September key points
Balance on goods and services
- In trend terms, the balance on goods and services was a surplus of $7,530m in September 2019, an increase of $169m on the surplus in August 2019.
- In seasonally adjusted terms, the balance on goods and services was a surplus of $7,180m in September 2019, an increase of $563m on the surplus in August 2019.
Credits (exports of goods and services)
- In seasonally adjusted terms, goods and services credits rose $1,452m (3%) to $43,215m. Non-rural goods rose $586m (2%), non-monetary gold rose $558m (26%) and rural goods rose $240m (6%). Net exports of goods under merchanting remained steady at $15m. Services credits rose $69m (1%).
Debits (imports of goods and services)
- In seasonally adjusted terms, goods and services debits rose $889m (3%) to $36,034m. Capital goods rose $702m (12%), intermediate and other merchandise goods rose $474m (4%) and consumption goods rose $64m (1%). Non-monetary gold fell $373m (34%). Services debits rose $22m.
Key figures
| | Jul 2019 | Aug 2019 | Sep 2019 | Aug 19 to Sep 19 |
| | $m | $m | $m | % change |
|
BALANCE ON GOODS AND SERVICES | | | | |
| Trend estimates | 7 097 | 7 361 | 7 530 | 2 |
| Seasonally adjusted | 7 316 | 6 617 | 7 180 | 9 |
CREDITS (Exports of goods & services) | | | | |
| Trend estimates | 42 260 | 42 557 | 42 777 | 1 |
| Seasonally adjusted | 42 633 | 41 763 | 43 215 | 3 |
DEBITS (Imports of goods & services) | | | | |
| Trend estimates | 35 163 | 35 196 | 35 247 | - |
| Seasonally adjusted | 35 317 | 35 145 | 36 034 | 3 |
|
- nil or rounded to zero (including null cells) |
Balance on Goods and Services