5368.0 - International Trade in Goods and Services, Australia, Jun 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/08/2017   
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JUNE KEY FIGURES

Apr 2017
May 2017
Jun 2017
May 17 to Jun 17
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
2 004
1 575
1 166
-26
Seasonally adjusted
-76
2 024
856
-58
CREDITS (Exports of goods & services)
Trend estimates
32 268
32 083
31 866
-1
Seasonally adjusted
30 058
32 218
31 779
-1
DEBITS (Imports of goods & services)
Trend estimates
30 264
30 508
30 701
1
Seasonally adjusted
30 133
30 193
30 923
2


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



JUNE KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $1,166m in June 2017, a decrease of $409m on the surplus in May 2017.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $856m in June 2017, a decrease of $1,168m on the surplus in May 2017.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $439m (1%) to $31,779m. Non-rural goods fell $740m (4%) and net exports of goods under merchanting fell $1m (4%). Non-monetary gold rose $406m (27%) and rural goods rose $26m (1%). Services credits fell $129m (2%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $730m (2%) to $30,923m. Capital goods rose $733m (13%), non-monetary gold rose $238m (76%) and consumption goods rose $194m (2%). Intermediate and other merchandise goods fell $406m (4%). Services debits fell $30m.


2016-17 SITUATION
  • In original terms, the balance on goods and services for 2016-17 was a surplus of $12.4b, a turnaround of $49.1b on the deficit of $36.7b recorded in 2015-16, resulting from a $53.2b (17%) increase in goods and services credits and a $4.1b (1%) increase in goods and services debits.


NOTES


FORTHCOMING ISSUES

ISSUE Release Date
July 2017 7 September 2017
August 2017 5 October 2017
September 2017 2 November 2017
October 2017 7 December 2017
November 2017 5 January 2018
December 2017 6 February 2018



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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 5706 for Services.