International trade

• The seasonally adjusted balance on goods and services surplus increased $3,009m to $10,142m in January. 
• Goods and services credits (exports) rose $2,316m (6%) to $39,849m.
• Goods and services debits (imports) fell $694m (2%) to $29,707m.

• The current account surplus, seasonally adjusted, rose $3,817m to $14,523m.
• The capital and financial account deficit rose $4,270m to $9,999m.
• Australia’s net IIP liability position was $947.2b at 31 December 2020.

•    Exports of goods in January 2021 declined $3,047m (-9%) to $32,126m
•    Imports of goods in January 2021 declined $2,626m (-10%) to $23,372m
•    For January 2021 there is a goods trade surplus of $8,754m (original, current price, merchandise trade basis)

• The number of exporters continues to increase, up 7% to 56,772.
• Small exporters (up 11%) drove the overall increase in the exporter population.
• Small businesses make up 61% of all exporters.
• The mining industry make up 1% of exporters but 61% of the export value.

• Australian enterprises own 5,176 foreign affiliates.
• Australian owned foreign affiliates total number of employees were 412,000.
• Australian owned foreign affiliates total sales of goods and services were $213,044m.
• Total assets of all Australian owned foreign affiliates were $1,956,303m.