5368.0 - International Trade in Goods and Services, Australia, Oct 2019 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/12/2019   
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Analysis and comments


Balance on goods and services

In trend terms, the balance on goods and services was a surplus of $6,341m in October 2019, a decrease of $229m on the surplus in September 2019.

In seasonally adjusted terms, the balance on goods and services was a surplus of $4,502m in October 2019, a decrease of $2,345m on the surplus in September 2019.

Goods and services summary(a), Seasonally adjusted and Trend

Change in:
Aug 2019
Sep 2019
Oct 2019
Oct 2019
Oct 2019
$m
$m
$m
$m
%

Seasonally adjusted

Balance on goods and services
6 591
6 847
4 502
-2 345
-34
Credits
Total goods and services
41 766
42 955
40 750
-2 205
-5
Total goods
33 232
34 348
32 100
-2 248
-7
Rural goods(b)
3 751
4 024
4 138
114
3
Non-rural goods(b)
27 332
27 617
25 907
-1 710
-6
Net exports of goods under merchanting(c)
15
15
29
14
93
Non-monetary gold(c)
2 134
2 692
2 026
-666
-25
Total services
8 534
8 606
8 651
45
1
Debits
Total goods and services
-35 176
-36 108
-36 248
140
-
Total goods
-26 466
-27 380
-27 560
180
1
Consumption goods
-8 726
-8 836
-9 170
334
4
Capital goods
-6 032
-6 737
-6 585
-152
-2
Intermediate and other merchandise goods
-10 608
-11 080
-11 336
256