The Australian Bureau of Statistics (ABS) is enhancing the quality of quarterly international trade in services statistics. From the June 2022 reference quarter, the ABS will be making changes to include the most up to date data in the Balance of Payments and International Investment Position, Australia publication (published 6 September 2022). The changes include realigning the collection of the Survey of International Trade in Services (SITS) so it can be included in the relevant quarterly publication, i.e. the June quarter survey estimates will be included in the June quarter publication, and utilising the most recent ABS Overseas Arrivals and Departures (OAD) data and overseas card payments data (RBA) in the travel estimates.
This paper provides a summary of the changes and the practical implications for the trade in services data available in the monthly and quarterly international statistics publications.