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5368.0 - International Trade in Goods and Services, Australia, Jul 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/08/2007   
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JULY KEY FIGURES

May 2007
June 2007
July 2007
Jun 07 to Jul 07
$m
$m
$m
% change

TREND

Balance on goods and services
-1 207
-1 196
-1 193
. .
Credits (exports of goods & services)
18 226
18 243
18 248
-
Debits (imports of goods & services)
19 434
19 439
19 442
-

SEASONALLY ADJUSTED

Balance on goods and services
-981
-1 737
-756
. .
Credits (exports of goods & services)
18 559
17 953
18 361
2
Debits (imports of goods & services)
19 540
19 690
19 118
-3

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

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 $1,193m in July 2007, a decrease of $3m on the revised deficit in June.
  • Goods and services credits rose $5m to $18,248m. Goods and services debits rose $3m to $19,442m.


SEASONALLY ADJUSTED ESTIMATES
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $756m in July 2007, a decrease of $981m on the revised deficit in June.
  • Goods and services credits rose $408m (2%) to $18,361m. Non-rural and other goods rose $348m (3%) and rural goods rose $61m (3%). Services credits fell $1m.
  • Goods and services debits fell $572m (3%) to $19,118m. Capital goods fell $342m (10%), intermediate and other goods fell $213m (3%) and consumption goods fell $22m. Services debits rose $4m.


ORIGINAL ESTIMATES
  • In original terms, the July 2007 balance on goods and services was a deficit of $840m, a decrease of $863m on the deficit in June. Goods and services credits rose $793m (4%) and goods and services debits fell $70m.
  • Exports of non-rural and other goods in July 2007 were up $0.4b (3%) while rural goods were down $0.3b (13%) when compared to July 2006.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
August 2007 3 October 2007
September 2007 1 November 2007
October 2007 3 December 2007
November 2007 10 January 2008
December 2007 4 February 2008
January 2008 6 March 2008



REVISIONS

Revisions were made to the merchandise trade series to incorporate the latest available data. There were no revisions to the balance of payments series in original terms. However, the seasonally adjusted and trend estimates have been revised due to the use of concurrent seasonal adjustment. (See Paragraph 8 in Explanatory Notes).



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.


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