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International Trade in Goods and Services, Australia

Statistics about international trade in goods and services, on a balance of payments and international trade basis

Reference period
June 2020
Released
4/08/2020

Key statistics

  • The balance on goods and services surplus rose $861m to $8,202m in June 2020.
  • Goods and services credits rose $1,219m (3%) to $36,186m.
  • Goods and services debits rose $358m (1%) to $27,984m.

Main features

Key figures

 Apr 2020May 2020Jun 2020May 20 to Jun 20
$m$m$m% change
BALANCE ON GOODS AND SERVICES    
 Trend estimates(a)
na
na
na
na
 Seasonally adjusted
7 864
7 341
8 202
12
CREDITS (Exports of goods & services)    
 Trend estimates(a)
na
na
na
na
 Seasonally adjusted
37 478
34 967
36 186
3
DEBITS (Imports of goods & services)    
 Trend estimates(a)
na
na
na
na
 Seasonally adjusted
29 614
27 626
27 984
1
na not available
a. Trend series suspended from March 2019
 
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Goods and services summary

  • In seasonally adjusted terms, goods and services credits rose $1,219m (3%) to $36,186m.
  • Non-monetary gold rose $687m (41%)
  • Non-rural goods rose $144m (1%)
  • Rural goods rose $125m (4%)
  • Net exports of goods under merchanting rose $2m (4%)
  • Services rose $260m (4%).
     

In seasonally adjusted terms, goods and services debits rose $358m (1%) to $27,984m.

  • Consumption goods rose $549m (7%)
  • Intermediate and other merchandise goods rose $429m (5%)
  • Non-monetary gold fell $534m (40%)
  • Capital goods fell $125m (2%)
  • Services rose $40m (1%).
     

2019-20 situation

    In original terms, the balance on goods and services for 2019-20 was a surplus of $77.4b, an increase of $28.3b on the surplus of $49.1b recorded in 2018-19, resulting from a $22.4b (5%) decrease in goods and services debits and a $5.9b (1%) increase in goods and services credits.

    Seasonal adjustment

    International Accounts uses the concurrent seasonal adjustment method, meaning that seasonal factors are re-estimated each time new data becomes available. If not appropriately accounted for, unusual events, such as COVID-19, can distort estimates calculated using this method. From March 2020, seasonal factors for series that have been notably impacted by COVID-19 will be calculated using data up to and including February 2020, then projected from March 2020 onwards. This approach, known as the forward factor method, ensures that the seasonal factors are not distorted by COVID-19 impacts.

    The ABS has advised users that it had moved to using forward factors for seasonal analysis of a number of series, including Travel Services. Current ABS (and international practice) requires at least three years of data to assess whether a change in the seasonal pattern has occurred. Should COVID-19 result in a long-term change to the seasonal pattern then revisions to these series may occur in the future. The ABS will consult with users on any future methods changes to seasonal adjustment and potential revisions.

    For more information on interpreting seasonally adjusted estimates of International travel services please see the May 2020 feature article International Travel Services time series which outlines the matter in greater detail.

    Suspension of trend estimates

    The trend series attempts to measure underlying behaviour in international trade activity. In the short term, this measurement will be significantly affected by the current COVID-19 pandemic and subsequent changes to regular patterns in international trade that will occur during this time. If the trend estimates in this publication were to be calculated without fully accounting for this unusual event, they would provide a misleading view of underlying international trade activity.

    It may be some time before the underlying trend in international trade activity can be accurately estimated. The trend series has therefore been suspended from March 2019 in the time series and will be reinstated when more certainty emerges in the underlying trend in international trade.

    COVID-19 in June month 2020

    Quality assurance undertaken by the ABS confirmed that COVID-19 did not result in quality impacts to International Trade in Goods and Services statistics for June 2020. For information on the expected economic impacts of COVID-19, please see the ABS Chief Economist Series paper Measuring natural disasters in the Australian economy.

    Analysis and comments

    Balance on goods and services

    In seasonally adjusted terms, the balance on goods and services was a surplus of $8,202m in June 2020, an increase of $861m on the surplus in May 2020.

