5368.0 - International Trade in Goods and Services, Australia, Dec 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/02/2019   
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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

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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.