5368.0 - International Trade in Goods and Services, Australia, Oct 2012

Quality Declaration

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/12/2012

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OCTOBER KEY FIGURES

		Aug 2012	Sep 2012	Oct 2012	Sep 12 to Oct 12
		$m	$m	$m	% change

BALANCE ON GOODS AND SERVICES
	Trend estimates	–1 443	–1 695	–1 936	–14
	Seasonally adjusted	–1 875	–1 420	–2 088	–47
CREDITS (Exports of goods & services)
	Trend estimates	24 961	24 574	24 228	–1
	Seasonally adjusted	24 365	24 306	24 405	–
DEBITS (Imports of goods & services)
	Trend estimates	26 404	26 269	26 164	–
	Seasonally adjusted	26 240	25 725	26 493	3

– 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

OCTOBER KEY POINTS

BALANCE ON GOODS AND SERVICES

In trend terms, the balance on goods and services was a deficit of $1,936m in October 2012, a rise of $241m (14%) on the deficit in September 2012.
In seasonally adjusted terms, the balance on goods and services was a deficit of $2,088m in October 2012, a rise of $668m (47%) on the deficit in September 2012.

CREDITS (EXPORTS OF GOODS & SERVICES)

In seasonally adjusted terms, goods and services credits rose $99m to $24,405m. Rural goods rose $155m (5%) and non–monetary gold rose $102m (7%). Non–rural goods fell $158m (1%) and net exports of goods under merchanting fell $2m (14%). Services credits rose $2m.

DEBITS (IMPORTS OF GOODS & SERVICES)

In seasonally adjusted terms, goods and services debits rose $768m (3%) to $26,493m. Capital goods rose $674m (13%), consumption goods rose $152m (3%) and intermediate and other merchandise goods rose $86m (1%). Non–monetary gold fell $138m (20%). Services debits fell $6m.

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
November 2012	8 January 2013
December 2012	5 February 2013
January 2013	7 March 2013
February 2013	3 April 2013
March 2013	7 May 2013
April 2013	6 June 2013

REVISIONS

Since the previous issue of this publication revisions have been made to incorporate the latest data relating to international merchandise trade and information on capital expenditure. On an international merchandise trade basis, exports and imports have been revised back to April 2012. On a balance of payments basis goods and services debits have been revised back to April 2012.

See the Revisions section for details.

CHANGES IN THIS ISSUE

Changes in this issue:

Changes to statistics presented on a country basis
Introduction of new time series spreadsheet.

See the Changes in this issue section for details.

VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'metal ores and minerals' and 'capital goods n.e.s.' components in the balance of payments series.

See the Commodity value adjustment section for details.

RELATED RELEASES

Trade in services data cubes:

The data cubes International Trade in Services by Country, by State and by Detailed Services Category, Financial Year, 2011–12 (cat no. 5368.0.55.003) was released on 7 November 2012 and is accessible on the ABS website <www.abs.gov.au>.

Preliminary quarterly volume and price estimates:

A new electronic publication, Balance of Payments – Goods and Services, Preliminary Quarterly Estimates (cat. no. 5302.0.55.004), was released on 27 November 2012. This publication includes preliminary quarterly estimates of the current price balance on goods and services and preliminary quarterly estimates of chain volume measures and price indexes for goods debits, and is accessible on the ABS website <www.abs.gov.au>.

INQUIRIES

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