International trade

• The seasonally adjusted balance on goods and services surplus increased $1,877m to $9,314m in March. 
• Goods and services debits (imports) fell $1,949m (5%) to $40,139m, driven by decreases in imports of Processed industrial supplies n.e.s and Consumption goods n.e.s..
• Goods and services credits (exports) fell $72m (0%) to $49,453m, driven by falls in exports of Non-monetary gold and Cereal grains and cereal preparations. 

• 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%.

• 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

• The current account surplus, seasonally adjusted, fell $9,304m to $12,677m.
• The capital and financial account deficit fell $8,916m to $6,470m.
• Australia’s net IIP liability position was $809,396m at 31 December 2021.

•    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)

• Exports of services declined $30b (-29%) to $72b in 2020
• Imports of services declined $47b (-45%) to $57b in 2020

This publication is supplementary to the monthly publication, International Trade in Goods and Services and contains detailed financial year data.

• 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.