    The sum of seasonally adjusted balances for the three months to June 2020 was a surplus of $23,407m, an increase of $4,176m on the surplus of $19,231m for the three months to March 2020. However, if seasonal factors used in compiling the quarterly balance of payments are applied, the preliminary June quarter 2020 surplus was $24,086m, an increase of $5,033m on the March quarter 2020 surplus of $19,053m.

    Goods and services summary(a), seasonally adjusted

        Change in:
    Apr
    2020
    May
    2020
    Jun
    2020
    Jun
    2020
    Jun
    2020
    $m$m$m$m%
    Seasonally adjusted 
    BALANCE on goods and services
    7 864
    7 341
    8 202
    861
    12
    CREDITS     
     Total goods and services
    37 478
    34 967
    36 186
    1 219
    3
      Total goods
    31 459
    28 838
    29 796
    958
    3
       Rural goods(b)
    3 976
    3 501
    3 626
    125
    4
       Non-rural goods(b)
    25 542
    23 615
    23 759
    144
    1
       Net exports of goods under merchanting(c)
    45
    45
    47
    2
    4
       Non-monetary gold(c)
    1 896
    1 676
    2 363
    687
    41
      Total services
    6 019
    6 130
    6 390
    260
    4
    DEBITS     
     Total goods and services
    -29 614
    -27 626
    -27 984
    358
    1
      Total goods
    -25 735
    -23 787
    -24 105
    319
    1
       Consumption goods
    -8 872
    -7 668
    -8 217
    549
    7
       Capital goods
    -6 078
    -5 612
    -5 487
    -125
    -2
       Intermediate and other merchandise goods
    -10 156
    -9 166
    -9 595
    429
    5
       Non-monetary gold(c)
    -630
    -1 340
    -806
    -534
    -40
      Total services
    -3 878
    -3 839
    -3 879
    40
    1
    a. For details on Sign convention, see the Methodology page.
    b. For all time periods, estimates for sugar, sugar preparations and honey are included in Non-rural goods.
    c. This component is not seasonally adjusted.
    d. Caution should be used when interpreting recent trend estimates as they may be affected by unusual economic factors. For details on seasonally adjusted and trend estimates, see the Methodology page.
     

    Exports of goods and services

    In seasonally adjusted terms, goods and services credits rose $1,219m (3%) to $36,186m.

    • Non-monetary gold rose $687m (41%)
    • Non-rural goods rose $144m (1%)
    • Rural goods rose $125m (4%)
    • Net exports of goods under merchanting rose $2m (4%)
    • Services rose $260m (4%).
       

    Exports of goods

    Download
    1. Trend series suspended from March 2019
       

    Goods credits, seasonally adjusted

        Change in:
    Apr 2020May 2020Jun 2020Jun 2020Jun 2020
    $m$m$m$m%
    Total goods credits
    31 459
    28 838
    29 796
    958
    3
     General merchandise
    29 518
    27 117
    27 386
    269
    1
      Rural goods
    3 976
    3 501
    3 626
    125
    4
       Meat and meat preparations
    1 348
    1 267
    1 245
    -22
    -2
       Cereal grains and cereal preparations
    601
    411
    546
    135
    33
       Wool and sheepskins
    221
    152
    189
    37
    24
       Other rural(a)
    1 807
    1 671
    1 647
    -24
    -1
      Non-rural goods
    25 542
    23 615
    23 759
    144
    1
       Metal ores and minerals(b)
    11 107
    10 877
    11 818
    941
    9
       Coal, coke and briquettes(c)
    4 777
    3 816
    3 360
    -456
    -12
       Other mineral fuels(b)(d)
    4 781
    4 350
    3 562
    -788
    -18
       Metals (excl. non-monetary gold)
    853
    904
    939
    35
    4
       Machinery
    898
    787
    878
    91
    12
       Transport equipment
    326
    264
    297
    33
    13
       Other manufactures
    1 785
    1 663
    1 890
    227
    14
       Other non-rural (incl. sugar and beverages)(a)
    913
    832
    891
    59
    7
       Goods procured in ports by carriers(d)
    101
    123
    124
    1
    1
     Net exports of goods under merchanting(e)
    45
    45
    47
    2
    4
     Non-monetary gold(e)
    1 896
    1 676
    2 363
    687
    41
    a. For all time periods, estimates for sugar, sugar preparations and honey are included in Other non-rural.
    b. From July 2005, this component is seasonally adjusted using seasonal factors derived from a monthly volume series.
    c. From July 1971 to June 2005, only a length-of-month adjustment has been applied to this component. From July 2005, this component is seasonally adjusted using seasonal factors derived from a monthly volume series.
    d. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
    e. This component is not seasonally adjusted.
     

