5368.0 - International Trade in Goods and Services, Australia, Aug 2018 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/10/2018   
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AUGUST KEY FIGURES

Jun 2018
Jul 2018
Aug 2018
Jul 18 to Aug 18
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
1 498
1 595
1 716
8
Seasonally adjusted
2 119
1 548
1 604
4
CREDITS (Exports of goods & services)
Trend estimates
36 047
36 382
36 664
1
Seasonally adjusted
36 701
36 377
36 562
1
DEBITS (Imports of goods & services)
Trend estimates
34 549
34 787
34 948
-
Seasonally adjusted
34 581
34 828
34 958
-

- 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



AUGUST KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $1,716m in August 2018, an increase of $121m on the surplus in July 2018.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,604m in August 2018, an increase of $56m on the surplus in July 2018.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $185m (1%) to $36,562m. Non-monetary gold rose $228m (13%) and rural goods rose $134m (3%). Non-rural goods fell $222m (1%). Net exports of goods under merchanting remained steady at $18m. Services credits rose $45m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $130m to $34,958m. Capital goods rose $569m (9%) and consumption goods rose $32m. Non-monetary gold fell $289m (41%) and intermediate and other merchandise goods fell $264m (2%). Services debits rose $83m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2018 1 November 2018
October 2018 6 December 2018
November 2018 8 January 2019
December 2018 5 February 2019
January 2019 7 March 2019
February 2019 3 April 2019


PRIVACY

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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for goods, and International Trade in Services at <trade.services@abs.gov.au> for services.