Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5368.0 - International Trade in Goods and Services, Australia, Aug 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/10/2010   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

AUGUST KEY FIGURES

Jun 2010
Jul 2010
Aug 2010
Jul 10 to Aug 10
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
2 253
2 404
2 549
. .
Seasonally adjusted
3 620
1 743
2 346
. .
CREDITS (Exports of goods & services)
Trend estimates
25 192
25 508
25 703
1
Seasonally adjusted
26 716
25 319
24 711
-2
DEBITS (Imports of goods & services)
Trend estimates
22 939
23 104
23 154
-
Seasonally adjusted
23 096
23 576
22 365
-5

. . 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



AUGUST KEY POINTS


BALANCE ON GOODS AND SERVICES
  • The trend estimate of the balance on goods and services was a surplus of $2,549m in August 2010, an increase of $145m on the revised surplus in July 2010.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $2,346m in August 2010, an increase of $603m on the revised surplus in July 2010.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $608m (2%) to $24,711m. Non-monetary gold fell $401m (32%), non-rural goods fell $145m (1%) and rural goods fell $85m (3%). Services credits rose $23m (1%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $1,211m (5%) to $22,365m. Intermediate and other merchandise goods fell $1,052m (12%), capital goods fell $127m (3%) and non-monetary gold fell $78m (22%). Consumption goods rose $42m (1%). Services debits rose $4m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
September 2010 4 November 2010
October 2010 2 December 2010
November 2010 11 January 2011
December 2010 3 February 2011
January 2011 3 March 2011
February 2011 5 April 2011



REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade and international trade in services.

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, for the last three financial years and last six months. In original terms, the revisions have:
  • decreased the surplus on goods and services for July 2010 by $139m
  • decreased the deficit on goods and services for 2009-10 by $814m.

Seasonally adjusted and trend series have been revised due to the incorporation of revised estimates, the incorporation of estimates for the latest month and the rederivation of seasonal factors under the concurrent seasonal adjustment methodology.


IRON ORE AND COAL PRICES

An adjustment has been made to the value of the 'metal ores and minerals' in the balance of payments series. See the section Commodity prices adjustment, for details.


CHANGES IN FORTHCOMING ISSUES

Country group

The September 2010 issue of this publication will introduce changes to the OECD country group with Chile and Slovenia now included as members. These countries will be included from the September 2010 reference month in the OECD data in Table 14 of this publication and time series spreadsheet tables 14a,14b, 36a to 36j and 37a to 37h. These countries will be included in the OECD data for the complete merchandise trade time series (ie. date from January 1988).

Seasonally adjusted and trend estimates

The seasonally adjusted and trend estimates of goods and services will be revised in the September 2010 issue as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the quarterly processing cycle and assesses the appropriateness of any prior corrections.


INQUIRIES

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


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.