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5368.0 - International Trade in Goods and Services, Australia, July 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2012   
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JULY KEY FIGURES

May 2012
Jun 2012
Jul 2012
Jun 12 to Jul 12
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-549
-506
-400
21
Seasonally adjusted
-644
-227
-556
-145
CREDITS (Exports of goods & services)
Trend estimates
25 976
26 146
26 352
1
Seasonally adjusted
26 531
26 485
25 757
-3
DEBITS (Imports of goods & services)
Trend estimates
26 525
26 652
26 752
-
Seasonally adjusted
27 176
26 712
26 313
-1

- 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


JULY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $400m in July 2012, a fall of $106m (21%) on the deficit in June 2012.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $556m in July 2012, a rise of $329m (145%) on the deficit in June 2012.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $728m (3%) to $25,757m. Non-monetary gold fell $420m (25%), non-rural goods fell $244m (1%) and rural goods fell $81m (3%). Net exports of goods under merchanting rose $5m (23%). Services credits rose $12m.


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $399m (1%) to $26,313m. Capital goods fell $495m (8%). Intermediate and other merchandise goods rose $102m (1%), consumption goods rose $13m and non-monetary gold rose $2m. Services debits fell $20m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2012 3 October 2012
September 2012 5 November 2012
October 2012 7 December 2012
November 2012 8 January 2013
December 2012 5 February 2013
January 2013 7 March 2013



REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade, other services debits and capital goods that have changed ownership but have not yet crossed the customs frontier:
  • on an international merchandise trade basis, exports and imports have been revised back to January 2012
  • on a balance of payments basis, goods and services debits have been revised back to October 2011.

See the Revisions section for details.


CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:
  • improvement to seasonal adjustment of current price value coal series
  • updates to the major commodities listing
  • change to data item description for Standard International Trade Classification (SITC) code 289
  • Australian Harmonized Export Commodity Classification (AHECC) codes for 1 July 2012
  • Australian Customs Tariff codes for 1 July 2012
  • amendments to existing Customs Tariff code correspondences.

Changes in forthcoming issues:
  • seasonally adjusted and trend estimates.

See the Changes in this and forthcoming issues section for details.


VALUE ADJUSTMENTS

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

See the Commodity value adjustment section for details.


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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