    Rural goods

    In seasonally adjusted terms, exports of rural goods rose $125m (4%) to $3,626m.

    The main component contributing to the rise in seasonally adjusted estimates was cereal grains and cereal preparations, up $135m (33%).

    Non-rural goods

    In seasonally adjusted terms, exports of non-rural goods rose $144m (1%) to $23,759m.

    The main components contributing to the rise in seasonally adjusted estimates were:

    • metal ores and minerals, up $941m (9%)
    • other manufactures, up $227m (14%).
       

    Partly offsetting these rises were:

    • other mineral fuels, down $788m (18%)
    • coal, coke and briquettes, down $456m (12%).
       

    For price and volume details, see the Selected commodities section.

    Net exports of goods under merchanting

    In original and seasonally adjusted terms, net exports of goods under merchanting rose $2m (4%) to $47m.

    Non-monetary gold

    In original and seasonally adjusted terms, exports of non-monetary gold rose $687m (41%) to $2,363m.

    Exports of services

    Download
    1. Trend series suspended from March 2019
       

    Services credits, seasonally adjusted

        Change in:
    Apr 2020May 2020Jun 2020Jun 2020Jun 2020
    $m$m$m$m%
    Total services credits
    6 019
    6 130
    6 390
    260
    4
     Manufacturing services on physical inputs owned by others(a)
    -
    -
    -
    -
    -
     Maintenance and repair services n.i.e.(a)
    2
    1
    1
    -
    -
     Transport
    335
    334
    333
    -1
    -
      Passenger(b)
    5
    6
    7
    1
    17
      Freight(c)
    25
    26
    26
    -
    -
      Other
    178
    177
    174
    -3
    -2
      Postal and courier services(d)
    126
    125
    126
    1
    1
     Travel
    3 285
    3 385
    3 633
    248
    7
     Other services
    2 398
    2 409
    2 424
    15
    1
    Memorandum item     
     Tourism related services credits(e)
    3 290
    3 391
    3 640
    249
    7
    - nil or rounded to zero (including null cells).
    a. This component is not seasonally adjusted.
    b. Passenger services includes agency fees and commissions for air transport.
    c. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
    d. Postal and courier services includes indirect commissions for sea transport.
    e. For details on Tourism related services, see the Methodology page.
     


    In seasonally adjusted terms, services credits rose $260m (4%) to $6,390m.

    In original terms travel service credits fell $11m.

    In seasonally adjusted terms, tourism related services credits rose $249m (7%) to $3,640m.

    In seasonally adjusted terms, total services credits contributed 18% of total goods and services exported.

    Imports of goods and services

    In seasonally adjusted terms, goods and services debits rose $358m (1%) to $27,984m.

    • Consumption goods rose $549m (7%)
    • Intermediate and other merchandise goods rose $429m (5%)
    • Non-monetary gold fell $534m (40%)
    • Capital goods fell $125m (2%)
    • Services rose $40m (1%).
       

