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5368.0 - International Trade in Goods and Services, Australia, Dec 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/02/2016   
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DECEMBER KEY FIGURES

Oct 2015
Nov 2015
Dec 2015
Nov 15 to Dec 15
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
-2 965
-3 145
-3 313
-5
Seasonally adjusted
-3 253
-2 727
-3 535
-30
CREDITS (Exports of goods & services)
Trend estimates
26 502
26 252
25 934
-1
Seasonally adjusted
26 534
26 490
25 247
-5
DEBITS (Imports of goods & services)
Trend estimates
29 467
29 398
29 247
-1
Seasonally adjusted
29 787
29 216
28 782
-1


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



DECEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $3,313m in December 2015, an increase of $168m (5%) on the deficit in November 2015.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $3,535m in December 2015, an increase of $808m (30%) on the deficit in November 2015.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $1,243m (5%) to $25,247m. Non-rural goods fell $1,078m (7%) and rural goods fell $392m (9%). Non-monetary gold rose $121m (10%). Net exports of goods under merchanting remained steady at $14m. Services credits rose $108m (2%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $434m (1%) to $28,782m. Intermediate and other merchandise goods fell $399m (4%), capital goods fell $176m (3%) and consumption goods fell $57m (1%). Non-monetary gold rose $108m (39%). Services debits rose $89m (1%).


2015 SITUATION
  • In original terms, the balance on goods and services for 2015 was deficit of $33.5b, a rise of $23.6b (239%) on the deficit of $9.9b recorded in 2014, resulting from a $13.8b (4%) increase in goods and services debits and a $9.8b (3%) decrease in goods and services credits.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2016 3 March 2016
February 2016 5 April 2016
March 2016 5 May 2016
April 2016 2 June 2016
May 2016 5 July 2016
June 2016 2 August 2016



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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.


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Commonwealth of Australia 2016

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