5368.0 - International Trade in Goods and Services, Australia, Aug 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/10/2019   
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August key points


Balance on goods and services

  • In trend terms, the balance on goods and services was a surplus of $6,925m in August 2019, an increase of $73m on the surplus in July 2019.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $5,926m in August 2019, a decrease of $1,327m on the surplus in July 2019.


Credits (exports of goods and services)
  • In seasonally adjusted terms, goods and services credits fell $1,464m (3%) to $40,982m. Non-rural goods fell $971m (4%) and non-monetary gold fell $601m (22%). Rural goods rose $51m (1%) and net exports of goods under merchanting rose $3m (25%). Services credits rose $53m (1%).


Debits (imports of goods and services)
  • In seasonally adjusted terms, goods and services debits fell $137m to $35,056m. Intermediate and other merchandise goods fell $424m (4%), capital goods fell $115m (2%) and consumption goods fell $76m (1%). Non-monetary gold rose $313m (40%). Services debits rose $164m (2%).


Key figures
Jun 2019
Jul 2019
Aug 2019
Jul 19 to Aug 19
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
6 688
6 852
6 925
1
Seasonally adjusted
7 947
7 253
5 926
-18
CREDITS (Exports of goods & services)
Trend estimates
41 773
41 880
41 933
-
Seasonally adjusted
42 294
42 446
40 982
-3
DEBITS (Imports of goods & services)
Trend estimates
35 084
35 028
35 008
-
Seasonally adjusted
34 347
35 193
35 056
-

- nil or rounded to zero (including null cells)


Balance on Goods and Services
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series