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DECEMBER KEY FIGURES

		Oct 2018	Nov 2018	Dec 2018	Nov 18 to Dec 18
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	2 482	2 665	2 796	5
	Seasonally adjusted	2 285	2 256	3 681	63
CREDITS (Exports of goods & services)
	Trend estimates	37 849	38 033	38 139	-
	Seasonally adjusted	38 112	38 558	37 924	-2
DEBITS (Imports of goods & services)
	Trend estimates	35 366	35 368	35 343	-
	Seasonally adjusted	35 827	36 302	34 244	-6
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $2,796m in December 2018, an increase of $131m on the surplus in November 2018.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $3,681m in December 2018, an increase of $1,425m on the surplus in November 2018.

• In seasonally adjusted terms, goods and services credits fell $634m (2%) to $37,924m. Non-monetary gold fell $1,034m (57%) and net exports of goods under merchanting fell $1m (3%). Rural goods rose $353m (10%) and non-rural goods rose $33m. Services credits rose $16m.

• In seasonally adjusted terms, goods and services debits fell $2,058m (6%) to $34,244m. Capital goods fell $1,070m (15%), intermediate and other merchandise goods fell $717m (6%) and consumption goods fell $653m (7%). Non-monetary gold rose $161m (45%). Services debits rose $222m (3%).

• In original terms, the balance on goods and services for 2018 was a surplus of $22.2b, an increase of $12.7b on the surplus of $9.5b recorded in 2017, resulting from a $51.1b (13%) increase in goods and services credits and a $38.4b (10%) increase in goods and services debits.