Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
5368.0 - International Trade in Goods and Services, Australia, Jul 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/08/2005   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

JULY KEY FIGURES

May 2005
June 2005
July 2005
Jun 05 to Jul 05
$m
$m
$m
% change

Trend

Balance on goods & services
-1 508
-1 452
-1 403
. .
Credits (exports of goods & services)
14 586
14 746
14 879
1
Debits (imports of goods & services)
16 094
16 198
16 282
1

Seasonally Adjusted

Balance on goods & services
-1 471
-1 404
-1 458
. .
Credits (exports of goods & services)
14 750
14 638
14 992
2
Debits (imports of goods & services)
16 221
16 042
16 450
3

. . not applicable

Balance on goods and services
Graph: Balance on goods and services



JULY KEY POINTS


TREND ESTIMATES
  • The provisional trend estimate of the balance on goods and services was a deficit of $1,403m in July 2005, a decrease of $49m on the revised deficit in June.
  • Goods and services credits rose $133m (1%) to $14,879m. Goods and services debits rose $84m (1%) to $16,282m.


SEASONALLY ADJUSTED ESTIMATES
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $1,458m in July, an increase of $54m on the deficit in June.
  • Goods and services credits rose $354m (2%) to $14,992m. Non-rural and other goods rose $324m (3%), and rural goods rose $13m (1%). Services credits rose $17m (1%).
  • Goods and services debits rose $408m (3%) to $16,450m. Intermediate and other goods rose $252m (4%), capital goods rose $91m (3%) and consumption goods rose $34m (1%). Services debits rose $31m (1%).


ORIGINAL ESTIMATES
  • In original terms, the July balance on goods and services was a deficit of $386m, a decrease of $1,768m on the deficit in June. Goods and services credits rose $1,641m (12%) and goods and services debits fell $127m (1%).
  • Non-rural and other goods were up $2.4b (31%) while rural goods were down $0.3b (12%) on the corresponding period in 2003-04.


NOTES


REVISIONS

The merchandise trade series have been revised following the incorporation of the latest available data.



CHANGES TO FORTHCOMING ISSUE

Travel and tourism related services


From the August 2005 issue of this publication, the travel services credits and debits series will incorporate a new methodology and new data sources. Estimates for earlier periods will be recompiled to maintain consistency in the time series.


There will be consequential changes to the tourism related services series as travel services are a significant contributor to these series.


Those changes are part of the ABS's ongoing efforts to improve the quality of services estimates.


A feature article, detailing the changes to travel services credits and debits, will be released concurrently with the August 2005 issue of this publication.


October 2005 Issue of 5368.0


The release date for this issue has been moved from the previously advertised date of 30 November 2005 to 6 December 2005. This delay is to enable validation of the data and processes following the full implementation in October 2005 of a new Imports processing system by the Australian Customs service.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tom Jebbink on Canberra (02) 62525540.



ANALYSIS AND COMMENTS


BALANCE ON GOODS AND SERVICES

The trend estimate of the balance on goods and services in July 2005 was a deficit of $1,403m, a decrease of $49m on the deficit in June.


In seasonally adjusted terms, the balance on goods and services in July 2005 was a deficit of $1,458m, an increase of $54m on the deficit in June.



EXPORTS OF GOODS AND SERVICES

The trend estimate of goods and services credits rose $133m (1%) between June and July to $14,879m.


In seasonally adjusted terms, goods and services credits rose $354m (2%) to $14,992m. Non-rural and other goods rose $324m (3%), rural goods rose $13m (1%) and services credits rose $17m (1%).


Exports of goods

GOODS CREDITS
Graph: Goods Credits



Rural goods

The trend estimate of rural goods exports rose $26m (1%) to $2,137m.


In seasonally adjusted terms, exports of rural goods rose $13m (1%) to $2,151m.


In original terms, exports of rural goods rose $9m to $2,096m.


Movements in the original series contributing to the rise in the seasonally adjusted series were:

  • cereal grains and cereal preparations, up $34m (12%), in contrast to an average June to July fall of 3% over the previous three years
  • other rural, up $7m (1%), in contrast to an average June to July fall of 3% over the previous three years.

Largely offsetting these effects were wool and sheepskins, down $20m (8%), in contrast to an average June to July rise of 7% over the previous three years.


Non-rural and other goods

The trend estimate of non-rural and other goods exports rose $118m (1%) to $9,832m.


In seasonally adjusted terms, exports of non-rural and other goods rose $324m (3%) to $9,904m.


In original terms, exports of non-rural and other goods rose $765m (8%) to $10,179m.


The value of exports of non-rural and other goods in original terms is influenced by the number and composition of trading days in July 2005 compared with June 2005. To account for this difference, a downward adjustment of about 7 percentage points was applied prior to deriving the seasonally adjusted series.


