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5368.0 - International Trade in Goods and Services, Australia, Sep 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/11/2014   
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SEPTEMBER KEY FIGURES

Jul 2014
Aug 2014
Sep 2014
Aug 14 to Sep 14
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-1 653
-1 800
-1 850
-3
Seasonally adjusted
-1 244
-1 013
-2 261
-123
CREDITS (Exports of goods and services)
Trend estimates
26 314
26 171
26 140
-
Seasonally adjusted
26 648
26 188
26 457
1
DEBITS (Imports of goods and services)
Trend estimates
27 966
27 971
27 990
-
Seasonally adjusted
27 892
27 201
28 718
6

- nil or rounded to zero (including null cells)

Balance on Goods and Services
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series



SEPTEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $1,850m in September 2014, an increase of $50m (3%) on the deficit in August 2014.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,261m in September 2014, an increase of $1,248m (123%) on the deficit in August 2014.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $269m (1%) to $26,457m. Non-monetary gold rose $585m (60%), rural goods rose $74m (2%) and net exports of goods under merchanting rose $2m (25%). Non-rural goods fell $443m (3%). Services credits rose $51m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $1,517m (6%) to $28,718m. Intermediate and other merchandise goods rose $974m (11%), consumption goods rose $186m (3%), capital goods rose $178m (3%) and non-monetary gold rose $135m (59%). Services debits rose $43m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2014 4 December 2014
November 2014 6 January 2015
December 2014 3 February 2015
January 2015 5 March 2015
February 2015 2 April 2015
March 2015 5 May 2015



REVISIONS

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 have been revised back to March 2014
  • on a balance of payments basis, revisions have been applied to:
      • goods credits back to July 2013
      • goods debits back to January 2014
      • services credits and debits back to July 2013.

Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms, since the last issue of this publication. In original terms, the revisions have:
  • increased the deficit on goods and services for 2013-14 by $64m
  • increased the deficit on goods and services for the two months to August 2014 by $215m.


CHANGES IN FORTHCOMING ISSUES

Changes in forthcoming issues:
  • amendment to time series spreadsheet tables 12b and 13b
  • changes to the AHECC
  • proposed changes to Customs Tariff import classification.

See the Changes in forthcoming issues section for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'metal ores and minerals', 'coal, coke and briquettes' and 'capital goods n.e.s.' components in the balance of payments series.

See the Value adjustments section for details.


RELATED RELEASES

See the Related releases section for details.


PRIVACY

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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 62525540 for Goods, and International Trade in Services on Hobart (03) 6222 5926 for Services.


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Commonwealth of Australia 2014

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