5368.0 - International Trade in Goods and Services, Australia, May 2019 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/07/2019   
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May key figures

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

BALANCE ON GOODS AND SERVICES
Trend estimates
5 611
5 920
6 089
3
Seasonally adjusted
4 990
4 820
5 745
19
CREDITS (Exports of goods & services)
Trend estimates
40 629
41 059
41 398
1
Seasonally adjusted
39 524
40 143
41 585
4
DEBITS (Imports of goods & services)
Trend estimates
35 018
35 139
35 310
-
Seasonally adjusted
34 534
35 324
35 839
1

- 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


May key points


Balance on goods and services
  • In trend terms, the balance on goods and services was a surplus of $6,089m in May 2019, an increase of $169m on the surplus in April 2019.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $5,745m in May 2019, an increase of $925m on the surplus in April 2019.


Credits (exports of goods and services)
  • In seasonally adjusted terms, goods and services credits rose $1,442m (4%) to $41,585m. Non-rural goods rose $1,316m (5%), rural goods rose $46m (1%) and non-monetary gold rose $22m (1%). Net exports of goods under merchanting fell $1m (5%). Services credits rose $58m (1%).


Debits (imports of goods and services)
  • In seasonally adjusted terms, goods and services debits rose $515m (1%) to $35,839m. Capital goods rose $348m (5%), non-monetary gold rose $68m (17%) and intermediate and other merchandise goods rose $66m (1%). Consumption goods fell $73m (1%). Services debits rose $107m (1%).


Notes

Forthcoming issues

IssueRelease Date
June 2019 6 August 2019
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


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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.