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JANUARY KEY FIGURES

		Nov 2014	Dec 2014	Jan 2015	Dec 14 to Jan 15
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 020	-916	-847	8
	Seasonally adjusted	-1 066	-503	-980	-95
CREDITS (Exports of goods & services)
	Trend estimates	26 981	27 149	27 285	1
	Seasonally adjusted	26 856	27 186	27 529	1
DEBITS (Imports of goods & services)
	Trend estimates	28 001	28 065	28 132	-
	Seasonally adjusted	27 923	27 689	28 509	3
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a deficit of $847m in January 2015, a decrease of $69m (8%) on the deficit in December 2014.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $980m in January 2015, an increase of $477m (95%) on the deficit in December 2014.

• In seasonally adjusted terms, goods and services credits rose $343m (1%) to $27,529m. Non-rural goods rose $398m (2%) and non-monetary gold rose $29m (2%). Rural goods fell $70m (2%) and net exports of goods under merchanting fell $10m (23%). Services credits fell $4m.

• In seasonally adjusted terms, goods and services debits rose $820m (3%) to $28,509m. Intermediate and other merchandise goods rose $346m (4%), capital goods rose $308m (6%) and consumption goods rose $192m (3%). Non-monetary gold fell $28m (10%). Services debits rose $2m.

• changes applied to export data on a merchandise trade basis
• impacts on services due to delays of Overseas Arrivals and Departures (OAD) data
• changes to the AHECC
• changes to the Customs Tariff import classification.

• delays of Overseas Arrivals and Departures (OAD) data.