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MAY KEY FIGURES

		Mar 2018	Apr 2018	May 2018	Apr 18 to May 18
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	829	973	1 056	9
	Seasonally adjusted	1 141	472	827	75
CREDITS (Exports of goods & services)
	Trend estimates	34 651	35 043	35 322	1
	Seasonally adjusted	34 853	34 209	35 562	4
DEBITS (Imports of goods & services)
	Trend estimates	33 822	34 071	34 266	1
	Seasonally adjusted	33 712	33 737	34 735	3

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $1,056m in May 2018, an increase of $83m on the surplus in April 2018.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $827m in May 2018, an increase of $355m on the surplus in April 2018.

• In seasonally adjusted terms, goods and services credits rose $1,353m (4%) to $35,562m. Non-rural goods rose $938m (4%) and non-monetary gold rose $343m (22%). Rural goods fell $4m. Net exports of goods under merchanting remained steady at $4m. Services credits rose $75m (1%).

• In seasonally adjusted terms, goods and services debits rose $998m (3%) to $34,735m. Consumption goods rose $471m (6%), intermediate and other merchandise goods rose $459m (4%) and non-monetary gold rose $142m (23%). Capital goods fell $98m (2%). Services debits rose $23m.