mar 26 to Jun 26 (%)
Non-rural goods	92,001	99,944	7,943	8.6
	Metal ores and minerals(b)	40,224	41,998	1,774	4.4
	Coal, coke and briquettes(b)	15,655	19,666	4,011	25.6
	Other mineral fuels(b)	16,575	17,756	1,181	7.1
	Metals (excl. non-monetary gold)	4,592	4,744	152	3.3
	Machinery	4,007	4,034	27	0.7
	Transport equipment	1,540	1,503	-37	-2.4
	Other manufactures	6,433	6,958	525	8.2
	Other non-rural (incl. sugar and beverages)(c)	1,969	2,101	132	6.7
	Goods procured in ports by carriers(d)	1,008	1,185	177	17.6

Selected major commodities (a)
	Metal ores and minerals ($m)	Coal, coke and briquettes ($m)	Other mineral fuels ($m)
Jun-18	22,950	15,926	12,763
Sep-18	23,639	17,455	14,188
Dec-18	25,572	17,905	15,784
Mar-19	27,257	16,876	15,011
Jun-19	32,837	17,240	15,564
Sep-19	35,218	16,228	15,432
Dec-19	31,515	13,626	14,726
Mar-20	31,409	13,352	14,977
Jun-20	34,464	11,478	13,292
Sep-20	37,366	9,360	8,005
Dec-20	41,959	9,147	8,846
Mar-21	47,810	9,804	10,548
Jun-21	54,659	10,884	12,570
Sep-21	49,914	18,121	17,433
Dec-21	34,846	24,556	21,370
Mar-22	42,537	29,855	21,635
Jun-22	43,923	41,218	27,325
Sep-22	41,068	36,203	29,191
Dec-22	42,456	34,664	29,044
Mar-23	48,912	30,037	25,852
Jun-23	44,375	26,862	22,533
Sep-23	45,749	22,503	20,598
Dec-23	48,397	24,096	20,289
Mar-24	44,936	23,840	21,851
Jun-24	40,894	21,661	20,894
Sep-24	39,177	20,663	19,328
Dec-24	40,381	19,248	19,906
Mar-25	42,166	16,376	18,991
Jun-25	39,830	15,279	19,695
Sep-25	41,545	16,242	17,835
Dec-25	43,793	16,370	16,381
Mar-26	40,224	15,655	16,575
Jun-26	41,998	19,666	17,756

Imports of goods (debits)

In seasonally adjusted current price terms, goods debits rose $8,811m (6.9%) to $135,877m, with volumes up 2.4% while prices rose 4.4%.

Goods debits, price and volume change, seasonally adjusted - June quarter 2026
		Current prices ($m)	Current prices (%)	Chain volume measures (a)(b)(%)	Implicit price deflators (a)(b)(%)
Total Goods Imports		8,811	6.9	2.4	4.4
	Consumption goods	2,562	7.1	7.4	-0.4
	Capital goods	-195	-0.6	-0.6	0.0
	Intermediate and other merchandise goods	7,705	14.9	1.4	13.3
	Non-monetary gold(c)	-1,261	-16.0	-7.6	-9.1

Reference year 2023-24=100.
Movements in indexes are calculated from unrounded data.
This component is not seasonally adjusted.

Consumption goods

Consumption goods (a)(b)
	Mar 26 ($m)	Jun 26 ($m)	Mar 26 to Jun 26 ($m)	Mar 26 to Jun 26 (%)
Consumption goods	-36,255	-38,817	2,562	7.1
	Food and beverages, mainly for consumption	-5,690	-5,597	-93	-1.6
	Household electrical items	-1,984	-1,908	-76	-3.8
	Non-industrial transport equipment	-8,466	-11,688	3,222	38.1
	Textiles, clothing and footwear	-6,009	-5,832	-177	-2.9
	Toys, books and leisure goods	-2,300	-2,258	-42	-1.8
	Consumption goods n.e.s.	-11,806	-11,533	-273	-2.3

Capital goods

Capital goods(a)(b)
	Mar 26 ($m)	Jun 26 ($m)	Mar 26 to Jun 26 ($m)	Mar 26 to Jun 26 (%)
Capital goods	-31,182	-30,987	-195	-0.6
	Machinery and industrial equipment	-9,092	-9,364	272	3.0
	ADP equipment	-7,931	-5,984	-1,947	-24.5
	Telecommunications equipment	-4,719	-4,603	-116	-2.5
	Civil aircraft and confidentialised items(c)(d)	-779	-2,145	1,366	175.4
	Industrial transport equipment n.e.s.	-4,157	-4,671	514	12.4
	Capital goods n.e.s.(e)	-4,503	-4,220	-283	-6.3

