5368.0 - International Trade in Goods and Services, Australia, Oct 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/12/2019   
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October key points


Balance on goods and services

  • In trend terms, the balance on goods and services was a surplus of $6,341m in October 2019, a decrease of $229m on the surplus in September 2019.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $4,502m in October 2019, a decrease of $2,345m on the surplus in September 2019.


Credits (exports of goods and services)
  • In seasonally adjusted terms, goods and services credits fell $2,205m (5%) to $40,750m. Non-rural goods fell $1,710m (6%) and non-monetary gold fell $666m (25%). Rural goods rose $114m (3%) and net exports of goods under merchanting rose $14m (93%). Services credits rose $45m (1%).


Debits (imports of goods and services)
  • In seasonally adjusted terms, goods and services debits rose $140m to $36,248m. Consumption goods rose $334m (4%) and intermediate and other merchandise goods rose $256m (2%). Non-monetary gold fell $258m (35%) and capital goods fell $152m (2%). Services debits fell $40m.


Key figures
Aug 2019
Sep 2019
Oct 2019
Sep 19 to Oct 19
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
6 813
6 570
6 341
-3
Seasonally adjusted
6 591
6 847
4 502
-34
CREDITS (Exports of goods & services)
Trend estimates
42 171
42 106
42 024
-
Seasonally adjusted
41 766
42 955
40 750
-5
DEBITS (Imports of goods & services)
Trend estimates
35 358
35 536
35 683
-
Seasonally adjusted
35 176
36 108
36 248
-

- 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