5368.0 - International Trade in Goods and Services, Australia, Jul 2010 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/09/2010   
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JULY KEY FIGURES

May 2010
Jun 2010
Jul 2010
Jun 10 to Jul 10
$m
$m
$m
% change
BALANCE ON GOODS AND SERVICES
Trend estimates
1 957
2 198
2 361
. .
Seasonally adjusted
1 901
3 438
1 888
. .
CREDITS (Exports of goods & services)
Trend estimates
24 753
25 339
25 836
2
Seasonally adjusted
24 992
26 586
25 395
-4
DEBITS (Imports of goods & services)
Trend estimates
22 796
23 140
23 475
1
Seasonally adjusted
23 090
23 148
23 507
2
. . not applicable

Balance on Goods and Services
Graph: Graph This graph show the Balance on Goods and Services for the Trend and Seasonally adjusted series



JULY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • The trend estimate of the balance on goods and services was a surplus of $2,361m in July 2010, an increase of $163m on the revised surplus in June 2010.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,888m in July 2010, a decrease of $1,550m on the revised surplus in June 2010.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $1,191m (4%) to $25,395m. Non-rural goods fell $1,076m (6%) and non-monetary gold fell $219m (15%). Rural goods rose $113m (5%). Services credits fell $15m.


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $359m (2%) to $23,507m. Intermediate and other merchandise goods rose $698m (9%) and capital goods rose $4m. Non-monetary gold fell $269m (44%) and consumption goods fell $64m (1%). Services debits fell $9m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2010 5 October 2010
September 2010 4 November 2010
October 2010 2 December 2010
November 2010 11 January 2011
December 2010 3 February 2011
January 2011 3 March 2011



REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade. There were no revisions to the balance of payments series in original terms.


IRON ORE AND COAL PRICES

Adjustments have been made to the value of the 'metal ores and minerals' and 'coal, coke and briquettes' components in the balance of payments series. See the section Commodity prices adjustment, for details.


CHANGES IN CURRENT ISSUE

Tables 12 and 13 of this publication present the major commodities for international merchandise trade exports and imports respectively. As part of an annual review, the major commodities have been updated in this issue.

Table 12, International merchandise exports major commodities:
  • 287 ores and concentrates of base metals, n.e.s., and
  • 542 medicaments

replace:
  • 268 wool and other animal hair, and
  • 334 refined petroleum oils.

Table 13, International merchandise imports major commodities:
  • 743 air pumps, compressors or fans; hoods; centrifuges; filtering apparatus; parts, and
  • 894 baby carriages, toys, games and sporting goods

replace:
  • 641 paper and paperboard, and
  • 751 office machines.

In addition, the description for SITC 761, televisions has been updated to 761, televisions, monitors and projectors.


INQUIRIES

For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for Goods, and Lee Taylor on Canberra (02) 6252 6377 for Services.