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 2022

Released

8/09/2022

View all releases

Key statistics

The seasonally adjusted balance on goods and services surplus decreased $8,398m to $8,733m in July.
Goods and services credits (exports) fell $6,077m (9.9%) to $55,282m, driven by falls in Coal, coke and briquettes and Metals ores and minerals.
Goods and services debits (imports) rose $2,321m (5.2%) to $46,549m, driven by a rise in Travel debits.

Main features

Key Figures, Seasonally Adjusted
		May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Balance on goods and services		14,561	17,131	8,733	-8,398	na
	Credits (Exports of goods & services)	58,480	61,359	55,282	-6,077	-9.9
	Debits (Imports of goods & services)	-43,918	-44,228	-46,549	2,321	5.2

na not applicable

Balance on goods and services
	Seasonally Adjusted ($m)
Apr-21	9,216
May-21	10,058
Jun-21	10,544
Jul-21	13,705
Aug-21	12,402
Sep-21	10,546
Oct-21	10,462
Nov-21	9,379
Dec-21	7,927
Jan-22	12,129
Feb-22	7,062
Mar-22	9,005
Apr-22	11,849
May-22	14,561
Jun-22	17,131
Jul-22	8,733

Balance on goods and services

["","Seasonally Adjusted"]

[["Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22"],[[9216],[10058],[10544],[13705],[12402],[10546],[10462],[9379],[7927],[12129],[7062],[9005],[11849],[14561],[17131],[8733]]]

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COVID-19

Suspension of trend estimates

The trend series attempts to measure underlying behaviour in international trade activity. In the short term, this measurement will be significantly affected by the COVID-19 pandemic and subsequent changes to regular patterns in international trade resulting from it. If the trend estimates in this publication were to be calculated without fully accounting for this unusual event they would provide a misleading view of underlying international trade activity.

It may be some time before the underlying trend in international trade activity can be accurately estimated. The trend series has therefore been suspended from March 2019 and will be reinstated when more certainty emerges.

Seasonal adjustment and COVID-19

International Accounts uses the concurrent seasonal adjustment method, meaning that seasonal factors are re-estimated each time new data becomes available. If not appropriately accounted for, unusual events such as COVID-19 can distort estimates calculated using this method. From March 2020, seasonal factors for series that have been notably impacted by COVID-19 will be calculated using data up to and including February 2020, then projected from March 2020 onwards. This approach, known as the forward factor method, ensures that seasonal factors are not distorted by COVID-19 impacts.

The ABS has advised users that it moved to using forward factors for seasonal analysis of a number of series, including Travel Services. Current ABS (and international) practice requires at least three years of data to assess whether a change in seasonal pattern has occurred. Should COVID-19 result in a long-term change to the seasonal pattern then revisions to these series may occur in the future. The ABS will consult with users on any future methods changes to seasonal adjustment and potential revisions. The Feature Article International travel services time series outlines the matter in greater detail.

Quality of international trade in services statistics

Monthly International Trade in Services statistics (ITS) are compiled using multiple data sources. These data, compared with the publication reference period, are lagged. The lag in data results in most ITS estimates being nowcast when initially published. In recent times, these estimates have been more volatile, due in part to COVID-19 but also due to services data availability. While the Australian Bureau of Statistics (ABS) make every effort to ensure estimates of monthly ITS are reflective and robust, in the current environment, the ABS recommends monthly services estimates be interpreted and used with caution. The International Trade in Services; Concepts, Source and Methods outlines this in further detail.

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $8,733m in July 2022, a decrease of $8,398m on the surplus in June 2022.

