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5368.0 - International Trade in Goods and Services, Australia, Sep 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/11/2011   
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SEPTEMBER KEY FIGURES

Jul 2011
Aug 2011
Sep 2011
Aug 11 to Sep 11
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
2 363
2 596
2 718
. .
Seasonally adjusted
1 830
2 953
2 564
. .
CREDITS (Exports of goods & services)
Trend estimates
26 882
27 252
27 486
1
Seasonally adjusted
26 130
28 037
27 325
-3
DEBITS (Imports of goods & services)
Trend estimates
24 519
24 657
24 768
-
Seasonally adjusted
24 300
25 084
24 761
-1

. . not applicable
- nil or rounded to zero (including null cells)

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



SEPTEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • The trend estimate of the balance on goods and services was a surplus of $2,718m in September 2011, a rise of $122m on the surplus in August 2011.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $2,564m in September 2011, a fall of $389m on the surplus in August 2011.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $712m (3%) to $27,325m. Non-monetary gold fell $411m (24%) and non-rural goods fell $295m (2%). Rural goods rose $45m (2%) and net exports of goods under merchanting rose $1m (25%). Services credits fell $52m (1%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $323m (1%) to $24,761m. Intermediate and other merchandise goods fell $460m (5%) and consumption goods fell $155m (3%). Capital goods rose $302m (6%) and non-monetary gold rose $39m (7%). Services debits fell $47m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2011 12 December 2011
November 2011 5 January 2012
December 2011 2 February 2012
January 2012 9 March 2012
February 2012 4 April 2012
March 2012 8 May 2012



REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade and international trade in services:
  • on a recorded trade basis, international merchandise exports and imports have been revised back to March 2011
  • on a balance of payments basis:
      • goods and services have been revised back to July 2010
      • services have been revised for the periods from July 1984 to June 1994.

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 surplus on goods and services for 2010-11 by $42m
  • decreased the surplus on goods and services for the two months to August 2011 by $265m.

Seasonally adjusted and trend series have been revised due to the incorporation of the revisions and estimates for the latest month.


VALUE ADJUSTMENTS

Iron ore and coal
  • for this issue, no value adjustments have been applied to the 'metal ores and minerals' or 'coal, coke and briquettes' components. All previous adjustments applied to these components have been removed.

Capital expenditure
  • the balance of payments goods debits component 'capital goods n.e.s.' includes an estimate of capital expenditure on goods that have changed ownership but have not yet crossed the Customs frontier.


RELATED RELEASES

For related recent and upcoming releases. See the section - Related releases.


INQUIRIES

For further information contact Selvi Sekhar on Canberra (02) 62525540 for Goods, and Lee Taylor on Canberra (02) 6252 6377 for Services.


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