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5368.0 - International Trade in Goods and Services, Australia, Jun 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/08/2013   
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JUNE KEY FIGURES

Apr 2013
May 2013
Jun 2013
May 13 to Jun 13
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
354
552
628
14
Seasonally adjusted
55
507
602
19
CREDITS (Exports of goods and services)
Trend estimates
25 793
25 991
26 151
1
Seasonally adjusted
25 420
26 376
26 077
–1
DEBITS (Imports of goods and services)
Trend estimates
25 438
25 439
25 523
Seasonally adjusted
25 364
25 869
25 475
–2

– nil or rounded to zero (including null cells)

Balance on Goods and Services
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series



JUNE KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $628m in June 2013, an increase of $76m (14%) on the surplus in May 2013.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $602m in June 2013, an increase of $95m (19%) on the surplus in May 2013.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $299m (1%) to $26,077m. Non–monetary gold fell $282m (20%) and non–rural goods fell $34m. Rural goods rose $22m (1%) and net exports of goods under merchanting rose $1m (8%). Services credits fell $6m.


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $394m (2%) to $25,475m. Intermediate and other merchandise goods fell $598m (7%) and non–monetary gold fell $59m (14%). Capital goods rose $163m (3%) and consumption goods rose $80m (1%). Services debits rose $19m.


2012–13 SITUATION
  • In original terms, the balance on goods and services for 2012–13 was a deficit of $9.4b, a turnaround of $13.2b on the surplus of $3.8b recorded in 2011–12, resulting from a $15.3b (5%) decrease in goods and services credits partly offset by a $2.1b (1%) decrease in goods and services debits.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
July 2013 5 September 2013
August 2013 2 October 2013
September 2013 6 November 2013
October 2013 5 December 2013
November 2013 7 January 2014
December 2013 6 February 2014



REVISIONS

Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication:
  • on an international merchandise trade basis, exports and imports have been revised back to December 2012
  • on a balance of payments basis, goods debits have been revised back to November 2012, goods credits and services debits have been revised back to December 2012 and services credits have been revised back to April 2013.

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 deficit on goods and services for the eleven months to May 2013 by $226m.


CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:
  • Change to method for confidentialising exports data.

Changes in forthcoming issues:
  • Change to country groupings
  • Amendment to schedule 4 of Customs tariff
  • Updates to the major commodities listing for international merchandise trade.

See the Changes in this and forthcoming issues section for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'capital goods n.e.s.' component in the balance of payments series.

See the Value adjustments section for details.


RELATED RELEASES

See the Related releases section for details.


INQUIRIES

For further information contact Val Tot on Canberra (02) 62525540 for Goods, and Lauren Binns on Hobart (03) 6222 5926 for Services.


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