5302.0 - Balance of Payments and International Investment Position, Australia, June 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2013   
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RELATED RELEASES


INFORMATION PAPER: PROPOSED IMPLEMENTATION OF THE NEW INTERNATIONAL STANDARD FOR INTERNATIONAL MERCHANDISE TRADE STATISTICS, 2013

The Information Paper: Proposed Implementation of the New International Standard for International Merchandise Trade Statistics, 2013 (cat. no. 5368.0.55.020) was released on 6 August 2013 and explains the key conceptual changes and new recommendations included in International Merchandise Trade Statistics: Concepts and Definitions 2010 (IMTS 2010) in terms of Australia's statistics. The ABS position on each of the key conceptual changes is presented. Users of import and export statistics on an international merchandise trade basis are encouraged to provide feedback on the ABS position and comments on how the changes may affect the usefulness of the statistics.

The current conceptual framework which underpins Australia's export and import statistics on an international merchandise trade basis is consistent with the international standard set out in the United Nations (UN) publication International Merchandise Trade Statistics: Concepts and Definitions Series M, No. 52, Rev. 2.

The UN has updated the international standard for compiling international merchandise trade statistics. The new standard IMTS 2010 is more consistent with System of National Accounts 2008/ Balance of Payments and International Investment Position Manual sixth edition which is the overarching framework for the compilation of macroeconomic statistics by the ABS.


INFORMATION PAPER: MEASUREMENT OF ONLINE RETAIL TRADE IN MACROECONOMIC STATISTICS, 2013

The Information Paper: Measurement of Online Retail Trade in Macroeconomic Statistics, 2013 (cat. no. 8501.0.55.007) was released on 19 August 2013. The paper explains where online retail trade is currently included in ABS macroeconomic statistics and describes enhancements to improve measurement and coverage of online retail trade activity in both retail trade statistics and the wider macroeconomic accounts.