5368.0 - International Trade in Goods and Services, Australia, Sep 2012 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/11/2012   
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SEPTEMBER KEY FIGURES

Jul 2012
Aug 2012
Sep 2012
Aug 12 to Sep 12
$m
$m
$m
% change
BALANCE ON GOODS AND SERVICES
Trend estimates
-1 220
-1 425
-1 555
-9
Seasonally adjusted
-1 234
-1 876
-1 456
22
CREDITS (Exports of goods & services)
Trend estimates
25 267
24 925
24 560
-1
Seasonally adjusted
25 334
24 324
24 166
-1
DEBITS (Imports of goods & services)
Trend estimates
26 487
26 350
26 114
-1
Seasonally adjusted
26 569
26 200
25 623
-2

Balance on Goods and Services
Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series



SEPTEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $1,555m in September 2012, a rise of $130m (9%) on the deficit in August 2012.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $1,456m in September 2012, a fall of $420m (22%) on the deficit in August 2012.


CREDITS (EXPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services credits fell $158m (1%) to $24,166m. Non-rural goods fell $331m (2%), rural goods fell $74m (3%) and net exports of goods under merchanting fell $2m (13%). Non-monetary gold rose $253m (20%). Services credits fell $3m.


DEBITS (IMPORTS OF GOODS & SERVICES)
  • In seasonally adjusted terms, goods and services debits fell $577m (2%) to $25,623m. Capital goods fell $460m (8%), consumption goods fell $323m (6%) and intermediate and other merchandise goods fell $104m (1%). Non-monetary gold rose $281m (70%). Services debits rose $28m (1%).


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
October 2012 7 December 2012
November 2012 8 January 2013
December 2012 5 February 2013
January 2013 7 March 2013
February 2013 3 April 2013
March 2013 7 May 2013



REVISIONS

Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication:
  • on an international merchandise trade basis, exports and imports have been revised back to March 2012
  • on a balance of payments basis goods have been revised back to July 2011, and services to April 2012.

Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms, since the last issue of this publication. In original terms, the revisions have:
  • decreased the surplus on goods and services for 2011-12 by $336m
  • decreased the deficit on goods and services for the two months to August 2012 by $573m.


CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:
  • Preliminary quarterly volume and price estimates
  • Amendment of confidentiality restriction

Changes in forthcoming issues:
  • Changes to statistics presented on a country basis
  • Introduction of new time series spreadsheet

See the Changes in this and forthcoming issues section for details.


VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'metal ores and minerals' and 'capital goods n.e.s.' components in the balance of payments series.

See the Commodity value adjustment section for details.



RELATED RELEASES

Trade in services data cubes:

INQUIRIES

For further information contact Val Tot on Canberra (02) 6252 5540 for Goods, and Lee Taylor on Canberra (02) 6252 6377 for Services.