5368.0 - International Trade in Goods and Services, Australia, Jan 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 06/03/2014   
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JANUARY KEY FIGURES

Nov 2013
Dec 2013
Jan 2014
Dec 13 to Jan 14
$m
$m
$m
% change
BALANCE ON GOODS AND SERVICES
Trend estimates
200
597
986
65
Seasonally adjusted
168
591
1 433
142
CREDITS (Exports of goods and services)
Trend estimates
28 031
28 524
28 972
2
Seasonally adjusted
27 495
28 691
29 759
4
DEBITS (Imports of goods and services)
Trend estimates
27 831
27 927
27 986
-
Seasonally adjusted
27 328
28 101
28 327
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



JANUARY KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a surplus of $986m in January 2014, an increase of $389m (65%) on the surplus in December 2013.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,433m in January 2014, an increase of $842m (142%) on the surplus in December 2013.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $1,068m (4%) to $29,759m. Non-rural goods rose $536m (3%), non-monetary gold rose $425m (44%) and rural goods rose $178m (5%). Net exports of goods under merchanting fell $8m (18%). Services credits fell $63m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $226m (1%) to $28,327m. Intermediate and other merchandise goods rose $753m (8%) and consumption goods rose $47m (1%). Capital goods fell $532m (9%) and non-monetary gold fell $95m (27%). Services debits rose $53m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2014 3 April 2014
March 2014 6 May 2014
April 2014 5 June 2014
May 2014 2 July 2014
June 2014 5 August 2014
July 2014 4 September 2014



REVISIONS

Since the previous issue of this publication revisions have been made to align with the data published in the December quarter 2013 issues of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) and Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). On an international merchandise trade basis, exports and imports have been revised back to July 2013. On a balance of payments basis goods and services have been revised back to July 2012.

See the Revisions section for details.


CHANGES IN FORTHCOMING ISSUES

Changes to export and import statistical codes.

See the Changes in this issue section for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'metal ores and minerals' and 'capital goods n.e.s.' components in the balance of payments series.

See the Value adjustments section for details.


INQUIRIES

For further information contact Val Tot on Canberra (02) 6252 5540 for Goods, and Lauren Binns on Hobart (03) 6222 5926 for Services.