Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
5368.0 - International Trade in Goods and Services, Australia, Jan 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2011   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

JANUARY KEY FIGURES

Nov 2010
Dec 2010
Jan 2011
Dec 10 to Jan 11
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
2 278
2 277
2 386
. .
Seasonally adjusted
2 012
2 018
1 875
. .
CREDITS (Exports of goods & services)
Trend estimates
24 450
24 395
24 469
-
Seasonally adjusted
24 411
24 642
23 639
-4
DEBITS (Imports of goods & services)
Trend estimates
22 172
22 118
22 083
-
Seasonally adjusted
22 400
22 624
21 764
-4

. . 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



JANUARY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • The trend estimate of the balance on goods and services was a surplus of $2,386m in January 2011, an increase of $109m on the surplus in December 2010.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,875m in January 2011, a decrease of $143m on the surplus in December 2010.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $1,003m (4%) to $23,639m. Non-rural goods fell $1,403m (8%) and rural goods fell $37m (2%). Non-monetary gold rose $422m (38%) and net exports of goods under merchanting rose $5m. Services credits rose $10m.


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $860m (4%) to $21,764m. Intermediate and other merchandise goods fell $904m (11%), non-monetary gold fell $102m (26%) and consumption goods fell $79m (1%). Capital goods rose $128m (3%). Services debits rose $98m (2%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2011 5 April 2011
March 2011 10 May 2011
April 2011 2 June 2011
May 2011 5 July 2011
June 2011 3 August 2011
July 2011 8 September 2011



REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade. In the balance of payments series, a $5m revision has been applied to 2009-10. The revised data aligns with the data published in the December quarter 2010 issues of the Balance of Payments and International Investment Position (cat. no. 5302.0) and the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). There were no other revisions to the balance of payments basis series in original terms.


IRON ORE AND COAL PRICES

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


RELATED PUBLICATIONS

The following publications due for release are detailed in the Related publications section:
  • Concepts, Sources and Methods Publication
  • Information paper: Proposed changes to statistical codes in the AHECC, 2012
  • Characteristics of Australian Exporters, 2009-10.


CHANGES IN THIS ISSUE

Statistical codes in the Australian Harmonized Export Commodity Classification and the Customs Tariff classification have been revised with the new codes that came into effect on 1 January 2011. See the section Changes in this issue for details.


IMPACT OF THE FLOODS

The collection and processing of data included in this publication were not disrupted. See the section Impact of the floods 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.


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.