Balance on goods and services(a), seasonally adjusted
			May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Balance on goods and services			14,561	17,131	8,733	-8,398	na
	Total goods and services credits		58,480	61,359	55,282	-6,077	-9.9
		Total goods credits	52,646	55,280	48,962	-6,318	-11.4
		Total services credits	5,833	6,079	6,320	241	4.0
	Total goods and services debits		-43,918	-44,228	-46,549	2,321	5.2
		Total goods debits	-36,294	-36,137	-37,800	1,663	4.6
		Total services debits	-7,624	-8,090	-8,749	659	8.1

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

Goods and services credits (exports), seasonally adjusted

Goods credits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Jul-18	29,634	29,298
Aug-18	29,739	29,753
Sep-18	29,977	30,049
Oct-18	30,556	30,269
Nov-18	30,586	30,476
Dec-18	30,216	30,743
Jan-19	31,523	31,075
Feb-19	31,624	31,545
Mar-19	30,511	-
Apr-19	31,611	-
May-19	33,853	-
Jun-19	33,700	-
Jul-19	35,484	-
Aug-19	33,139	-
Sep-19	33,586	-
Oct-19	31,519	-
Nov-19	31,931	-
Dec-19	32,201	-
Jan-20	30,724	-
Feb-20	28,776	-
Mar-20	34,507	-
Apr-20	31,597	-
May-20	29,220	-
Jun-20	29,026	-
Jul-20	29,148	-
Aug-20	27,694	-
Sep-20	28,651	-
Oct-20	30,337	-
Nov-20	31,281	-
Dec-20	33,488	-
Jan-21	34,680	-
Feb-21	34,933	-
Mar-21	34,588	-
Apr-21	35,751	-
May-21	37,165	-
Jun-21	38,162	-
Jul-21	41,889	-
Aug-21	41,894	-
Sep-21	38,901	-
Oct-21	38,781	-
Nov-21	40,717	-
Dec-21	41,272	-
Jan-22	44,817	-
Feb-22	45,233	-
Mar-22	45,519	-
Apr-22	47,766	-
May-22	52,646	-
Jun-22	55,280	-
Jul-22	48,962	-

["","Seasonally Adjusted","Trend (a)"]

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(a) Trend series suspended from March 2019.

Goods credits, seasonally adjusted
			May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Total goods credits			52,646	55,280	48,962	-6,318	-11.4
	General merchandise		50,406	51,626	46,480	-5,146	-10.0
		Rural goods	5,632	6,434	6,684	250	3.9
		Non-rural goods	44,774	45,192	39,796	-5,396	-11.9
	Net exports of goods under merchanting(a)		25	25	25	-	-
	Non-monetary gold(a)		2,215	3,629	2,457	-1,172	-32.3

- nil (including null cells)
(a) This component is not seasonally adjusted.

Rural goods

Rural goods, seasonally adjusted
	May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Rural goods	5,632	6,434	6,684	250	3.9
	Meat and meat preparations	1,430	1,589	1,567	-22	-1.4
	Cereal grains and cereal preparations	1,329	1,740	1,917	177	10.2
	Wool and sheepskins	314	352	365	13	3.7
	Other rural(a)	2,560	2,753	2,834	81	2.9

Non-rural goods

Non-rural goods, seasonally adjusted
		May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Non-rural goods	44,774	45,192	39,796	-5,396	-11.9
	Metal ores and minerals	14,382	15,275	12,999	-2,276	-14.9
	Coal, coke and briquettes	14,371	14,414	11,903	-2,511	-17.4
	Other mineral fuels	9,583	9,060	8,661	-399	-4.4
	Metals (excl. non-monetary gold)	1,134	1,428	1,342	-86	-6.0
	Machinery	987	1,010	966	-44	-4.4
	Transport equipment	463	285	323	38	13.3
	Other manufactures	2,163	2,125	2,013	-112	-5.3
	Other non-rural (incl. sugar and beverages)(a)	1,350	1,290	1,281	-9	-0.7
	Goods procured in ports by carriers(b)	341	304	307	3	1.0