    Imports of goods

    Download
    1. Trend series suspended from March 2019
       

    Goods debits(a), seasonally adjusted

        Change in:
    Apr 2020May 2020Jun 2020Jun 2020Jun 2020
    $m$m$m$m%
    Total goods debits
    -25 735
    -23 787
    -24 105
    318
    1
     General merchandise
    -25 105
    -22 447
    -23 299
    852
    4
      Consumption goods
    -8 872
    -7 668
    -8 217
    549
    7
       Food and beverages, mainly for consumption
    -1 592
    -1 452
    -1 534
    82
    6
       Household electrical items
    -504
    -481
    -638
    157
    33
       Non-industrial transport equipment
    -1 778
    -942
    -709
    -233
    -25
       Textiles, clothing and footwear
    -1 615
    -1 577
    -1 831
    254
    16
       Toys, books and leisure goods
    -518
    -507
    -576
    69
    14
       Consumption goods n.e.s.
    -2 865
    -2 709
    -2 929
    220
    8
      Capital goods
    -6 078
    -5 612
    -5 487
    -125
    -2
       Machinery and industrial equipment
    -1 908
    -1 884
    -1 954
    70
    4
       ADP equipment
    -1 450
    -1 326
    -916
    -410
    -31
       Telecommunications equipment
    -1 160
    -1 162
    -1 133
    -29
    -2
       Civil aircraft and confidentialised items(b)(c)
    -310
    -210
    -159
    -51
    -24
       Industrial transport equipment n.e.s.
    -701
    -532
    -650
    118
    22
       Capital goods n.e.s.(d)
    -548
    -498
    -674
    176
    35
      Intermediate and other merchandise goods
    -10 156
    -9 166
    -9 595
    429
    5
       Food and beverages, mainly for industry
    -187
    -197
    -212
    15
    8
       Primary industrial supplies n.e.s.(d)
    -160
    -167
    -148
    -19
    -11
       Fuels and lubricants(c)
    -1 884
    -1 267
    -1 624
    357
    28
       Parts for transport equipment
    -1 088
    -956
    -973
    17
    2
       Parts for ADP equipment
    -58
    -99
    -83
    -16
    -16
       Other parts for capital goods
    -1 591
    -1 568
    -1 594
    27
    2
       Organic and inorganic chemicals
    -409
    -375
    -350
    -25
    -7
       Paper and paperboard
    -217
    -218
    -218
    -
    -
       Textile yarn and fabrics
    -124
    -105
    -122
    17
    16
       Iron and steel
    -252
    -267
    -262
    -5
    -2
       Plastics
    -420
    -395
    -416
    21
    5
       Processed industrial supplies n.e.s.
    -3 611
    -3 412
    -3 437
    25
    1
       Other merchandise goods(b)(e)
    -32
    -18
    -32
    14
    78
       Goods procured in ports by carriers(c)
    -123
    -123
    -123
    -
    -
     Non-monetary gold(c)
    -630
    -1 340
    -806
    -534
    -40
    - nil or rounded to zero (including null cells).
    a. For details on sign conventions, see paragraph 15 of the Methodology page.
    b. From July 2008, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Civil aircraft and confidentialised items. For earlier periods, commodities subject to a 'no commodity details' or 'no value details' restriction are included in Other merchandise goods.
    c. This component is not seasonally adjusted.
    d. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
    e. From July 1981, this component is not seasonally adjusted.
     

    Consumption goods

    In seasonally adjusted terms, imports of consumption goods rose $549m (7%) to $8,217m.

    The main components contributing to the rise in seasonally adjusted estimates were:

    • textiles, clothing and footwear, up $254m (16%)
    • consumption goods n.e.s., up $220m (8%)
    • household electrical items, up $157m (33%).
       

    Partly offsetting these rises was non-industrial transport equipment, down $233m (25%).

    Capital goods

    In seasonally adjusted terms, imports of capital goods fell $125m (2%) to $5,487m.

    The main component contributing to the fall in seasonally adjusted estimates was ADP equipment, down $410m (31%).

    Partly offsetting this fall were:

    • capital goods n.e.s., up $176m (35%)
    • industrial transport equipment n.e.s., up $118m (22%).
       

    Intermediate and other merchandise goods

      In seasonally adjusted terms, imports of intermediate and other merchandise goods rose $429m (5%) to $9,595m.

      The main component contributing to the rise in seasonally adjusted estimates was fuels and lubricants, up $357m (28%).

      Non-monetary gold

      In original and seasonally adjusted terms, imports of non-monetary gold fell $534m (40%) to $806m.

      Imports of services

      Download
      1. Trend series suspended from March 2019
         

      Services debits(a), seasonally adjusted

          Change in:
      Apr 2020May 2020Jun 2020Jun 2020Jun 2020
      $m$m$m$m%
      Total services debits
      -3 878
      -3 839
      -3 879
      40
      1
       Manufacturing services on physical inputs owned by others(b)
      -
      -
      -
      -
      -
       Maintenance and repair services n.i.e.(b)
      -25
      -29
      -57
      28
      97
       Transport
      -1 035
      -972
      -965
      -7
      -1
        Passenger(c)
      -7
      -7
      -7
      -
      -
        Freight
      -1 001
      -938
      -933
      -5
      -1
        Other(b)
      -19
      -19
      -19
      -
      -
        Postal and courier services(d)(e)
      -8
      -8
      -6
      -2
      -25
       Travel
      -40
      -42
      -49
      7
      17
       Other services
      -2 778
      -2 796
      -2 809
      13
      -
      Memorandum item     
       Tourism related services debits(f)
      -47
      -49
      -55
      6
      12
      - nil or rounded to zero (including null cells).
      a. For details on sign conventions, see the Methodology page.
      b. This component is not seasonally adjusted.
      c. Passenger services includes agency fees and commissions for air transport.
      d. Postal and courier services includes indirect commissions for sea transport.
      e. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
      f. For details on Tourism related services, see the Methodology page.
       