The following commodity groups had the largest deviation from their three year average movement:

  • other mineral fuels, up $440m (50%), compared with an average June to July rise of 19% over the previous three years
  • coal, coke and briquettes, up $169m (9%), in contrast to an average June to July fall of 5% over the previous three years
  • metal ores and minerals, up $18m (1%), in contrast to an average June to July fall of 8% over the previous three years
  • other goods, up $105m (19%), compared with an average June to July rise of 6% over the previous three years
  • other non-rural, down $32m (3%), in contrast to an average June to July rise of 6% over the previous three years.

Exports of services
SERVICES CREDITS
Graph: Services Credits



In trend terms, services credits fell $11m to $2,910m.


Seasonally adjusted, services credits rose $17m (1%) to $2,937m.


Movements in the seasonally adjusted components contributing to this rise were:

  • other services, up $13m (2%)
  • travel services, up $4m.

Seasonally adjusted, tourism related services credits rose $8m to $1,831m.



IMPORTS OF GOODS AND SERVICES

The trend estimate of goods and services debits rose $84m (1%) between June and July to $16,282m.


In seasonally adjusted terms, goods and services debits rose $408m (3%) to $16,450m. Intermediate and other goods rose $252m (4%), capital goods rose $91m (3%) and consumption goods rose $34m (1%).


Imports of goods

GOODS DEBITS
Graph: GOODS DEBITS



Consumption goods

The trend estimate of imports of consumption goods fell $15m to $3,983m.


In seasonally adjusted terms, imports of consumption goods rose $34m (1%) to $4,034m.


In original terms, imports of consumption goods rose $139m (4%) to $4,021m.


The value of imports of consumption goods in original terms is influenced by the number of effective trading days in July 2005 being lower than June 2005. To account for this difference, an upward adjustment of about 3 percentage points was applied prior to deriving the seasonally adjusted series.


The following commodity groups had the largest deviation from their three year average movement:

  • consumption goods n.e.s., up $69m (6%), compared with an average June to July rise of 21% over the previous three years
  • non-industrial transport equipment, down $60m (5%), in contrast to an average June to July rise of 6% over the previous three years
  • food and beverages, down $24m (5%), in contrast to an average June to July rise of 9% over the previous three years.

Capital goods

The trend estimate of imports of capital goods rose $3m to $3,004m.


In seasonally adjusted terms, imports of capital goods rose $91m (3%) to $2,981m.


In original terms, imports of capital goods fell $391m (12%) to $2,956m.


The value of imports of capital goods in original terms is influenced by the number of effective trading days in July 2005 being lower than June 2005. To account for this difference, an upward adjustment of about 6 percentage points was applied prior to deriving the seasonally adjusted series.


The following commodity groups had the largest deviation from their three year average movement:

  • machinery and industrial equipment, up $112m (11%), compared with an average June to July rise of 8% over the previous three years
  • industrial transport equipment n.e.s., down $19m (4%), compared with an average June to July fall of 6% over the previous three years
  • civil aircraft, down $253m (72%)
  • capital goods n.e.s., down $49m (11%), in contrast to an average June to July rise of 5% over the previous three years.

Intermediate and Other Goods

The trend estimate of imports of intermediate and other goods rose $98m (2%) to $6,180m.


In seasonally adjusted terms, intermediate and other goods imports rose $252m (4%) to $6,291m.


In original terms, imports of intermediate and other goods fell $56m (1%) to $5,885m.


To account for the difference in effective trading days between June and July 2005, an upward adjustment of about 1 percentage point was applied to the original estimates prior to deriving the seasonally adjusted series.


Movements in the original series contributing to the rise in seasonally adjusted terms were:

  • fuels and lubricants, up $25m (2%), in contrast to an average June to July fall of 3% over the previous three years
  • organic and inorganic chemicals, up $43m (16%), compared with an average June to July rise of 5% over the previous three years
  • other merchandise goods, up $4m (6%), in contrast to an average June to July fall of 11% over the previous three years
  • iron and steel, up $23m (9%), compared with an average June to July rise of 5% over the previous three years.

Partly offsetting these effects were:
  • processed industrial supplies n.e.s., down $4m, in contrast to an average June to July rise of 9% over the previous three years
  • parts for transport equipment, down $33m (6%), in contrast to an average June to July rise of 8% over the previous three years.

Imports of services
SERVICES DEBITS
Graph: SERVICES DEBITS



In trend terms, services debits fell $2m to $3,115m.


Seasonally adjusted, services debits rose $31m (1%) to $3,144m.


The movements in the seasonally adjusted components contributing to this rise were:

  • travel services, up $14m (1%)
  • freight, up $10m (2%)
  • transportation services, up $3m (1%)
  • other services, up $4m.

Seasonally adjusted, tourism related services debits fell $1m to $1,586m.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.