5368.0 - International Trade in Goods and Services, Australia, Nov 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 09/01/2020   
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November key points


Balance on goods and services

  • In trend terms, the balance on goods and services was a surplus of $5,392m in November 2019, a decrease of $455m on the surplus in October 2019.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $5,800m in November 2019, an increase of $1,725m on the surplus in October 2019.


Credits (exports of goods and services)
  • In seasonally adjusted terms, goods and services credits rose $706m (2%) to $40,893m. Non-rural goods rose $718m (3%) and rural goods rose $9m. Non-monetary gold fell $120m (6%). Net exports of goods under merchanting remained steady at $5m. Services credits rose $99m (1%).


Debits (imports of goods and services)
  • In seasonally adjusted terms, goods and services debits fell $1,020m (3%) to $35,093m. Consumption goods fell $610m (7%), capital goods fell $259m (4%) and intermediate and other merchandise goods fell $102m (1%). Non-monetary gold rose $11m (2%). Services debits fell $58m (1%).



Key figures
Sep 2019
Oct 2019
Nov 2019
Oct 19 to Nov 19
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
6 225
5 847
5 392
-8
Seasonally adjusted
6 118
4 075
5 800
42
CREDITS (Exports of goods & services)
Trend estimates
41 649
41 318
40 902
-1
Seasonally adjusted
42 139
40 187
40 893
2
DEBITS (Imports of goods & services)
Trend estimates
35 423
35 471
35 510
-
Seasonally adjusted
36 022
36 113
35 093
-3

- 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