5368.0 - International Trade in Goods and Services, Australia, Jan 2020 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/03/2020   
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January key points


Balance on goods and services

  • In trend terms, the balance on goods and services was a surplus of $4,984m in January 2020, a decrease of $83m on the surplus in December 2019.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $5,210m in January 2020, a decrease of $166m on the surplus in December 2019.


Credits (exports of goods and services)
  • In seasonally adjusted terms, goods and services credits fell $1,166m (3%) to $40,122m. Non-monetary gold fell $735m (34%), non-rural goods fell $714m (3%) and net exports of goods under merchanting fell $8m. Rural goods rose $236m (6%). Services credits rose $54m (1%).


Debits (imports of goods and services)
  • In seasonally adjusted terms, goods and services debits fell $1,001m (3%) to $34,911m. Capital goods fell $640m (10%), intermediate and other merchandise goods fell $466m (4%) and consumption goods fell $19m. Non-monetary gold rose $225m (60%). Services debits fell $101m (1%).


Key figures

Nov 2019
Dec 2019
Jan 2020
Dec 19 to Jan 20
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
5 294
5 067
4 984
-2
Seasonally adjusted
5 656
5 376
5 210
-3
CREDITS (Exports of goods & services)
Trend estimates
40 848
40 581
40 371
-1
Seasonally adjusted
40 802
41 288
40 122
-3
DEBITS (Imports of goods & services)
Trend estimates
35 554
35 514
35 387
-
Seasonally adjusted
35 146
35 912
34 911
-3

- 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



Bushfires and COVID-19 in January Month

Quality assurance undertaken by the ABS confirmed that the bushfires and the COVID-19 virus did not result in quality impacts to International Trade in Goods and Services statistics for January 2020. For information on the expected economic impacts of the Bushfires and COVID-19, please see the ABS Chief Economist Series paper Measuring natural disasters in the Australian economy.

New ABS Website

The ABS will be launching a new website in 2020. You will soon be able to see how this release will appear on the new website by exploring our Beta site. Regular users of this information are encouraged to explore the Beta site and consider if this will affect the way you access and consume ABS data and information. If you would like more information on the new ABS website, or want to discuss how the transition to the new site might impact you, please email newABSwebsite@abs.gov.au