Services credits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Jul-18	7,737	7,759
Aug-18	7,851	7,826
Sep-18	7,897	7,887
Oct-18	7,978	7,939
Nov-18	7,987	7,989
Dec-18	7,978	8,039
Jan-19	8,052	8,094
Feb-19	8,253	8,156
Mar-19	8,223	-
Apr-19	8,256	-
May-19	8,379	-
Jun-19	8,463	-
Jul-19	8,533	-
Aug-19	8,653	-
Sep-19	8,698	-
Oct-19	8,790	-
Nov-19	8,821	-
Dec-19	8,758	-
Jan-20	8,143	-
Feb-20	7,455	-
Mar-20	6,890	-
Apr-20	5,421	-
May-20	5,601	-
Jun-20	5,752	-
Jul-20	5,277	-
Aug-20	5,102	-
Sep-20	5,293	-
Oct-20	5,386	-
Nov-20	5,461	-
Dec-20	5,358	-
Jan-21	5,290	-
Feb-21	5,106	-
Mar-21	4,982	-
Apr-21	4,953	-
May-21	5,160	-
Jun-21	5,309	-
Jul-21	4,872	-
Aug-21	4,776	-
Sep-21	4,872	-
Oct-21	4,684	-
Nov-21	4,733	-
Dec-21	4,769	-
Jan-22	5,021	-
Feb-22	5,046	-
Mar-22	5,100	-
Apr-22	5,503	-
May-22	5,833	-
Jun-22	6,079	-
Jul-22	6,320	-

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(a) Trend series suspended from March 2019.

Services credits, seasonally adjusted
			May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Total services credits			5,833	6,079	6,320	241	4.0
	Manufacturing services on physical inputs owned by others(a)		-	-	-	-	-
	Maintenance and repair services n.i.e.(a)		4	3	-	-3	-100.0
	Transport		503	555	548	-7	-1.3
		Passenger(b)(c)	169	220	213	-7	-3.2
		Freight(d)	33	34	35	1	2.9
		Other	186	186	185	-1	-0.5
		Postal and courier services(e)	115	115	114	-1	-0.9
	Travel(c)		2,513	2,687	2,906	219	8.2
	Other services		2,814	2,833	2,866	33	1.2
Memorandum item
	Tourism related services credits(f)		2,682	2,908	3,120	212	7.3

- nil (including null cells)
(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

	Seasonally Adjusted ($m)	Trend (a) ($m)
Jul-18	26,531	26,967
Aug-18	27,136	27,101
Sep-18	26,843	27,093
Oct-18	27,307	26,958
Nov-18	27,380	26,780
Dec-18	25,084	26,663
Jan-19	27,051	26,603
Feb-19	26,805	26,590
Mar-19	26,328	-
Apr-19	26,614	-
May-19	26,903	-
Jun-19	26,508	-
Jul-19	26,646	-
Aug-19	26,822	-
Sep-19	27,454	-
Oct-19	27,590	-
Nov-19	26,328	-
Dec-19	26,578	-
Jan-20	25,526	-
Feb-20	24,820	-
Mar-20	24,888	-
Apr-20	25,113	-
May-20	23,807	-
Jun-20	24,234	-
Jul-20	25,761	-
Aug-20	26,264	-
Sep-20	24,404	-
Oct-20	25,123	-
Nov-20	27,311	-
Dec-20	26,434	-
Jan-21	26,087	-
Feb-21	27,230	-
Mar-21	28,447	-
Apr-21	27,237	-
May-21	27,925	-
Jun-21	28,494	-
Jul-21	28,494	-
Aug-21	29,628	-
Sep-21	28,439	-
Oct-21	28,037	-
Nov-21	30,717	-
Dec-21	32,550	-
Jan-22	31,465	-
Feb-22	36,440	-
Mar-22	34,668	-
Apr-22	34,237	-
May-22	36,294	-
Jun-22	36,137	-
Jul-22	37,800	-

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(a) Trend series suspended from March 2019.

