International trade

• The seasonally adjusted balance on goods and services surplus decreased $227m in October. 
• Goods and services credits (exports) fell $568m (0.9%) driven by non-monetary gold. 
• Goods and services debits (imports) fell $340m (0.7%) driven by Fuels and lubricants. 

• The current account balance, seasonally adjusted, fell $17,023m to a deficit of $2,278m. 
• The capital and financial account deficit rose $27,419m to $7,868m.
• Australia’s net international investment liability position was $861,619m at 30 September 2022.

As at March 31 2022:

• Australian resident enterprises had a net asset foreign currency balance sheet exposure of $2,389.9b.
• An increase of $1,328.8b (125.2%) from 31 March 2017.
• This is after taking account of hedging through the use of derivative contracts.

• The balance on trade in services was a surplus of $4,253m.
• Services credits (exports) declined $12,715m (18%) to $59,104m.
• Services debits (imports) declined $2,599m (5%) to $54,851m.

• The number of exporters increased marginally to 56,274.
• The total value of merchandise exports reached a record high of $382b.
• 62% of all exporters were small exporters.
• The mining industry was the only industry to see an increase in the number of exporters in 2019-20, increasing 4%.

• The balance on trade in services was a surplus of $13,674m.
• Services credits (exports) declined $29,508m (32%) to $62,527m.
• Services debits (imports) declined $37,626m (44%) to $48,853m.

• Australia’s IIP was a liability of $809.4b at 31 December 2021, a narrowing of $183.0b from the end of 2020.
• Foreign investment in Australia rose $92.3b to $4,136.1b.
• Australian investment abroad rose $275.3b to $3,326.7b.

This publication details all import and export commodities, which have been subjected to confidentiality restrictions since 1 January 1988

•    Exports of goods in June 2021 increased $2,889m (8%) to $41,287m
•    Imports of goods in June 2021 increased $2,122m (8%) to $28,015m
•    For June 2021 there is a goods trade surplus of $13,271m (original, current price, merchandise trade basis)

• 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.