5368.0 - International Trade in Goods and Services, Australia, Dec 2018 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/02/2019   
   Page tools: Print Print Page Print all pages in this productPrint All

DECEMBER KEY FIGURES

Oct 2018
Nov 2018
Dec 2018
Nov 18 to Dec 18
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
2 482
2 665
2 796
5
Seasonally adjusted
2 285
2 256
3 681
63
CREDITS (Exports of goods & services)
Trend estimates
37 849
38 033
38 139
-
Seasonally adjusted
38 112
38 558
37 924
-2
DEBITS (Imports of goods & services)
Trend estimates
35 366
35 368
35 343
-
Seasonally adjusted
35 827
36 302
34 244
-6

- 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



DECEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $2,796m in December 2018, an increase of $131m on the surplus in November 2018.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $3,681m in December 2018, an increase of $1,425m on the surplus in November 2018.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $634m (2%) to $37,924m. Non-monetary gold fell $1,034m (57%) and net exports of goods under merchanting fell $1m (3%). Rural goods rose $353m (10%) and non-rural goods rose $33m. Services credits rose $16m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $2,058m (6%) to $34,244m. Capital goods fell $1,070m (15%), intermediate and other merchandise goods fell $717m (6%) and consumption goods fell $653m (7%). Non-monetary gold rose $161m (45%). Services debits rose $222m (3%).


2018 SITUATION
  • In original terms, the balance on goods and services for 2018 was a surplus of $22.2b, an increase of $12.7b on the surplus of $9.5b recorded in 2017, resulting from a $51.1b (13%) increase in goods and services credits and a $38.4b (10%) increase in goods and services debits.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2019 7 March 2019
February 2019 3 April 2019
March 2019 7 May 2019
April 2019 6 June 2019
May 2019 3 July 2019
June 2019 6 August 2019


PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


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.