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International Trade in Goods and Services, Australia

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Statistics about international trade in goods and services, on a balance of payments and international trade basis

Reference period
July 2021
Released
2/09/2021

Key statistics

  • The seasonally adjusted balance on goods and services surplus increased $1,003m to $12,117m in July.
  • Goods and services credits (exports) rose $2,090m (5%) to $45,951m.
  • Goods and services debits (imports) rose $1,087m (3%) to $33,834m.

Main features

Key Figures, Seasonally Adjusted
  May-21 ($m)Jun-21 ($m)Jul-21 ($m)Jun-21 to Jul-21 ($m)Jun-21 to Jul-21 (%)
Balance on goods and services9 71811 11412 1171 003na
 Credits (Exports of goods & services)42 14443 86145 9512 0905
 Debits (Imports of goods & services)-32 426-32 747-33 8341 0873

na not applicable

COVID-19

Cessation of International Merchandise Trade, Preliminary, Australia

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $12,117m in July 2021, an increase of $1,003m on the surplus in June 2021. 

Balance on goods and services(a), seasonally adjusted
   May-21 ($m)Jun-21 ($m)Jul-21 ($m)Jun-21 to Jul-21 ($m)Jun-21 to Jul-21 (%)
Balance on goods and services9 71811 11412 1171 003na
 Total goods and services credits42 14443 86145 9512 0905
  Total goods credits37 21638 78141 2652 4846
  Total services credits4 9275 0804 686- 394- 8
 Total goods and services debits-32 426-32 747-33 8341 087 3
  Total goods debits-28 097-28 319-29 4951 176 4
  Total services debits-4 329-4 427-4 339- 88-2

na not applicable
(a) For sign conventions, see the Explanatory notes.

Goods and services credits (exports), seasonally adjusted

Goods credits

(a) Trend series suspended from March 2019.

Goods credits, seasonally adjusted
 May-21 ($m)Jun-21 ($m)Jul-21 ($m)Jun-21 to Jul-21 ($m)Jun-21 to Jul-21 (%)
Total goods credits37 21638 78141 2652 4846
 General merchandise35 36236 60139 1442 5437
  Rural goods4 3924 7084 9772696
  Non-rural goods30 97031 89234 1672 2757
 Net exports of goods under merchanting(a)373737--
 Non-monetary gold(a)1 8172 1432 084- 59- 3

- nil or rounded to zero (including null cells)
(a) This component is not seasonally adjusted.

Rural goods

Non-rural goods

Services credits

(a) Trend series suspended from March 2019

Services credits, seasonally adjusted
 May-21 ($m)Jun-21 ($m)Jul-21 ($m)Jun-21 to Jul-21 ($m)Jun-21 to Jul-21 (%)
Total services credits4 9275 0804 686- 394- 8
 Manufacturing services on physical inputs owned by others(a)222--
 Maintenance and repair services n.i.e.(a)555--
 Transport339343320- 23- 7
  Passenger(b)(c)232813- 15- 54
  Freight(d)21202115
  Other165165158- 7- 4
  Postal and courier services(e)131130127- 3- 2
 Travel(c)2 0132 1391 777- 362- 17
 Other services2 5682 5922 583- 9-
Memorandum item     
 Tourism related services credits(f)2 0362 1671 789- 378- 17

- nil or rounded to zero (including null cells) (a) This component is not seasonally adjusted. 
(a) This component is not seasonally adjusted. 
(b) Passenger transportation services includes agency fees and commissions for air transport. 
(c) This component has been seasonally adjusted using the forward factor method since March 2020 due to the impacts of COVID-19. 
(d) In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern. 
(e) Postal and courier services includes indirect commissions for sea transport. 
(f) For a more detailed explanation of tourism related services, see the Explanatory notes

Goods and services debits (imports), seasonally adjusted

Goods debits

(a) Trend series suspended from March 2019

Goods debits (imports) (a), seasonally adjusted
 May-21 ($m)Jun-21 ($m)Jul-21 ($m)Jun-21 to Jul-21 ($m)Jun-21 to Jul-21 (%)
Total goods debits-28 097-28 319-29 4951 1764
 General merchandise debits-27 212-27 756-29 0581 3025
  Consumption goods-9 780-9 693-9 367- 326- 3
  Capital goods-6 700-7 212-7 166- 46- 1
  Intermediate and other merchandise goods-10 732-10 851-12 5251 67415
 Non-monetary gold(b)- 885- 563- 437- 126- 22

(a) For sign conventions, see the Explanatory notes.
(b) This component is not seasonally adjusted.

Consumption goods

Capital goods

Intermediate and other merchandise goods

Services debits

(a) Trend series suspended from March 2019

Services debits(a), seasonally adjusted
 May-21 ($m)Jun-21 ($m)Jul-21 ($m)Jun-21 to Jul-21 ($m)Jun-21 to Jul-21 (%)
Total services debits-4 329-4 427-4 339- 88- 2
 Manufacturing services on physical inputs owned by others(b)-----
 Maintenance and repair services n.i.e.(b)- 42- 45- 54920
 Transport-1 313-1 375-1 428534
  Passenger(c)(d)- 79- 75- 67- 8- 11
  Freight-1 207-1 274-1 336625
  Other(b)- 15- 15- 14- 1- 7
  Postal and courier services(e)(f)- 12- 12- 10- 2- 17
 Travel(d)- 269- 265- 166- 99- 37
 Other services-2 705-2 743-2 691- 52- 2
Memorandum item     
 Tourism related services debits(g)- 348- 339- 233- 106- 31

- nil or rounded to zero (including null cells) 
(a) For sign conventions, see the Explanatory Notes. 
(b) This component is not seasonally adjusted. 
(c) Passenger services includes agency fees and commissions for air transport. 
(d) This component has been seasonally adjusted using the forward factor method since March 2020 due to the impacts of COVID-19.
(e) Postal and courier services includes indirect commissions for sea transport. 
(f) In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern. 
(g) For a more detailed explanation of tourism related services, see the Explanatory notes. 

Australian System of National Accounts historical revisions (September Quarter)

Statistical revisions are carried out regularly in the Australian System of National Accounts to reflect the most current information and estimation methods. Periodically the ABS will revise a longer annual time series, which is often referred to as “historical revisions".  These longer time series revisions focus on improving data quality (e.g. incorporating cyclical data collections such as the Census); adopting new classifications; and improving international comparability. 
The next major historical revisions to National Accounts are scheduled to be published in the International Trade in Goods and Services, Australia on 05 October 2021.  These revisions will incorporate the following improvements:

Visa application charges source improvements and reclassification - data for visa application charges is now sourced from the Department of Home Affairs, and from 2015-16 onwards, revenue obtained from visa application charges is now treated as tax revenue rather than the sale of a service.  This change brings the treatment of visa application charges in the National Accounts into alignment with Government Finance Statistics, as described in the Government Finance Statistics publication.
Travel services imports - new data sources and method for estimating imports of travel service are incorporated into the National Accounts, Balance of Payments, and Trade in Goods and Services statistics.

Supplementary information

Selected commodities

Value adjustments

Revisions

Previous catalogue number

This release previously used catalogue number 5368.0.
 

Data downloads

Time series spreadsheets

Data files
Data files
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