5368.0 - International Trade in Goods and Services, Australia, Jun 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/08/2019   
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June key figures

Apr 2019
May 2019
Jun 2019
May 19 to Jun 19
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
6 234
6 677
7 032
5
Seasonally adjusted
4 812
6 173
8 036
30
CREDITS (Exports of goods & services)
Trend estimates
41 213
41 664
42 067
1
Seasonally adjusted
40 111
41 802
42 378
1
DEBITS (Imports of goods & services)
Trend estimates
34 979
34 987
35 035
-
Seasonally adjusted
35 299
35 629
34 342
-4

- 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


June key points


Balance on goods and services
  • In trend terms, the balance on goods and services was a surplus of $7,032m in June 2019, an increase of $355m on the surplus in May 2019.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $8,036m in June 2019, an increase of $1,863m on the surplus in May 2019.


Credits (exports of goods and services)
  • In seasonally adjusted terms, goods and services credits rose $576m (1%) to $42,378m. Non-rural goods rose $758m (3%). Rural goods fell $170m (4%) and non-monetary gold fell $37m (2%). Net exports of goods under merchanting remained steady at $18m. Services credits rose $26m.


Debits (imports of goods and services)
  • In seasonally adjusted terms, goods and services debits fell $1,287m (4%) to $34,342m. Capital goods fell $600m (9%), consumption goods fell $450m (5%) and intermediate and other merchandise goods fell $366m (3%). Non-monetary gold rose $132m (28%). Services debits fell $2m.


2018-19 Situation
  • In original terms, the balance on goods and services for 2018-19 was a surplus of $49.9b, an increase of $42.3b on the surplus of $7.6b recorded in 2017-18, resulting from a $66.6b (17%) increase in goods and services credits and a $24.2b (6%) increase in goods and services debits.


Notes

Forthcoming issues

IssueRelease Date
July 2019 5 September 2019
August 2019 3 October 2019
September 2019 7 November 2019
October 2019 5 December 2019
November 2019 9 January 2020
December 2019 6 February 2020


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Inquiries

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for goods, and International Trade in Services at <trade.services@abs.gov.au> for services.