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5368.0 - International Trade in Goods and Services, Australia, Nov 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/01/2012   
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NOVEMBER KEY FIGURES

Sep 2011
Oct 2011
Nov 2011
Oct 11 to Nov 11
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
1 911
1 807
1 642
. .
Seasonally adjusted
2 012
1 418
1 380
. .
CREDITS (Exports of goods & services)
Trend estimates
27 246
27 368
27 413
-
Seasonally adjusted
27 159
27 189
27 247
-
DEBITS (Imports of goods & services)
Trend estimates
25 335
25 561
25 771
1
Seasonally adjusted
25 147
25 771
25 867
-

. . 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



NOVEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • The trend estimate of the balance on goods and services was a surplus of $1,642m in November 2011, a fall of $165m on the surplus in October 2011.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,380m in November 2011, a fall of $38m on the surplus in October 2011.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $58m to $27,247m. Non-monetary gold rose $358m (32%) and rural goods rose $32m (1%). Non-rural goods fell $239m (1%). Services credits fell $93m (2%).


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $96m to $25,867m. Capital goods rose $305m (6%). Non-monetary gold fell $214m (24%), intermediate and other merchandise goods fell $19m and consumption goods fell $16m. Services debits rose $41m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
December 2011 2 February 2012
January 2012 9 March 2012
February 2012 4 April 2012
March 2012 8 May 2012
April 2012 8 June 2012
May 2012 5 July 2012



REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade and international trade in services:
  • on a recorded trade basis, international merchandise exports and imports have been revised back to May 2011
  • on a balance of payments basis,
      • goods credits have been revised back to April 2011
      • goods debits have been revised back to February 2011
      • services credits have been revised back to September 2010
      • services debits have been revised back to July 2010.

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:
  • increased the surplus on goods and services for 2010-11 by $49m
  • decreased the surplus on goods and services for the four months to October 2011 by $308m.

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


VALUE ADJUSTMENTS

Goods credits - Iron ore and coal
  • for this issue, a negative adjustment of $75m has been applied to the 'metal ores and minerals' component
  • no adjustments have been made to the 'coal, coke and briquettes' component.

Goods debits - Capital expenditure
  • the balance of payments goods debits component 'capital goods n.e.s.' includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the Customs frontier.


RELATED RELEASES

For related recent releases, see the Related releases section.


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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