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5368.0 - International Trade in Goods and Services, Australia, Jan 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/03/2012   
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JANUARY KEY FIGURES

Nov 2011
Dec 2011
Jan 2012
Dec 11 to Jan 12
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
1 115
744
373
. .
Seasonally adjusted
1 145
1 325
-673
. .
CREDITS (Exports of goods & services)
Trend estimates
27 080
26 870
26 612
-1
Seasonally adjusted
27 122
27 651
25 372
-8
DEBITS (Imports of goods & services)
Trend estimates
25 965
26 126
26 239
-
Seasonally adjusted
25 976
26 326
26 045
-1

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

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



JANUARY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $373m in January 2012, a fall of $371m on the surplus in December 2011.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $673m in January 2012, a turnaround of $1,998m on the surplus in December 2011.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $2,279m (8%) to $25,372m. Non-rural goods fell $1,193m (6%), non-monetary gold fell $1,070m (56%) and rural goods fell $137m (5%). Net exports of goods under merchanting rose $3m (50%). Services credits rose $118m (3%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $281m (1%) to $26,045m. Intermediate and other merchandise goods fell $477m (5%) and capital goods fell $75m (1%). Consumption goods rose $164m (3%) and non-monetary gold rose $28m (6%). Services debits rose $79m (2%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2012 4 April 2012
March 2012 8 May 2012
April 2012 8 June 2012
May 2012 5 July 2012
June 2012 2 August 2012
July 2012 7 September 2012



REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade and information on capital goods that have changed ownership but not crossed the Customs frontier:
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:
  • decreased the surplus on goods and services for the six months to December 2011 by $1,060m.

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


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 Commodity value adjustment section for details.


CHANGES IN THIS ISSUE

Changes to the export and import statistical codes.

See the Changes in this issue section for details.


RELATED RELEASES

For related releases, see the Related releases 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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