5368.0 - International Trade in Goods and Services, Australia, May 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/07/2016   
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MAY KEY FIGURES

Mar 2016
Apr 2016
May 2016
Apr 16 to May 16
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-2 541
-2 175
-1 885
13
Seasonally adjusted
-2 201
-1 785
-2 218
-24
CREDITS (Exports of goods & services)
Trend estimates
25 526
25 768
26 016
1
Seasonally adjusted
25 957
25 982
26 170
1
DEBITS (Imports of goods & services)
Trend estimates
28 067
27 943
27 901
-
Seasonally adjusted
28 158
27 767
28 387
2


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



MAY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $1,885m in May 2016, a decrease of $290m (13%) on the deficit in April 2016.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $2,218m in May 2016, an increase of $433m (24%) on the deficit in April 2016.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $188m (1%) to $26,170m. Non-rural goods rose $420m (3%). Non-monetary gold fell $186m (10%) and rural goods fell $77m (2%). Net exports of goods under merchanting remained steady at $28m. Services credits rose $31m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $620m (2%) to $28,387m. Intermediate and other merchandise goods rose $385m (5%), capital goods rose $182m (4%) and non-monetary gold rose $124m (29%). Consumption goods fell $81m (1%). Services debits rose $10m.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
June 2016 2 August 2016
July 2016 8 September 2016
August 2016 6 October 2016
September 2016 3 November 2016
October 2016 8 December 2016
November 2016 6 January 2017



PRIVACY

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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 62525540 for Goods, and International Trade in Services on Hobart (03) 6222 5706 for Services.