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a)(b)
	Mar 26 ($m)	Jun 26 ($m)	Mar 26 to Jun 26 ($m)	Mar 26 to Jun 26 (%)
Intermediate and other merchandise goods	-51,751	-59,456	7,705	14.9
	Food and beverages, mainly for industry	-925	-904	-21	-2.3
	Primary industrial supplies n.e.s.(c)	-818	-956	138	16.9
	Fuels and lubricants(d)(e)	-15,682	-22,340	6,658	42.5
	Parts for transport equipment	-6,472	-5,862	-610	-9.4
	Parts for ADP equipment	-315	-284	-31	-9.8
	Other parts for capital goods	-6,446	-6,542	96	1.5
	Organic and inorganic chemicals	-1,162	-1,488	326	28.1
	Paper and paperboard	-686	-684	-2	-0.3
	Textile yarn and fabrics	-431	-404	-27	-6.3
	Iron and steel (f)	-1,196	-1,135	-61	-5.1
	Plastics	-1,455	-1,628	173	11.9
	Processed industrial supplies n.e.s.	-15,236	-15,883	647	4.2
	Other merchandise goods(g)(h)	-324	-511	187	57.7
	Goods procured in ports by carriers(i)	-605	-835	230	38.0

Services

In seasonally adjusted current price terms, services credits fell $413m (1.1%) to $36,397m, with volumes down 1.5% and prices up 0.4%.

Services exports, price and volume change, seasonally adjusted - June quarter 2026
		Current prices ($m)	Current prices (%)	Chain volume measures (a)(b)(%)	Implicit price deflators (a)(b)(%)
Exports of services		-413	-1.1	-1.5	0.4
	Manufacturing services on physical inputs owned by others	-	-	-	-
	Maintenance and repair services n.i.e.	-	-	-	1.8
	Transport(c)	28	1.2	-2.6	3.9
	Travel	-483	-2.2	-2.0	-0.2
	Other services	43	0.3	-0.6	1.0

- nil or rounded to zero (including null cells)

Reference year 2023-24=100.
Movements in indexes are calculated from unrounded data.
Separate seasonal factors for current price and chain volume measures are applied to Passenger transport.

In seasonally adjusted current price terms, services debits fell $1,887m (4.1%) to $43,715m, with volumes down 4.9% and prices up 0.8%.

Services imports, price and volume change, seasonally adjusted - June quarter 2026
		Current prices ($m)	Current prices (%)	Chain volume measures (a)(b)(%)	Implicit price deflators (a)(b)(%)
Imports of services		-1,887	-4.1	-4.9	0.8
	Manufacturing services on physical inputs owned by others	-	-	-	-
	Maintenance and repair services n.i.e.	22	5.8	6.4	-0.5
	Transport(c)	196	2.7	-4.2	7.3
	Travel	-2,547	-13.9	-12.7	-1.4
	Other services	443	2.2	2.3	-0.1

- nil or rounded to zero (including null cells)

Reference year 2023-24=100.
Movements in indexes are calculated from unrounded data.
Separate seasonal factors for current price and chain volume measures are applied to Passenger transport.

Income

Net primary income deficit decreased by $83m to $21,863m in the June quarter 2026.

Net primary income (a)
	Net primary income ($b)	Primary income credits ($b)	Primary income debits ($b)
Jun-18	-16.2	16.2	-32.4
Sep-18	-16.8	16.5	-33.4
Dec-18	-16.4	17.0	-33.4
Mar-19	-16.4	17.9	-34.3
Jun-19	-16.9	16.8	-33.8
Sep-19	-14.2	16.5	-30.7
Dec-19	-13.4	17.1	-30.6
Mar-20	-11.1	16.8	-27.9
Jun-20	-8.2	14.2	-22.4
Sep-20	-4.8	15.2	-20.1
Dec-20	-4.5	14.5	-19.0
Mar-21	-7.7	15.6	-23.3
Jun-21	-10.8	15.7	-26.6
Sep-21	-15.7	17.5	-33.1
Dec-21	-20.4	18.8	-39.2
Mar-22	-24.7	19.8	-44.4
Jun-22	-31.2	22.9	-54.1
Sep-22	-32.7	22.3	-55.0
Dec-22	-26.3	25.6	-51.9
Mar-23	-28.1	23.0	-51.1
Jun-23	-23.7	23.8	-47.5
Sep-23	-23.6	25.1	-48.7
Dec-23	-21.5	25.5	-47.0
Mar-24	-22.9	26.3	-49.2
Jun-24	-24.0	26.2	-50.2
Sep-24	-19.8	27.3	-47.1
Dec-24	-23.1	26.9	-50.1
Mar-25	-19.5	27.8	-47.3
Jun-25	-19.0	28.5	-47.5
Sep-25	-19.2	30.2	-49.4
Dec-25	-22.9	28.1	-51.0
Mar-26	-21.9	29.5	-51.5
Jun-26	-21.9	30.7	-52.6

