5368.0 - International Trade in Goods and Services, Australia, Jul 2019 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2019   
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July key points


Balance on goods and services

  • In trend terms, the balance on goods and services was a surplus of $7,291m in July 2019, an increase of $284m on the surplus in June 2019.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $7,268m in July 2019, a decrease of $709m on the surplus in June 2019.


Credits (exports of goods and services)
  • In seasonally adjusted terms, goods and services credits rose $270m (1%) to $42,538m. Non-monetary gold rose $1,086m (66%). Non-rural goods fell $807m (3%), rural goods fell $42m (1%) and net exports of goods under merchanting fell $6m (33%). Services credits rose $38m.


Debits (imports of goods and services)
  • In seasonally adjusted terms, goods and services debits rose $979m (3%) to $35,270m. Intermediate and other merchandise goods rose $541m (5%), consumption goods rose $378m (4%) and non-monetary gold rose $177m (29%). Capital goods fell $87m (1%). Services debits fell $30m.


Key figures
May 2019
Jun 2019
Jul 2019
Jun 19 to Jul 19
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
6 632
7 007
7 291
4
Seasonally adjusted
6 150
7 977
7 268
-9
CREDITS (Exports of goods & services)
Trend estimates
41 629
42 046
42 297
1
Seasonally adjusted
41 699
42 268
42 538
1
DEBITS (Imports of goods & services)
Trend estimates
34 997
35 039
35 006
-
Seasonally adjusted
35 549
34 291
35 270
3

- nil or rounded to zero (including null cells)


Balance on Goods and Services
Graph: Balance on Goods and Services