5368.0 - International Trade in Goods and Services, Australia, Jul 2016 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/09/2016   
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CHANGES IN THIS AND FORTHCOMING ISSUES


CHANGES IN THIS ISSUE

Changes to the Customs Tariff import classification

Following an import classification review, new statistical codes under subheadings 1902.19 and 1902.30 have been introduced. The Working Tariff has been updated on the Department of Immigration and Border Protection (DIBP) website.

The previous codes closed on 30 June 2016 and the new codes opened on 1 July 2016. The changes are shown in the table below:


Previous Customs Tariff
190219--Other
1902190038KGInstant and ramen noodles
New Customs Tariff New Free Standing Descriptors
190219--Other
1902190034KGFresh ramen noodlesUncooked ramen noodles, not containing eggs, not stuffed or otherwise prepared
190230- Other pasta
1902300003KGInstant Asian style noodles including instant ramen noodlesCooked instant Asian style noodles including ramen noodles (excluding stuffed)


Previous Customs Tariff
190219--Other
1902190039KGOther Asian style noodles
New Customs TariffNew Free Standing Descriptors
190219--Other
1902190035KGOther fresh Asian style noodlesUncooked Asian style noodles (excluding ramen noodles), not containing eggs, not stuffed or otherwise prepared
190230- Other pasta
1902300004KGOther instant noodlesCooked instant noodles (excluding stuffed or ramen noodles)


For the current entire hierarchy of codes, please refer to the Current Tariff Classifications on the DIBP website.


CHANGES IN FORTHCOMING ISSUES

Revisions to merchandise trade data outside the normal revision period

In the August 2016 issue of this publication, the ABS will revise imports data on an international merchandise trade basis for the 2012-13, 2013-14 and 2014-15 financial years. This change will impact tables 13a, 13b, 14b, 15b, 33, 34, 35a, and 37a-37i of International Trade in Goods and Services, Australia (cat. no. 5368.0) and detailed statistics available on request. These revisions will be included in balance of payments estimates of goods debits, and national accounts estimates of imports of goods and services, as revision periods for those estimates allow.

In the August 2016 issue of this publication, the ABS will implement improvements to more accurately reflect the country of final destination of gold bullion, non-monetary (excl. unwrought forms and coins of HS 7118 and HS 9705) (AHECC 71081324) exported to Hong Kong and China. This series will be revised back to January 2012, inclusive. This change will impact the country series only, as published in tables 14a and 36a-36j of International Trade in Goods and Services, Australia (cat. no. 5368.0) and detailed country statistics available on request. Total levels will not be impacted, nor will there be any implications for other ABS collections.

Annual seasonal re-analysis

In the August 2016 issue of this publication, the seasonally adjusted and trend estimates of goods and services on a balance of payments basis will be revised as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the monthly processing cycle and reassesses the appropriateness of any prior corrections.