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MARCH KEY FIGURES

		Jan 2017	Feb 2017	Mar 2017	Feb 17 to Mar 17
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	3 079	3 539	3 804	7
	Seasonally adjusted	2 225	3 657	3 107	-15
CREDITS (Exports of goods & services)
	Trend estimates	32 644	33 294	33 716	1
	Seasonally adjusted	32 547	32 567	33 343	2
DEBITS (Imports of goods & services)
	Trend estimates	29 565	29 755	29 912	1
	Seasonally adjusted	30 322	28 910	30 235	5

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $3,804m in March 2017, an increase of $265m (7%) on the surplus in February 2017.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $3,107m in March 2017, a decrease of $550m (15%) on the surplus in February 2017.

• In seasonally adjusted terms, goods and services credits rose $776m (2%) to $33,343m. Non-monetary gold rose $443m (32%), rural goods rose $271m (7%) and non-rural goods rose $19m. Net exports of goods under merchanting fell $1m (2%). Services credits rose $45m (1%).

• In seasonally adjusted terms, goods and services debits rose $1,325m (5%) to $30,235m. Consumption goods rose $751m (10%), intermediate and other merchandise goods rose $715m (8%) and non-monetary gold rose $68m (14%). Capital goods fell $214m (4%). Services debits rose $6m.