Goods debits (imports) (a), seasonally adjusted
			May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Total goods debits			-36,294	-36,137	-37,800	1,663	4.6
	General merchandise debits		-35,711	-35,406	-37,113	1,707	4.8
		Consumption goods	-11,015	-10,578	-11,542	964	9.1
		Capital goods	-8,260	-7,838	-8,232	394	5.0
		Intermediate and other merchandise goods	-16,436	-16,991	-17,339	348	2.0
	Non-monetary gold(b)		-583	-731	-687	-44	-6.0

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

Consumption goods

Consumption goods(a), seasonally adjusted
	May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Consumption goods	-11,015	-10,578	-11,542	964	9.1
	Food and beverages, mainly for consumption	-1,630	-1,509	-1,615	106	7.0
	Household electrical items	-701	-688	-713	25	3.6
	Non-industrial transport equipment	-2,509	-2,212	-2,553	341	15.4
	Textiles, clothing and footwear	-1,916	-1,873	-2,185	312	16.7
	Toys, books and leisure goods	-693	-712	-842	130	18.3
	Consumption goods n.e.s.	-3,566	-3,583	-3,633	50	1.4

Capital goods

Capital goods(a), seasonally adjusted
	May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Capital goods	-8,260	-7,838	-8,232	394	5.0
	Machinery and industrial equipment	-2,850	-2,771	-2,802	31	1.1
	ADP equipment	-1,105	-1,185	-1,276	91	7.7
	Telecommunications equipment	-1,348	-1,260	-1,289	29	2.3
	Civil aircraft and confidentialised items(b)(c)	-465	-255	-607	352	138.0
	Industrial transport equipment n.e.s.	-1,372	-1,315	-1,379	64	4.9
	Capital goods n.e.s.(d)	-1,120	-1,053	-878	-175	-16.6

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a), seasonally adjusted
	May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Intermediate and other merchandise goods	-16,436	-16,991	-17,339	348	2.0
	Food and beverages, mainly for industry	-236	-222	-227	5	2.3
	Primary industrial supplies n.e.s.(b)	-322	-284	-172	-112	-39.4
	Fuels and lubricants(c)	-5,991	-6,288	-6,583	295	4.7
	Parts for transport equipment	-1,275	-1,300	-1,341	41	3.2
	Parts for ADP equipment	-79	-79	-78	-1	-1.3
	Other parts for capital goods	-1,767	-1,869	-1,911	42	2.2
	Organic and inorganic chemicals	-511	-611	-618	7	1.1
	Paper and paperboard	-227	-219	-225	6	2.7
	Textile yarn and fabrics	-154	-158	-167	9	5.7
	Iron and steel	-445	-452	-453	1	0.2
	Plastics	-544	-543	-565	22	4.1
	Processed industrial supplies n.e.s.	-4,759	-4,772	-4,840	68	1.4
	Other merchandise goods(d)	-49	-111	-45	-66	-59.5
	Goods procured in ports by carriers(e)	-78	-82	-115	33	40.2

Services debits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Jul-18	8,468	8,401
Aug-18	8,431	8,453
Sep-18	8,439	8,479
Oct-18	8,546	8,475
Nov-18	8,528	8,450
Dec-18	8,353	8,428
Jan-19	8,375	8,428
Feb-19	8,393	8,452
Mar-19	8,485	-
Apr-19	8,620	-
May-19	8,688	-
Jun-19	8,557	-
Jul-19	8,572	-
Aug-19	8,679	-
Sep-19	8,552	-
Oct-19	8,565	-
Nov-19	8,479	-
Dec-19	8,549	-
Jan-20	8,538	-
Feb-20	8,314	-
Mar-20	5,949	-
Apr-20	3,854	-
May-20	3,846	-
Jun-20	3,865	-
Jul-20	3,760	-
Aug-20	3,816	-
Sep-20	3,746	-
Oct-20	4,035	-
Nov-20	4,149	-
Dec-20	4,141	-
Jan-21	4,004	-
Feb-21	4,078	-
Mar-21	4,119	-
Apr-21	4,251	-
May-21	4,342	-
Jun-21	4,434	-
Jul-21	4,563	-
Aug-21	4,641	-
Sep-21	4,789	-
Oct-21	4,966	-
Nov-21	5,354	-
Dec-21	5,565	-
Jan-22	6,244	-
Feb-22	6,776	-
Mar-22	6,946	-
Apr-22	7,184	-
May-22	7,624	-
Jun-22	8,090	-
Jul-22	8,749	-

