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International accounts and trade
INTRODUCTION
This chapter presents statistics on Australia’s international accounts, covering exports and imports of goods, international trade in services, international investment transactions, and levels of Australia’s foreign financial assets and liabilities.
These statistics are used by economic analysts and policy advisers to monitor, evaluate and forecast developments in Australia’s external trade and external sector accounts for the purposes of domestic and international macroeconomic analysis and policy determination. They are used by governments, government agencies, businesses, industry associations, research institutions and others to analyse patterns of trade and assess particular types of transactions and financial claims and liabilities between Australian residents and non-residents, for purposes such as developing economic policy, trade promotion and negotiations, and market and industry performance studies.
The information presented in this chapter is on the same conceptual basis as the information presented in the National Accounts chapter of this edition of Year Book Australia. However, estimates in the two chapters differ as they are based on information compiled at different points in time.
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