SEPTEMBER KEY FIGURES
| | Jul 2013 | Aug 2013 | Sep 2013 | Aug 13 to Sep 13 |
| | $m | $m | $m | % change |
|
BALANCE ON GOODS AND SERVICES | | | | |
| Trend estimates | -744 | -727 | -678 | 7 |
| Seasonally adjusted | -1 413 | -693 | -284 | 59 |
CREDITS (Exports of goods and services) | | | | |
| Trend estimates | 26 581 | 26 845 | 27 095 | 1 |
| Seasonally adjusted | 26 272 | 27 185 | 27 309 | - |
DEBITS (Imports of goods and services) | | | | |
| Trend estimates | 27 325 | 27 571 | 27 773 | 1 |
| Seasonally adjusted | 27 685 | 27 878 | 27 593 | -1 |
|
- nil or rounded to zero (including null cells) |
Balance on Goods and Services
| |
SEPTEMBER KEY POINTS
BALANCE ON GOODS AND SERVICES
- In trend terms, the balance on goods and services was a deficit of $678m in September 2013, a decrease of $49m (7%) on the deficit in August 2013.
- In seasonally adjusted terms, the balance on goods and services was a deficit of $284m in September 2013, a decrease of $409m (59%) on the deficit in August 2013.
CREDITS (EXPORTS OF GOODS AND SERVICES)
- In seasonally adjusted terms, goods and services credits rose $124m to $27,309m. Non-rural goods rose $206m (1%). Rural goods fell $88m (3%), net exports of goods under merchanting fell $1m (3%) and non-monetary gold fell $1m. Services credits rose $8m.
DEBITS (IMPORTS OF GOODS AND SERVICES)
- In seasonally adjusted terms, goods and services debits fell $285m (1%) to $27,593m. Consumption goods fell $213m (3%), capital goods fell $160m (3%) and non-monetary gold fell $148m (29%). Intermediate and other merchandise goods rose $215m (2%). Services debits rose $21m.
NOTES
FORTHCOMING ISSUES
ISSUE | Release Date |
October 2013 | 5 December 2013 |
November 2013 | 7 January 2014 |
December 2013 | 6 February 2014 |
January 2014 | 6 March 2014 |
February 2014 | 3 April 2014 |
March 2014 | 6 May 2014 |
REVISIONS
Revisions have been made to incorporate the latest data relating to international trade in goods and services:
- on an international merchandise trade basis, exports and imports of goods have been revised back to March 2013
- on a balance of payments basis revisions have been applied to:
- goods credits back to July 2012
- goods debits back to March 2013
- services credits back to June 2013
- services 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 2012-13 by $303m
- increased the deficit on goods and services for the two months to August 2013 by $148m.
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
Value adjustments 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, 2012-13 (cat no. 5368.0.55.003) will be released on 19 November 2013 and will be accessible on the ABS website <
www.abs.gov.au>.
INQUIRIES
For further information contact Val Tot on Canberra (02) 6252 5540 for Goods, and Ryan Oswin on Hobart (03) 6222 5898 for Services.