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MARCH KEY FIGURES

		Jan 2019	Feb 2019	Mar 2019	Feb 19 to Mar 19
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	4 471	5 198	5 874	13
	Seasonally adjusted	4 653	5 140	4 949	-4
CREDITS (Exports of goods & services)
	Trend estimates	39 419	39 988	40 504	1
	Seasonally adjusted	39 813	40 043	39 340	-2
DEBITS (Imports of goods & services)
	Trend estimates	34 948	34 790	34 630	-
	Seasonally adjusted	35 159	34 903	34 391	-1
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $5,874m in March 2019, an increase of $676m on the surplus in February 2019.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $4,949m in March 2019, a decrease of $191m on the surplus in February 2019.

• In seasonally adjusted terms, goods and services credits fell $703m (2%) to $39,340m. Non-monetary gold fell $626m (31%) and non-rural goods fell $189m (1%). Rural goods rose $129m (3%) and net exports of goods under merchanting rose $1m (10%). Services credits fell $18m.

• In seasonally adjusted terms, goods and services debits fell $512m (1%) to $34,391m. Capital goods fell $344m (5%) and consumption goods fell $294m (3%). Intermediate and other merchandise goods rose $197m (2%) and non-monetary gold rose $20m (5%). Services debits fell $90m (1%).