5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
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Contents >> Chapter 6. Current account - goods >> Data sources and methods

6.19. Most data for the goods component come from international trade statistics, including many of the data used to adjust these statistics for balance of payments purposes. Nevertheless, several other sources are also important. The data sources and methods to compile the various goods standard components are shown in table 6.8.


6.8
SUMMARY OF SOURCES AND METHODS - GOODS
ComponentSources of dataMethod of estimation

General merchandise

Credits

International trade statistics (ITS)

Series compiled from ITS which are adjusted for both coverage and time of change of ownership using SPTE and other sources.
ABS Survey of Principal Transport Enterprises (SPTE)
Other advices as necessary

Debits

International trade statistics (ITS)

Series compiled from ITS which are adjusted for both coverage and timing purposes. These adjustments relate to imports of ships and aircraft (using SPTE) and defence equipment (using Department of Defence advice). All imports values are adjusted from the customs value in ITS to the f.o.b. transactions value basis. In addition occasional adjustments are made to overcome significant fluctuations in the volume of imports entries processed (ITS). Adjustments are also made to exclude certain goods for processing.
ABS Survey of Principal Transport Enterprises (SPTE)
Survey of International Investment
Department of Defence advice on defence equipment
Survey of International Trade in Services (SITS)
Other advices as necessary

Goods for processing

International trade statistics


Compiled directly from source data.

Repairs on goods

International trade statistics

Compiled directly from source data.
Survey of International Trade in Services (SITS)

Goods procured in ports

International trade statistics

Survey of International Trade in Services (SITS)

For credits, data compiled from ITS. For debits, data come from SITS.

Non-monetary gold

International trade statistics (ITS)

Gold crossing the border is compiled from ITS, adjusted for gold purchases and sales by non-residents in Australia, and certain gold exports and imports associated with Reserve Bank gold loans.
Survey of International Investment (Reserve Bank advice on gold purchases and sales by non-residents) and data on international reserves.





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