Net primary income (a)

["","Net primary income","Primary income credits","Primary income debits"]

[["Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26","Jun-26"],[[-16.2],[-16.8],[-16.4],[-16.4],[-16.9],[-14.2],[-13.4],[-11.1],[-8.2],[-4.8],[-4.5],[-7.7],[-10.8],[-15.7],[-20.4],[-24.7],[-31.2],[-32.7],[-26.3],[-28.1],[-23.7],[-23.6],[-21.5],[-22.9],[-24],[-19.8],[-23.1],[-19.5],[-19],[-19.2],[-22.9],[-21.9],[-21.9]],[[16.2],[16.5],[17],[17.9],[16.8],[16.5],[17.1],[16.8],[14.2],[15.2],[14.5],[15.6],[15.7],[17.5],[18.8],[19.8],[22.9],[22.3],[25.6],[23],[23.8],[25.1],[25.5],[26.3],[26.2],[27.3],[26.9],[27.8],[28.5],[30.2],[28.1],[29.5],[30.7]],[[-32.4],[-33.4],[-33.4],[-34.3],[-33.8],[-30.7],[-30.6],[-27.9],[-22.4],[-20.1],[-19],[-23.3],[-26.6],[-33.1],[-39.2],[-44.4],[-54.1],[-55],[-51.9],[-51.1],[-47.5],[-48.7],[-47],[-49.2],[-50.2],[-47.1],[-50.1],[-47.3],[-47.5],[-49.4],[-51],[-51.5],[-52.6]]]

[]

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Seasonally adjusted estimates in current price terms.

Primary income credits

Primary income credits, in seasonally adjusted, current price terms rose $1,172m (4.0%). The key components contributing to the increase were:

Portfolio investment assets - interest; up $674m (11.5%)
Portfolio investment assets - income on equity and investment fund shares; up $148m (1.4%)
Other investment assets; up $125m (8.0%)
Direct investment assets - income on equity and investment fund shares; up $94m (0.9%)
Direct investment assets - interest; up $91m (29.5%)

Primary income debits

Primary income debits, in seasonally adjusted, current price terms rose $1,088m (2.1%). The key components contributing to the increase were:

Portfolio investment liabilities - interest; up $990m (5.9%)
Direct investment liabilities - interest; up $68m (12.6%)
Other investment liabilities; up $61m (2.0%)

Partly offset by:

Compensation of employees; down $38m (-0.7%)

Secondary income

In current price seasonally adjusted terms, the net secondary income deficit narrowed to $253m from a revised $590m deficit in the March quarter 2026.

Secondary income debits fell $269m (6.2%) while credits rose $69m (1.8%) in the June quarter 2026.

Capital and Financial Account

The capital and financial account recorded a surplus of $5.3b during the June 2026 quarter, driven by the financial account surplus of $7.6b.

The financial account recorded a surplus due to a $38.9b net outflow of equity and a $46.5b net inflow of debt.

Capital and financial account ($m)
			Sep 25	Dec 25	Mar 26	Jun 26	Mar 26 to Jun 26
Capital account			-348	-1,872	-222	-2,296	-2,074
	Acquisitions/disposals of non-produced non-financial assets		-	-2	-17	65	82
		Acquisitions/disposals of non-produced non-financial assets credits	5	-	-	76	76
		Acquisitions/disposals of non-produced non-financial assets debits	-5	-2	-17	-11	6
	Capital transfers		-348	-1,870	-205	-2,361	-2,156
		Capital transfers credits	-	-	-	-	-
		Capital transfers debits	-348	-1,870	-205	-2,361	-2,156
Financial account			40,477	22,815	16,822	7,591	-9,231
	Direct investment		15,517	20,204	12,234	15,140	2,906
		Direct investment assets	3,757	1,707	-6,993	-3,128	3,865
		Direct investment liabilities	11,760	18,497	19,227	18,268	-959
	Portfolio investment		36,776	-24,367	49,372	-87,562	-136,934
		Portfolio investment assets	-43,774	-76,004	-28,467	-118,179	-89,712
		Portfolio investment liabilities	80,550	51,637	77,839	30,617	-47,222
	Financial derivatives		-10,537	1,136	-1,175	2,731	3,906
		Financial derivatives assets	78,494	126,845	255,633	219,882	-35,751
		Financial derivatives liabilities	-89,031	-125,709	-256,808	-217,150	39,658
	Other investment		1,973	30,201	-48,490	74,855	123,345
		Other investment assets	5,138	5,483	-38,079	27,844	65,923
		Other investment liabilities	-3,165	24,719	-10,412	47,011	57,423
	Reserve assets		-3,252	-4,360	4,881	2,427	-2,454
Net errors and omissions			-13,957	-1,363	7,699	19,507	11,808

