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MARCH KEY FIGURES

		Jan 2018	Feb 2018	Mar 2018	Feb 18 to Mar 18
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	476	795	1 112	40
	Seasonally adjusted	1 159	1 349	1 527	13
CREDITS (Exports of goods & services)
	Trend estimates	33 516	34 095	34 589	1
	Seasonally adjusted	34 114	34 352	34 840	1
DEBITS (Imports of goods & services)
	Trend estimates	33 040	33 300	33 476	1
	Seasonally adjusted	32 955	33 004	33 314	1

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $1,112m in March 2018, an increase of $317m on the surplus in February 2018.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $1,527m in March 2018, an increase of $178m on the surplus in February 2018.

• In seasonally adjusted terms, goods and services credits rose $488m (1%) to $34,840m. Non-rural goods rose $191m (1%), non-monetary gold rose $131m (8%) and rural goods rose $126m (3%). Net exports of goods under merchanting fell $1m (14%). Services credits rose $41m (1%).

• In seasonally adjusted terms, goods and services debits rose $310m (1%) to $33,314m. Intermediate and other merchandise goods rose $381m (4%) and non-monetary gold rose $232m (48%). Consumption goods fell $198m (2%) and capital goods fell $61m (1%). Services debits fell $44m (1%).