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FEBRUARY KEY FIGURES

		Dec 2018	Jan 2019	Feb 2019	Jan 19 to Feb 19
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	3 495	3 953	4 348	10
	Seasonally adjusted	3 853	4 351	4 801	10
CREDITS (Exports of goods & services)
	Trend estimates	38 729	39 129	39 466	1
	Seasonally adjusted	37 938	39 756	39 833	-
DEBITS (Imports of goods & services)
	Trend estimates	35 234	35 176	35 118	-
	Seasonally adjusted	34 085	35 406	35 032	-1
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $4,348m in February 2019, an increase of $395m on the surplus in January 2019.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $4,801m in February 2019, an increase of $450m on the surplus in January 2019.

• In seasonally adjusted terms, goods and services credits rose $77m to $39,833m. Non-rural goods rose $127m. Non-monetary gold fell $142m (7%) and rural goods fell $44m (1%). Net exports of goods under merchanting remained steady at $10m. Services credits rose $136m (2%).

• In seasonally adjusted terms, goods and services debits fell $374m (1%) to $35,032m. Intermediate and other merchandise goods fell $443m (4%), capital goods fell $155m (2%) and non-monetary gold fell $22m (5%). Consumption goods rose $12m. Services debits rose $235m (3%).