- nil or rounded to zero (including null cells)

International Investment Position

Australia's international investment liability position was $638.9b at 30 June 2026, a decrease of $122.8b on the revised 31 March 2026 figure of $761.7b. Australia's net foreign equity asset position increased $186.1b to $847.1b and Australia's net foreign debt liability position increased $63.3b to $1,486.0b.

International investment position, by net foreign equity and net foreign debt ($m)
		Position at beginning of period	Transactions	Price changes	Exchange rate changes	Other adjustments	Position at end of period
Net International Investment Position	Dec‑25	712,417	22,815	-61,018	16,120	21,021	711,357
	Mar‑26	711,357	16,822	11,378	45,423	-23,247	761,732
	Jun‑26	761,732	7,591	-151,031	23,014	-2,389	638,918
Net Foreign Equity	Dec‑25	-695,013	-29,651	-47,936	22,374	15,102	-735,124
	Mar‑26	-735,124	5,278	21,723	66,579	-19,437	-660,981
	Jun‑26	-660,981	-38,910	-159,938	18,878	-6,152	-847,103
Net Foreign Debt	Dec‑25	1,407,430	52,467	-13,081	-6,254	5,919	1,446,481
	Mar‑26	1,446,481	11,544	-10,345	-21,156	-3,810	1,422,714
	Jun‑26	1,422,714	46,502	8,907	4,136	3,763	1,486,021

Changes in this issue

Preparatory International insurance revisions in June quarter 2026

Review of seasonal adjustment

Changes to Data Downloads

Data downloads

The ABS has made changes to the Data downloads in this publication. See the 'Changes in this issue' for further details.

Time series spreadsheets

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Data files

Table 1. Balance of payments, summary: original - quarter
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Table 2. International investment position: by net foreign equity and net foreign debt - quarter
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Table 3. Foreign assets and liabilities: by equity and debt - quarter
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Table 4. Current account transactions: seasonally adjusted and trend estimates - quarter
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Table 5. Goods and services: chain volume measures and indexes - quarter
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Table 6. Goods credits
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Table 7. Goods debits
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Table 8. Services credits
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Table 9. Services debits
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Table 10. Income credits - quarter
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Table 11. Income debits - quarter
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Table 12. Capital account: original - quarter
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Table 13. Financial account - quarter
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Table 14. International investment: foreign assets - quarter
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Table 15. International investment: foreign liabilities - quarter
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Table 16. Foreign debt levels - quarter
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Table 17. Gross external debt liabilities: levels - quarter
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Table 18. Currency and residual maturity of foreign debt - quarter
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Table 20. Foreign assets and liabilities by industry - quarter
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Table 21. Goods and services credit by state on a balance of payments basis - quarter
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Table 22. Goods and services debits by state on a balance of payments basis - quarter
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Table 23. Selected international accounts ratios: seasonally adjusted - quarter
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Table 24. Quarterly combined seasonal adjustment factors
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Table 25. Exports by SITC division on a balance of payments basis - quarter
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Table 26. Imports by broad economic category on a balance of payments basis - quarter
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Table 27. International investment: directional principle - quarter
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Table 28. Summary of revisions - quarter
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Table 29. International investment position: historical summary - quarter
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Table 30. Balance of payments, summary: original - financial year
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Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30 am release on the ABS website. Please check the reference period when using Data Explorer.

Balance of Payments - Value of the Balance of Payments and International Investment Position in original, seasonally adjusted and trend, quarterly, September quarter 1959 onwards

Balance of Payments and International Investment Position: Combined current price seasonal adjustment factors - Seasonal factors for current account components, quarterly, September quarter 1959 onwards

Balance of Payments by State - Value of exports goods and services and imports goods and services in original, seasonally adjusted and trend, by state, quarterly, September quarter 2011 onwards

Balance of Payments: Goods Exports and Imports - Value of goods exports and imports in chain volume measures and implicit price indexes, original terms, quarterly, September quarter 1974 onwards

International Investment Positions - IIP, net equity and debt positions, foreign assets and liabilities by equity and debt, original, quarterly, September quarter 1988 onwards

For information on Data Explorer and how it works, refer to the Data Explorer user guide.