["","Seasonally Adjusted","Trend (a)"]

[["Jul-18","Aug-18","Sep-18","Oct-18","Nov-18","Dec-18","Jan-19","Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22"],[[8468],[8431],[8439],[8546],[8528],[8353],[8375],[8393],[8485],[8620],[8688],[8557],[8572],[8679],[8552],[8565],[8479],[8549],[8538],[8314],[5949],[3854],[3846],[3865],[3760],[3816],[3746],[4035],[4149],[4141],[4004],[4078],[4119],[4251],[4342],[4434],[4563],[4641],[4789],[4966],[5354],[5565],[6244],[6776],[6946],[7184],[7624],[8090],[8749]],[[8401],[8453],[8479],[8475],[8450],[8428],[8428],[8452],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null]]]

[]

[{"axis_id":"0","tick_interval":"12","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"value":"0","axis_id":"0","axis_title":"$m","axis_units":"","tooltip_units":"(m)","table_units":"($m)","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"-1","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

(a) Trend series suspended from March 2019.

Services debits(a), seasonally adjusted
			May-22 ($m)	Jun-22 ($m)	Jul-22 ($m)	Jun-22 to Jul-22 ($m)	Jun-22 to Jul-22 (%)
Total services debits			-7,624	-8,090	-8,749	659	8.1
	Manufacturing services on physical inputs owned by others(b)		-	-	-	-	-
	Maintenance and repair services n.i.e.(b)		-34	-82	-35	-47	-57.3
	Transport		-2,887	-2,895	-3,161	266	9.2
		Passenger(c)(d)	-557	-527	-653	126	23.9
		Freight	-2,264	-2,301	-2,448	147	6.4
		Other(b)	-45	-45	-47	2	4.4
		Postal and courier services(e)(f)	-21	-22	-12	-10	-45.5
	Travel(d)		-1,634	-2,022	-2,389	367	18.2
	Other services		-3,070	-3,092	-3,164	72	2.3
Memorandum item
	Tourism related services debits(g)		-2,191	-2,548	-3,043	495	19.4

- nil (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.

Previous catalogue number

This release previously used catalogue number 5368.0.

Supplementary information

Selected commodities

Selected commodities, quantities (a)
	Feb-22 (%)	Mar-22 (%)	Apr-22 (%)	May-22 (%)	Jun-22 (%)	Jul-22 (%)
Iron ore - Lump	-18.5	29.8	-0.6	2.4	11.8	-5.4
Iron ore - Fines	-14.9	13.7	-3.7	8.0	3.4	-7.2
Coal - Hard coking	-18.9	16.2	-10.3	15.2	2.4	-9.5
Coal - Semi-soft	-11.2	17.6	-10.2	3.9	14.9	-21.7
Coal - Thermal	-19.4	-1.0	1.0	22.2	3.6	-31.4
Gas - LNG	-	5.1	-5.8	8.0	5.3	-11.0

(a) Data in this table is on a revised international merchandise trade basis and excludes value adjustments applied to balance of payments series.

Selected commodities, unit values (a)
	Feb-22 (%)	Mar-22 (%)	Apr-22 (%)	May-22 (%)	Jun-22 (%)	Jul-22 (%)
Iron ore - Lump	12.0	-0.8	1.7	-4.0	0.4	-19.6
Iron ore - Fines	11.5	0.3	3.3	-2.6	2.5	-13.0
Coal - Hard coking	8.6	13.3	13.3	-5.3	-12.1	-29.7
Coal - Semi-soft	12.4	14.8	29.5	-5.9	-12.2	-2.9
Coal - Thermal	10.3	9.6	22.9	13.1	10.4	7.5
Gas - LNG	-3.4	1.5	6.3	-2.6	2.2	14.2

(a) Data in this table is on a revised international merchandise trade basis and excludes value adjustments applied to balance of payments series.

