• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

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