Supplementary information

Revisions

Value adjustments

Goods credits data presented in this publication are based on information provided by exporters to the Department of Home Affairs (Home Affairs). At the time of initial reporting to Home Affairs, final transaction prices are not known for some commodities. Final quantity and/or unit price information is updated progressively 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 original current price terms. When final transaction prices become available adjusted estimates are replaced with these data.

In most instances, transfer of ownership occurs when goods cross the customs frontier. In certain circumstances the ownership of large value capital expenditure items occurs prior to the items crossing the customs frontier. The ABS adjusts the relevant balance of payments series to record the timing when transfer of ownership takes place.

Exports on an international merchandise trade basis

On a merchandise trade basis, adjustments have been applied to iron ore lumps and iron ore fines. When final transaction information becomes available, the adjusted estimates are replaced with these data.

Goods on a balance of payments basis

Coal, coke and briquettes adjustment, BoP Basis
	Dec 25 ($m)	Mar 26 ($m)	Jun 26 ($m)
Coal, coke and briquettes		265	475

Capital expenditure (in original terms)

The balance of payments goods debits component capital goods n.e.s. includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the customs frontier.

Economic conditions

Country	MSCI quarter-on-quarter percentage change (a) (%)	AUD exchange rate quarter-on-quarter percentage change (b) (%)
Australia	3.28	na
United States of America	14.95	0.35
United Kingdom	2.57	0.12
Europe	11.53	1.11
China	-7.82	-1.38
Japan	16.52	2.02
Singapore	8.21	0.62
India	9.47	0.05
New Zealand	9.09	1.45

Methodology

Balance of Payments and International Investment Position, Australia methodology, June 2026

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	Implicit price deflators (a)(b)	Implicit price deflators (a)(b)	Chain Laspeyres Indexes (a)(b)	International Trade Price Indexes (c)
	Seasonally Adjusted	Original	Original	Original
Goods exports	2.4	-0.7	0.8	1.1
Services exports	0.4	0.5	0.4	na
Goods imports	4.4	5.9	6.1	5.7
Services imports	0.8	1.2	0.7	na

APA

Balance of Payments and International Investment Position, Australia

APA

Key statistics

International accounts overview

Current Account

Terms of trade

Relationship between IPD, EPI and IPI

Balance on goods and services

Exports of goods (credits)

Rural goods

Non-rural goods

Imports of goods (debits)

Consumption goods

Capital goods

Intermediate and other merchandise goods

Services

Income

Primary income credits

Primary income debits

Secondary income

Capital and Financial Account

International Investment Position

Changes in this issue

Preparatory International insurance revisions in June quarter 2026

Review of seasonal adjustment

Changes to Data Downloads

Data downloads

Time series spreadsheets

Table 1. Balance of payments, summary: original - quarter

Table 2. International investment position: by net foreign equity and net foreign debt - quarter

Table 3. Foreign assets and liabilities: by equity and debt - quarter

Table 4. Current account transactions: seasonally adjusted and trend estimates - quarter

Table 5. Goods and services: chain volume measures and indexes - quarter

Table 6. Goods credits

Table 7. Goods debits

Table 8. Services credits

Table 9. Services debits

Table 10. Income credits - quarter

Table 11. Income debits - quarter

Table 12. Capital account: original - quarter

Table 13. Financial account - quarter

Table 14. International investment: foreign assets - quarter

Table 15. International investment: foreign liabilities - quarter

Table 16. Foreign debt levels - quarter

Table 17. Gross external debt liabilities: levels - quarter

Table 18. Currency and residual maturity of foreign debt - quarter

Table 20. Foreign assets and liabilities by industry - quarter

Table 21. Goods and services credit by state on a balance of payments basis - quarter

Table 22. Goods and services debits by state on a balance of payments basis - quarter

Table 23. Selected international accounts ratios: seasonally adjusted - quarter

Table 24. Quarterly combined seasonal adjustment factors

Table 25. Exports by SITC division on a balance of payments basis - quarter

Table 26. Imports by broad economic category on a balance of payments basis - quarter

Table 27. International investment: directional principle - quarter

Table 28. Summary of revisions - quarter

Table 29. International investment position: historical summary - quarter

Table 30. Balance of payments, summary: original - financial year

Data Explorer datasets

Supplementary information

Revisions

Value adjustments

Exports on an international merchandise trade basis

Goods on a balance of payments basis

Economic conditions

Methodology

Media releases

Fuel and vehicle imports widen Australia's trade deficit

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