5368.0 - International Trade in Goods and Services, Australia, Feb 2012

Quality Declaration

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/04/2012

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FEBRUARY KEY FIGURES

		Dec 2011	Jan 2012	Feb 2012	Jan 12 to Feb 12
		$m	$m	$m	% change

BALANCE ON GOODS AND SERVICES
	Trend estimates	513	28	-451	. .
	Seasonally adjusted	1 258	-971	-480	. .
CREDITS (Exports of goods & services)
	Trend estimates	26 320	25 779	25 179	-2
	Seasonally adjusted	27 405	24 943	24 425	-2
DEBITS (Imports of goods & services)
	Trend estimates	25 806	25 751	25 630	-
	Seasonally adjusted	26 148	25 914	24 905	-4

. . not applicable
- nil or rounded to zero (including null cells)

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

FEBRUARY KEY POINTS

BALANCE ON GOODS AND SERVICES

In trend terms, the balance on goods and services was a deficit of $451m in February 2012, a turnaround of $479m on the surplus in January 2012.
In seasonally adjusted terms, the balance on goods and services was a deficit of $480m in February 2012, a fall of $491m on the deficit in January 2012.

CREDITS (EXPORTS OF GOODS & SERVICES)

In seasonally adjusted terms, goods and services credits fell $518m (2%) to $24,425m. Non-rural goods fell $490m (3%) and rural goods fell $253m (9%). Non-monetary gold rose $365m (43%). Net exports of goods under merchanting remained steady at $30m. Services credits fell $141m (3%).

DEBITS (IMPORTS OF GOODS & SERVICES)

In seasonally adjusted terms, goods and services debits fell $1,009m (4%) to $24,905m. Consumption goods fell $395m (7%), intermediate and other merchandise goods fell $307m (3%) and capital goods fell $257m (5%). Non-monetary gold rose $10m (2%). Services debits fell $61m (1%).

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
March 2012	8 May 2012
April 2012	8 June 2012
May 2012	5 July 2012
June 2012	2 August 2012
July 2012	7 September 2012
August 2012	3 October 2012

REVISIONS

Revisions have been made to incorporate the latest data relating to international merchandise trade and international trade in services:

on a recorded trade basis, international merchandise exports and imports have been revised back to August 2011
on a balance of payments basis, goods and services have been revised back to July 2010.

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:

increased the surplus on goods and services for 2010-11 by $716m
decreased the surplus on goods and services for the seven months to January 2012 by $138m.

Seasonally adjusted and trend series have been revised due to the incorporation of these revisions and estimates for the latest month.

VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'coal, coke and briquettes' and 'capital goods n.e.s.' components in the balance of payments series.

See the Commodity value adjustment section for details.

INQUIRIES

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