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JUNE KEY FIGURES

		Apr 2018	May 2018	Jun 2018	May 18 to Jun 18
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	1 062	1 242	1 428	15
	Seasonally adjusted	594	725	1 873	158
CREDITS (Exports of goods & services)
	Trend estimates	35 144	35 549	35 855	1
	Seasonally adjusted	34 244	35 525	36 439	3
DEBITS (Imports of goods & services)
	Trend estimates	34 082	34 308	34 427	-
	Seasonally adjusted	33 650	34 800	34 567	-1
- 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 $1,428m in June 2018, an increase of $186m on the surplus in May 2018.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $1,873m in June 2018, an increase of $1,148m on the surplus in May 2018.

• In seasonally adjusted terms, goods and services credits rose $914m (3%) to $36,439m. Non-rural goods rose $542m (2%), rural goods rose $181m (5%) and non-monetary gold rose $104m (6%). Net exports of goods under merchanting remained steady at $4m. Services credits rose $87m (1%).

• In seasonally adjusted terms, goods and services debits fell $233m (1%) to $34,567m. Intermediate and other merchandise goods fell $400m (4%), non-monetary gold fell $112m (15%) and consumption goods fell $14m. Capital goods rose $313m (5%). Services debits fell $22m.

• In original terms, the balance on goods and services for 2017-18 was a surplus of $6.3b, a decrease of $4.6b on the surplus of $10.9b recorded in 2016-17, resulting from a $31.9b (9%) increase in goods and services debits and a $27.3b (7%) increase in goods and services credits.