      In seasonally adjusted terms, services debits rose $40m (1%) to $3,879m.

      In seasonally adjusted terms, tourism related services debits rose $6m (12%) to $55m.

      In seasonally adjusted terms, total services debits contributed 14% of total goods and services imported.

      COVID 19 and the seasonal adjustment of international travel services

      The May 2020 release of International Trade in Goods and Services, Australia included a feature article, International travel services time series, which looked at the impact of the COVID-19 pandemic on time series for International Trade in Services. The article noted that users may choose to adopt an unconventional approach to analyse the headline, seasonally adjusted aggregates, by using the original estimates for travel services in place of the usual seasonally adjusted estimates. Caution should be exercised in using this approach as there is not yet evidence of a change in seasonal patterns.

      The table below illustrates the differences in June 2020 aggregate trade estimates when they are calculated using original versus seasonally adjusted travel services data. The difference in the Balance on Goods and Services ($658m less using original travel services data) is primarily related to the difference the original and seasonally adjusted estimates for travel services credits ($657m less using original data). This information has been provided for comparative purposes only.

      Impact on June 2020 aggregate, difference between travel services in seasonally adjusted (forward factor) and original terms

      International Trade in Goods
      and Services Aggregates
      Impact of Travel Services,
      Seasonally Adjusted
      (Forward Factors) $m
      Impact of Travel Services,
      Original
      $m

      Difference
      $m
      Balance on Goods and Services8,2027,544-658
      Goods and Services Credits
      36,186
      35,530
      -656
      Goods and Services Debits
      -27,984
      -27,986
      -2
      Services Credits
      6,390
      5,734
      -656
      Services Debits
      -3,879
      -3,881
      -2
      Travel Services Credits
      3,633
      2,976
      -657
      Travel Services Debits
      -49
      -50
      -1
       

      Selected commodities, quantity and unit value analysis - international merchandise trade basis(a) - original terms

             Change in: 
      Jan 2020
      %
      Feb 2020
      %
      Mar 2020
      %
      Apr 2020
      %
      May 2020
      %
      Jun 2020
      %
       Iron ore
      Lump      
       Quantity
      -12
      -14
      28
      -1
      5
      4
       Unit value
      2
      -
      10
      -6
      -1
      2
      Fines      
       Quantity
      -20
      -9
      29
      -1
      1
      9
       Unit value
      2
      -2
      9
      -4
      6
      -
       Coal
      Hard coking      
       Quantity
      -8
      -8
      -8
      4
      5
      15
       Unit value
      -
      6
      p16
      p7
      p-7
      p-21
      Semi-soft      
       Quantity
      -12
      -2
      19
      -16
      -16
      8
       Unit value
      -3
      4
      p11
      p-
      p-10
      p-9
      Thermal      
       Quantity
      -13
      -14
      16
      -10
      -2
      11
       Unit value
      -
      5
      9
      p-6
      p-10
      p-7
       Gas
      LNG      
       Quantity
      3
      -16
      11
      3
      -9
      -8
       Unit value
      0
      5
      4
      -10
      -9
      -5
      - nil or rounded to zero (including null cells).
      p preliminary figure or series subject to revision.
      a. Data in this table are on a revised international merchandise trade basis and exclude value adjustments applied to balance of payments series.
       

      International merchandise trade exports data presented in the above table are based on information reported by exporters to the Department of Home Affairs (Home Affairs). For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs. When additional information for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

      Unit values in this publication are presented in Australian dollar terms. Movements in the unit values for some commodities incorporate movements in the United States dollar prices reported to Home Affairs and movements in the Australian dollar to United States dollar exchange rate.

