5368.0 - International Trade in Goods and Services, Australia, Jun 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/08/2018   
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JUNE KEY FIGURES

Apr 2018
May 2018
Jun 2018
May 18 to Jun 18
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
1 062
1 242
1 428
15
Seasonally adjusted
594
725
1 873
158
CREDITS (Exports of goods & services)
Trend estimates
35 144
35 549
35 855
1
Seasonally adjusted
34 244
35 525
36 439
3
DEBITS (Imports of goods & services)
Trend estimates
34 082
34 308
34 427
-
Seasonally adjusted
33 650
34 800
34 567
-1

- 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 $1,428m in June 2018, an increase of $186m on the surplus in May 2018.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,873m in June 2018, an increase of $1,148m on the surplus in May 2018.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $914m (3%) to $36,439m. Non-rural goods rose $542m (2%), rural goods rose $181m (5%) and non-monetary gold rose $104m (6%). Net exports of goods under merchanting remained steady at $4m. Services credits rose $87m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $233m (1%) to $34,567m. Intermediate and other merchandise goods fell $400m (4%), non-monetary gold fell $112m (15%) and consumption goods fell $14m. Capital goods rose $313m (5%). Services debits fell $22m.


2017-18 SITUATION
  • In original terms, the balance on goods and services for 2017-18 was a surplus of $6.3b, a decrease of $4.6b on the surplus of $10.9b recorded in 2016-17, resulting from a $31.9b (9%) increase in goods and services debits and a $27.3b (7%) increase in goods and services credits.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
July 2018 6 September 2018
August 2018 4 October 2018
September 2018 1 November 2018
October 2018 6 December 2018
November 2018 8 January 2019
December 2018 5 February 2019


PRIVACY

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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.