Changes applied to export data on a merchandise trade basis
International merchandise trade exports data presented in tables 12–15 of International Trade in Goods and Services, Australia (cat. no. 5368.0) are based on information reported by exporters to the Australian Customs and Border Protection Service (Customs and Border Protection). At the time of initial reporting to Customs and Border Protection, the final prices at which transactions take place are not known for some commodities. The information recorded for commodities such as iron ore and coal includes a variety of prices including previous or current contract prices and the prevailing spot prices. Newly negotiated contract prices are not fully reflected in the data first reported to Customs and Border Protection.
Data published on a balance of payments basis are adjusted by using estimates of actual final transaction prices. When actual final transaction prices become available, the estimates are replaced with these data.
From January 2015 onwards, these adjustments have been made to exports data, on a merchandise trade basis, at the Australian Harmonized Export Commodity Classification (AHECC) level. The AHECC codes affected are:
- 26011110 Iron ores and concentrates, other than roasted iron pyrites, non–agglomerated, lump and run–of–mine
- 26011120 Iron ores and concentrates, other than roasted iron pyrites, non–agglomerated, fines.
This change has resulted in international merchandise trade data being a more accurate reflection of the value of exports crossing the customs frontier from when data are first published. The above codes contribute to metalliferous ores and scrap metal (SITC 28) on a merchandise trade basis, and the metal ores and minerals component of goods credits on a balance of payments basis. As such, balance of payments value adjustments are no longer applied to the metal ores and minerals component, however will continue to be applied to the coal, coke and briquettes on a balance of payments basis.
Future release dates of foreign trade publications
5368.0 – International Trade in Goods and Services, Australia
|February 2015||2 April 2015|
|March 2015||5 May 2015|
|April 2015||4 June 2015|
|May 2015||2 July 2015|
|June 2015||4 August 2015|
|July 2015||3 September 2015|
5439.0 – International Merchandise Imports, Australia
|March 2015 ||21 April 2015|
|April 2015 ||19 May 2015|
|May 2015 ||18 June 2015|
|June 2015 ||16 July 2015|
|July 2015 ||19 August 2015|
|August 2015||16 September 2015|
This page first published 19 October 2006, last updated 17 March 2015