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JANUARY KEY FIGURES

		Nov 2018	Dec 2018	Jan 2019	Dec 18 to Jan 19
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	2 908	3 284	3 684	12
	Seasonally adjusted	2 206	3 769	4 549	21
CREDITS (Exports of goods & services)
	Trend estimates	38 299	38 652	38 991	1
	Seasonally adjusted	38 477	38 036	39 937	5
DEBITS (Imports of goods & services)
	Trend estimates	35 391	35 368	35 307	-
	Seasonally adjusted	36 271	34 267	35 388	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 surplus of $3,684m in January 2019, an increase of $400m on the surplus in December 2018.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $4,549m in January 2019, an increase of $780m on the surplus in December 2018.

• In seasonally adjusted terms, goods and services credits rose $1,901m (5%) to $39,937m. Non-monetary gold rose $1,373m, non-rural goods rose $396m (2%) and rural goods rose $97m (2%). Net exports of goods under merchanting fell $12m (33%). Services credits rose $46m (1%).

• In seasonally adjusted terms, goods and services debits rose $1,121m (3%) to $35,388m. Capital goods rose $737m (12%), consumption goods rose $483m (6%) and intermediate and other merchandise goods rose $157m (1%). Non-monetary gold fell $65m (13%). Services debits fell $191m (2%).