      On an international merchandise trade basis, in original terms (noting the footnote in the above table), between May 2020 and June 2020 the largest movements recorded for the following selected commodities were:

      Iron ore lump, up $137m (5%), with quantities up 4% and unit values up 2%. Exports to:

      • China (excludes SARs and Taiwan) rose $175m (8%), with quantities up 6% and unit values up 2%
      • Hong Kong (SAR of China) fell $36m (83%), with quantities down 84% and unit values up 1%.
         

      Iron ore fines, up $620m (9%), with quantities up 9%. Exports to:

      • China (excludes SARs and Taiwan) rose $826m (14%), with quantities up 14% and unit values up 1%
      • Japan fell $141m (41%), with quantities down 36% and unit values down 7%
      • Hong Kong (SAR of China) fell $45m (59%), with quantities down 60% and unit values up 2%.
         

      Hard coking coal, down $199m (9%), with quantities up 15% and unit values down 21%. Exports to:

      • China (excludes SARs and Taiwan) fell $195m (15%), with quantities up 6% and unit values down 19%
      • India fell $104m (31%), with quantities down 5% and unit values down 27%
      • Vietnam rose $101m, with unit values down 32%.
         

      Semi-soft coal, down $7m (1%), with quantities up 8% and unit values down 9%. Exports to:

      • Japan fell $73m (45%), with quantities down 38% and unit values down 11%
      • the Republic of Korea rose $30m (36%), with quantities up 49% and unit values down 9%
      • China (excludes SARs and Taiwan) rose $24m (25%), with quantities up 44% and unit values down 13%
      • Brazil rose $13m, with unit values up 63%.
         

      Thermal coal, up $43m (3%), with quantities up 11% and unit values down 7%. Exports to:

      • Japan rose $71m (14%), with quantities up 20% and unit values down 6%
      • Chile rose $31m, with unit values down 6%
      • the Republic of Korea fell $88m (39%), with quantities down 40% and unit values up 2%.
         

      Liquefied natural gas (LNG), down $442m (13%), with quantities down 8% and unit values down 5%.

      Revisions

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      Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication.

      On an international merchandise trade basis, exports and imports of goods have been revised back to December 2019.

      On a balance of payments basis, revisions have been applied to:

      • goods exports back to December 2019
      • goods imports back to October 2019
      • services exports back to January 2020
      • services imports back to October 2019.
         

      In original terms the revisions have increased the surplus on goods and services trade for the eight months to May 2020 by $13m.

      Related releases

      New COVID-19 publication

      In response to the global COVID-19 crisis the ABS has released a new publication, International Merchandise Trade, Preliminary, Australia (cat. no. 5368.0.55.024). This release provides preliminary estimates for Australian international merchandise (goods) trade on a monthly basis to help measure the economic impact of COVID-19. These estimates are compiled from administrative data (customs records) sourced from the Department of Home Affairs and are subject to revision. This publication will run monthly until further notice. The final May monthly estimates will be published in International Trade in Goods and Services, Australia (cat. no. 5368.0). For more information on the range of additional products released by the ABS to help assess the impact of COVID-19 please see the COVID-19: Additional products to measure the impact page.

      Value adjustments

      International merchandise trade exports data presented in this publication are based on information reported by exporters to the Department of Home Affairs (Home Affairs). At the time of initial reporting to Home Affairs, the final prices at which transactions take place are not known for some commodities. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs.

      For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. When additional information on quantity and/or unit price for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

      Iron ore adjustments are applied on an international merchandise trade basis at the Australian Harmonized Export Commodity Classification (AHECC) level. Coal, coke and briquettes are adjusted on a balance of payments basis in current price, original terms. When actual final transaction prices become available estimates are replaced with these data.

      In most instances, transfer of ownership occurs when goods cross the customs frontier. In certain circumstances the ownership of large value capital expenditure items can occur prior to the items crossing the customs frontier. The ABS may adjust the relevant balance of payments series to record the timing when transfer of ownership was affected.

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      Goods credits on an international merchandise trade basis

      Iron ore (in original terms)

      • on a merchandise trade basis, adjustments have been applied to iron ore lump in December 2019 (+$25m), February (-$5m), March (+$5m), April (-$15m), May (+$55m) and June (+$105m) 2020 respectively. Adjustments have been applied to iron ore fines in December 2019 (+$45m), January (+$5m), February (-$5m), March (+$35m), April (+$110m), May (+$10m) and June (+$105m) 2020 respectively. When actual final transaction prices become available estimates are replaced with these data. For price and volume details, see the Selected commodities section.

