5368.0 - International Trade in Goods and Services, Australia, Sep 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/11/2009
Page tools:
 Print Page
 Print All
| ||
|
ANALYSIS AND COMMENTS RURAL GOODS In trend terms, exports of rural goods fell $71m (3%) to $2,052m. In seasonally adjusted terms, exports of rural goods fell $74m (4%) to $2,042m. The components contributing to the fall in seasonally adjusted estimates were:
In original terms, exports of rural goods fell $84m (4%) to $1,987m. NON-RURAL GOODS In trend terms, exports of non-rural goods fell $92m (1%) to $11,747m. In seasonally adjusted terms, exports of non-rural goods rose $280m (2%) to $12,073m. The main components contributing to the rise in seasonally adjusted estimates were:
Partly offsetting these increases was the other mineral fuels component, down $79m (6%). In original terms, exports of non-rural goods rose $178m (1%) to $12,345m. NET EXPORTS OF GOODS UNDER MERCHANTING In trend terms, net exports of goods under merchanting remained steady at $24m. In both original terms and seasonally adjusted terms, net exports of goods under merchanting rose $1m (4%) to $26m. NON-MONETARY GOLD In trend terms, exports of non-monetary gold rose $12m (1%) to $955m. In both original terms and seasonally adjusted terms, non-monetary gold rose $538m (64%) to $1,374m. Exports of services In trend terms, services credits rose $44m (1%) to $4,612m. In seasonally adjusted terms, services credits rose $137m (3%) to $4,699m. The components contributing to the rise in the seasonally adjusted estimates were:
Partly offsetting these rises were:
Travel services credits for the current month are initially based on an estimate of the number of non-resident arrivals and departures. In seasonally adjusted terms, tourism related services credits rose $125m (4%) to $3,146m. IMPORTS OF GOODS AND SERVICES Between August 2009 and September 2009 the trend estimate of goods and services debits rose $131m (1%) to $21,241m. In seasonally adjusted terms, goods and services debits rose $1,081m (5%) to $22,064m. Intermediate and other merchandise goods rose $656m (10%), non-monetary gold rose $182m (33%), consumption goods rose $123m (2%) and capital goods rose $74m (2%). Services debits rose $47m (1%). Preliminary analysis shows that, in seasonally adjusted terms, goods imports volumes increased about 4.4% during the September quarter 2009 and the implicit price deflator fell 2.3%. In original terms, the Chain Laspeyres price index fell about 3.4% and the implicit price deflator fell 2.5%. The final volume and price outcomes will be published in the September quarter 2009 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0). Imports of goods CONSUMPTION GOODS In trend terms, imports of consumption goods fell $28m (1%) to $5,120m. In seasonally adjusted terms, imports of consumption goods rose $123m (2%) to $5,123m. The components contributing to the rise in the seasonally adjusted estimates were:
In original terms, imports of consumption goods rose $648m (13%) to $5,570m. CAPITAL GOODS In trend terms, imports of capital goods rose $8m to $3,700m. In seasonally adjusted terms, imports of capital goods rose $74m (2%) to $4,009m. The main component contributing to the rise in the seasonally adjusted estimates was industrial transport equipment n.e.s., up $113m (28%). Partly offsetting this rise was the ADP equipment component, down $54m (9%). In original terms, imports of capital goods rose $442m (12%) to $4,181m. INTERMEDIATE AND OTHER MERCHANDISE GOODS In trend terms, imports of intermediate and other merchandise goods rose $46m (1%) to $7,120m. In seasonally adjusted terms, imports of intermediate and other merchandise goods rose $656m (10%) to $7,350m. The main components contributing to the rise in the seasonally adjusted estimates were:
In original terms the rise in the fuels and lubricants component was driven by refined petroleum oils, up $477m (71%) with volumes up 72%. Crude petroleum was down $23m (2%) with volumes up 3% and prices down 5%. Contributing to the increase in refined petroleum oils were:
In original terms, imports of intermediate and other merchandise goods rose $991m (15%) to $7,560m. NON-MONETARY GOLD In trend terms, imports of non-monetary gold rose $38m (8%) to $489m. In both original terms and seasonally adjusted terms, non-monetary gold debits rose $182m (33%) to $737m. Imports of services In trend terms, services debits rose $67m (1%) to $4,812m. In seasonally adjusted terms, services debits rose $47m (1%) to $4,845m. The main components contributing to the rise in the seasonally adjusted estimates were:
In seasonally adjusted terms, tourism related services debits rose $14m (1%) to $2,552m. Country breakdown for the financial year 2008-2009 The following charts show Australia's major trading partners for financial year 2008-2009. The charts include both trade in goods (on a recorded trade basis) and trade in services (on a balance of payments basis). The first chart shows the countries with the largest two-way trade i.e. combined trade in both exports and imports of goods and services. The second chart shows separately total exports and total imports, for the ten countries in the first chart. Combining trade in goods (on a recorded trade basis) and trade in services (on a balance of payments basis) provides a good approximation of total trade. Some transactions will be excluded (e.g. Merchanting credits and Goods procured in ports by carriers debits) while the Manufacturing services on physical inputs owned by others will be double counted. These transactions are unlikely to impact on the broad analysis. Document Selection These documents will be presented in a new window.
|
|