5368.0 - International Trade in Goods and Services, Australia, Dec 2011 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/02/2012
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ANALYSIS AND COMMENTS
EXPORTS OF GOODS AND SERVICES Between November 2011 and December 2011 the trend estimate of goods and services credits rose $103m to $27,596m. In seasonally adjusted terms, goods and services credits rose $621m (2%) to $27,792m. Non-monetary gold rose $457m (31%), non-rural goods rose $174m (1%) and rural goods rose $12m. Services credits fell $23m (1%). Exports of goods RURAL GOODS In trend terms, exports of rural goods rose $23m (1%) to $3,075m. In seasonally adjusted terms, exports of rural goods rose $12m to $3,059m. The main component contributing to the rise in seasonally adjusted estimates was wool and sheepskins, up $20m (8%). Offsetting this rise was the cereal grains and cereal preparations component, down $31m (3%). NON-RURAL GOODS In trend terms, exports of non-rural goods fell $27m to $18,856m. In seasonally adjusted terms, exports of non-rural goods rose $174m (1%) to $18,809m. The main component contributing to the rise in seasonally adjusted estimates was coal, coke and briquettes, up $369m (8%). Partly offsetting this rise were:
For price and volume details, see the Selected commodities section below. NET EXPORTS OF GOODS UNDER MERCHANTING In trend terms, net exports of goods under merchanting fell $1m (17%) to -$7m. In seasonally adjusted terms, net exports of goods under merchanting remained steady at -$6m. NON-MONETARY GOLD In trend terms, exports of non-monetary gold rose $119m (8%) to $1,633m. In seasonally adjusted terms, exports of non-monetary gold rose $457m (31%) to $1,926m, driven by volumes. Exports of services In trend terms, services credits fell $11m to $4,039m. In seasonally adjusted terms, services credits fell $23m (1%) to $4,004m. The main component contributing to the fall in seasonally adjusted estimates was travel, down $18m (1%). In seasonally adjusted terms, tourism related services credits fell $22m (1%) to $2,551m. IMPORTS OF GOODS AND SERVICES Between November 2011 and December 2011 the trend estimate of goods and services debits rose $186m (1%) to $25,994m. In seasonally adjusted terms, goods and services debits rose $253m (1%) to $26,082m. Intermediate and other merchandise goods rose $346m (4%) and consumption goods rose $151m (3%). Non-monetary gold fell $185m (27%) and capital goods fell $106m (2%). Services debits rose $47m (1%). Preliminary analysis shows that, in seasonally adjusted terms, goods imports volumes rose 1.9% and the implicit price deflator rose 3.2% during the December quarter 2011. In original terms, the Chain Laspeyres price index rose 2.4% and the implicit price deflator rose 2.3%. The final volume and price outcomes will be published in the December quarter 2011 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0). Imports of goods CONSUMPTION GOODS In trend terms, imports of consumption goods rose $25m to $5,483m. In seasonally adjusted terms, imports of consumption goods rose $151m (3%) to $5,560m. The main component contributing to the rise in seasonally adjusted estimates was non-industrial transport equipment, up $159m (13%). CAPITAL GOODS In trend terms, imports of capital goods rose $94m (2%) to $5,588m. In seasonally adjusted terms, imports of capital goods fell $106m (2%) to $5,534m. The main component contributing to the fall in seasonally adjusted estimates was civil aircraft and confidentialised items, down $124m (13%) after rising $576m between October and November 2011. INTERMEDIATE AND OTHER MERCHANDISE GOODS In trend terms, imports of intermediate and other merchandise goods rose $63m (1%) to $9,189m. In seasonally adjusted terms, imports of intermediate and other merchandise goods rose $346m (4%) to $9,416m. The main component contributing to the rise in the seasonally adjusted estimates was fuels and lubricants, up $666m (22%), after falling $137m (4%) between October and November 2011. Partly offsetting this rise were:
NON-MONETARY GOLD In trend terms, imports of non-monetary gold fell $4m (1%) to $679m. In seasonally adjusted terms, non-monetary gold fell $185m (27%) to $498m. Imports of services In trend terms, services debits rose $8m to $5,054m. In seasonally adjusted terms, services debits rose $47m (1%) to $5,074m. The main components contributing to the rise in the seasonally adjusted estimates were:
In seasonally adjusted terms, tourism related services debits rose $39m (1%) to $2,792m. Selected commodities
On a recorded trade basis (noting the footnote in the above table), between November and December 2011, large value movements were recorded for the following selected commodities:
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