      Goods credits on a balance of payments basis

      Coal (in original terms)

      • on a balance of payments basis, adjustments have been applied to the coal, coke and briquettes component in June (-$440m), May (-$465m), April (-$200m) and March (-$15m) 2020 respectively. This adjustment takes into account additional information on the unit value of hard coking, semi-soft and thermal coal exports. All previous adjustments have been removed.
        • In the international merchandise trade series, the unit value of coal, coke and briquettes fell 14.0% between May 2020 and June 2020 and fell 7.0% between April 2020 and May 2020.
        • In the balance of payments series, the unit value of coal, coke and briquettes fell 13.8% between May 2020 and June 2020 and fell 13.6% between April 2020 and May 2020.

      Goods debits on a balance of payments basis

      Capital expenditure (in original terms)

      • capital goods n.e.s. includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the customs frontier.

      Data downloads - time series spreadsheets

      All time series spreadsheets

      Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices

      Table 2. Goods and services, summary - original, current prices

      Table 3. Goods credits, original, current prices

      Table 4. Goods debits, original, current prices

      Table 5. Goods credits, seasonally adjusted, current prices

      Table 6. Goods debits, seasonally adjusted, current prices

      Table 7. Goods credits, trend estimates, current prices

      Table 8. Goods debits, trend estimates, current prices

      Table 9. Services, summary - original, current prices

      Table 10. Services, summary - seasonally adjusted and trend estimates, current prices

      Table 11a. Services credits, original, current prices - quarterly

      Table 11b. Services debits, original, current prices - quarterly

      Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value

      Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value

      Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value

      Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value

      Table 14a. Merchandise exports, country and country groups, FOB value

      Table 14b. Merchandise imports, country and country groups, customs value

      Table 15a. Merchandise exports, state and Australia, FOB value

      Table 15b. Merchandise imports, state and Australia, customs value

      Table 16. Period average exchange rates, units of foreign currency per Australian dollar

      Table 17. Summary of revisions, goods and services

      Table 31. Merchandise exports, broad economic category, FOB value

      Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value

      Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value

      Table 33. Merchandise imports, broad economic category, customs value

      Table 34. Merchandise imports, balance of payments broad economic category, customs value

      Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value

      Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value

      Table 36a. Merchandise exports, state of origin New South Wales, by country and country groups, FOB value

      Table 36b. Merchandise exports, state of origin Victoria, by country and country groups, FOB value

      Table 36c. Merchandise exports, state of origin Queensland, by country and country groups, FOB value

      Table 36d. Merchandise exports, state of origin South Australia, by country and country groups, FOB value

      Table 36e. Merchandise exports, state of origin Western Australia, by country and country groups, FOB value

      Table 36f. Merchandise exports, state of origin Tasmania, by country and country groups, FOB value

      Table 36g. Merchandise exports, state of origin Northern Territory, by country and country groups, FOB value

      Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country and country groups, FOB value

      Table 36i. Merchandise exports, state of origin not available, by country and country groups, FOB value

      Table 36j. Merchandise exports, re-exports, by country and country groups, FOB value

      Table 37a. Merchandise imports, state of destination New South Wales, by country and country groups, customs value

      Table 37b. Merchandise imports, state of destination Victoria, by country and country groups, customs value

      Table 37c. Merchandise imports, state of destination Queensland, by country and country groups, customs value

      Table 37d. Merchandise imports, state of destination South Australia, by country and country groups, customs value

      Table 37e. Merchandise imports, state of destination Western Australia, by country and country groups, customs value

      Table 37f. Merchandise imports, state of destination Tasmania, by country and country groups, customs value

      Table 37g. Merchandise imports, state of destination Northern Territory, by country and country groups, customs value

      Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country and country groups, customs value

      Table 37i. Merchandise imports, state of destination not available, by country and country groups, customs value

      Table 91. Monthly combined seasonal adjustment factors

      Data downloads - data cubes

      Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)

      Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)

      History of changes

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      05/08/2020 - This update contains a minor wording amendment to the Related releases page. No data was affected