COMMODITY VALUE ADJUSTMENT
International merchandise trade exports data presented in tables 12–15 of this publication are based on information provided 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 estimated quantity and unit price information may be reported for commodities such as iron ore and coal. Final quantity and unit price information are updated progressively in merchandise trade data as exporters revise the information provided to Customs and Border Protection. When additional information on quantity and unit price for these commodities are available, the ABS may adjust the balance of payments series in current price, original terms to minimise future revisions.
- a negative $650m adjustment has been applied to the 'metal ores and minerals' component for October 2012. A negative adjustment of $50m applied to September 2012 remains.
- 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.
This page last updated 4 February 2013