5368.0 - International Trade in Goods and Services, Australia, Feb 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/04/2018   
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FEBRUARY KEY FIGURES

Dec 2017
Jan 2018
Feb 2018
Jan 18 to Feb 18
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
177
200
262
31
Seasonally adjusted
-1 445
952
825
-13
CREDITS (Exports of goods & services)
Trend estimates
32 978
33 440
33 863
1
Seasonally adjusted
32 648
34 227
34 229
-
DEBITS (Imports of goods & services)
Trend estimates
32 801
33 240
33 601
1
Seasonally adjusted
34 093
33 275
33 405
-

- 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



FEBRUARY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $262m in February 2018, an increase of $62m on the surplus in January 2018.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $825m in February 2018, a decrease of $127m on the surplus in January 2018.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $2m to $34,229m. Rural goods rose $552m (17%). Non-monetary gold fell $505m (23%) and non-rural goods fell $90m. Net exports of goods under merchanting remained steady at $7m. Services credits rose $45m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $130m to $33,405m. Consumption goods rose $547m (7%), non-monetary gold rose $70m (17%) and capital goods rose $60m (1%). Intermediate and other merchandise goods fell $657m (6%). Services debits rose $110m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2018 3 May 2018
April 2018 7 June 2018
May 2018 4 July 2018
June 2018 2 August 2018
July 2018 6 September 2018
August 2018 4 October 2018



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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for goods, and International Trade in Services at <trade.services@abs.gov.au> for services.