COMMODITY VALUE ADJUSTMENT
GOODS CREDITS
Iron ore and coal
- a negative $125m adjustment has been applied to the 'metal ores and minerals' component for January 2012. A negative $180m adjustment to December 2011 made in the previous issue remains.
- a negative $150m adjustment has been applied to the 'coal, coke and briquettes' component for January 2012. A negative $100m adjustment to December 2011 made in the previous issue remains.
GOODS DEBITS
Capital expenditure
- the balance of payments 'capital goods n.e.s.' component includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the Customs frontier.