5368.0 - International Trade in Goods and Services, Australia, May 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/07/2013   
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MAY KEY FIGURES

Mar 2013
Apr 2013
May 2013
Apr 13 to May 13
$m
$m
$m
% change
BALANCE ON GOODS AND SERVICES
Trend estimates
159
472
721
53
Seasonally adjusted
508
171
670
292
CREDITS (Exports of goods and services)
Trend estimates
25 615
25 859
26 065
1
Seasonally adjusted
25 684
25 530
26 444
4
DEBITS (Imports of goods and services)
Trend estimates
25 456
25 387
25 344
–
Seasonally adjusted
25 176
25 360
25 774
2
– 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



MAY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $721m in May 2013, an increase of $249m (53%) on the surplus in April 2013.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $670m in May 2013, an increase of $499m (292%) on the surplus in April 2013.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $914m (4%) to $26,444m. Non–rural goods rose $682m (4%), non–monetary gold rose $135m (10%) and rural goods rose $58m (2%). Net exports of goods under merchanting remained steady at $12m. Services credits rose $39m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $414m (2%) to $25,774m. Consumption goods rose $357m (7%) and intermediate and other merchandise goods rose $351m (4%). Capital goods fell $290m (5%) and non–monetary gold fell $15m (3%). Services debits rose $10m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2013 6 August 2013
July 2013 5 September 2013
August 2013 2 October 2013
September 2013 6 November 2013
October 2013 5 December 2013
November 2013 7 January 2014



REVISIONS

Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication:
  • on an international merchandise trade basis, exports and imports have been revised back to November 2012
  • on a balance of payments basis, goods credits and debits have been revised back to October 2012, and services credits and debits back to July 2012.

Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms, since the last issue of this publication. In original terms, the revisions have increased the deficit on goods and services for the ten months to April 2013 by $360m.


CHANGES IN THIS ISSUE

CHANGES TO LABEL FOR TREATMENT CODE 821

From this issue the label for treatment code 821 has been changed from 'Goods imported under the Texco scheme' to 'Goods specified in a tradex order imported by the holder of the tradex order'.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'capital goods n.e.s.' component in the balance of payments series.

See the Value adjustments section for details.


RELATED RELEASES

See the Related releases section for details.


INQUIRIES

For further information contact Val Tot on Canberra (02) 6252 5540 for Goods, and Lauren Binns on Hobart (03) 6222 5926 for Services.