5368.0 - International Trade in Goods and Services, Australia, Jul 2014

Quality Declaration

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2014

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JULY KEY FIGURES

		May 2014	Jun 2014	Jul 2014	Jun 14 to Jul 14
		$m	$m	$m	% change

BALANCE ON GOODS AND SERVICES
	Trend estimates	-1 066	-1 530	-1 915	-25
	Seasonally adjusted	-2 041	-1 564	-1 359	13
CREDITS (Exports of goods and services)
	Trend estimates	27 329	26 903	26 548	-1
	Seasonally adjusted	26 507	26 742	27 022	1
DEBITS (Imports of goods and services)
	Trend estimates	28 395	28 433	28 463	-
	Seasonally adjusted	28 548	28 307	28 381	-

- nil or rounded to zero (including null cells)

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

JULY KEY POINTS

BALANCE ON GOODS AND SERVICES

In trend terms, the balance on goods and services was a deficit of $1,915m in July 2014, an increase of $385m (25%) on the deficit in June 2014.
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,359m in July 2014, a decrease of $205m (13%) on the deficit in June 2014.

CREDITS (EXPORTS OF GOODS AND SERVICES)

In seasonally adjusted terms, goods and services credits rose $280m (1%) to $27,022m. Non-monetary gold rose $150m (14%), rural goods rose $75m (2%), non-rural goods rose $44m and net exports of goods under merchanting rose $1m (100%). Services credits rose $10m.

DEBITS (IMPORTS OF GOODS AND SERVICES)

In seasonally adjusted terms, goods and services debits rose $74m to $28,381m. Intermediate and other merchandise goods rose $89m (1%) and consumption goods rose $19m. Non-monetary gold fell $77m (23%) and capital goods fell $2m. Services debits rose $45m (1%).

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
August 2014	2 October 2014
September 2014	4 November 2014
October 2014	4 December 2014
November 2014	6 January 2015
December 2014	3 February 2015
January 2015	5 March 2015

REVISIONS

Since the previous issue of this publication revisions have been made to align with the data published in the June quarter 2014 issues of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) and Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). On an international merchandise trade basis, exports and imports have been revised back to January 2014. On a balance of payments basis, goods and services debits have been revised back to April 2014.

See the Revisions section for details.

CHANGES IN THIS AND FORTHCOMING ISSUES

Changes in this issue:

Updates to the major commodities listing for international merchandise trade.

Changes in forthcoming issues:

Change to country label
Change to port label
Revision to correspondence between AHECC and Standard International Trade Classification Revision 4
Revision to correspondence between Customs Tariff and Standard International Trade Classification Revision 4
Annual seasonal re-analysis.

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', 'coal, coke and briquettes' and 'capital goods n.e.s.' components in the balance of payments series.

See the Value adjustments section for details.

PRIVACY

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INQUIRIES

For further information contact Balance of Payments on Canberra (02) 6252 5540 for Goods, and International Trade in Services on Hobart (03) 6222 5926 for Services.