Selected commodity movements

On an international merchandise trade basis, in original terms (noting the footnote in the above table), between June 2022 and July 2022 the largest movements recorded for the following selected commodities were:

Iron ore (lump), movement by country, Jun-22 to Jul-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (lump) - Total movement	-843	-23.9	-5.4	-19.6
China (excludes SARs and Taiwan)	-807	-28.4	-8.4	-21.8
Taiwan	-89	-49.7	-42.5	-12.5
Vietnam	-32	-61.7	-41.5	-34.6
Japan	27	8.0	13.4	-4.8
Korea, Republic of (South)	49	52.3	72.2	-11.6

Iron ore (fines), movement by country, Jun-22 to Jul-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (fines) - Total movement	-1,733	-19.3	-7.2	-13.0
China (excludes SARs and Taiwan)	-1,594	-20.4	-7.2	-14.2
Vietnam	-82	-67.7	-63.4	-11.8
Japan	-51	-11.4	-11.0	-0.5
Korea, Republic of (South)	-25	-5.8	0.1	-6.0
United Kingdom, Channel Islands and Isle of Man, nfd	15	-	-	-

- nil (including null cells)

Hard coking (high rank) coal, Jun-22 to Jul-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
High rank coal - Total movement	-1,883	-36.4	-9.5	-29.7
India	-583	-37.1	-5.1	-33.7
Vietnam	-346	-67.3	-35.7	-49.1
Netherlands	-337	-70.8	-51.1	-40.4
Korea, Republic of (South)	-241	-35.6	-14.5	-24.6
Indonesia	-133	-61.8	-42.8	-33.2

Semi soft coal, movement by country, Jun-22 to Jul-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Semi soft coal - Total movement	-528	-24.0	-21.7	-2.9
Korea, Republic of (South)	-288	-55.8	-57.7	4.5
Japan	-72	-11.9	-13.5	1.8
Sweden	-64	-100.0	-100.0	-
Brazil	-60	-43.0	-15.0	-33.0
Taiwan	54	37.5	5.1	30.8

- nil (including null cells)

Thermal Coal, movement by country, Jun-22 to Jul-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Thermal coal - Total movement	-1,854	-26.3	-31.4	7.5
Japan	-714	-19.8	-15.6	-4.9
Korea, Republic of (South)	-601	-50.3	-52.7	4.9
Vietnam	-259	-56.4	-57.7	3.1
Taiwan	-154	-13.9	-28.8	20.9
Malaysia	140	113.0	111.0	0.9

Liquid Natural Gas, total movement, Jun-22 to Jul-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Liquid Natural Gas (LNG) - Total movement	117	1.7	-11.0	14.2

Selected commodities, quantity and unit value analysis - International merchandise trade basis: Original terms

International merchandise trade exports data presented in the above tables are based on information reported by exporters to the Department of Home Affairs (Home Affairs). For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs. When additional information for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Unit values in this publication are presented in Australian dollar terms. Movements in the unit values for some commodities incorporate movements in the United States dollar prices reported to Home Affairs and movements in the Australian dollar to United States dollar exchange rate.

Value adjustments

Goods credits on an international merchandise trade basis

On a merchandise trade basis, adjustments have been applied to iron ore lump and iron ore fines. When actual final transaction prices become available estimates are replaced with these data. For price and volume details, see the Selected commodities section.

Iron Ore Adjustment, Original Terms
	Jan-22($m)	Feb-22($m)	Mar-22($m)	Apr-22($m)	May-22($m)	Jun-22($m)	Jul-22($m)
Iron ore lump	30	25	25	-20	-45	-40	-100
Iron ore fines	20	15	-30	-170	-145	-20	-150

Goods credits on a balance of payments basis

Coal (in original terms)

On a balance of payments basis, an adjustment has been applied to the coal, coke and briquettes component in July (+$1,120m). This adjustment takes into account additional information on the unit value of hard coking, semi-soft and thermal coal exports. All previous adjustments have been removed. To maintain consistency with the June quarter 2022 issue of Balance of Payments and International Investment Position, Australia released on 06 September 2022, previous adjustments have remained for June (+$3,126m), May (+$130m), April (+$85m), March (+$90m) and February (+$45m).

In the international merchandise trade series, the unit value of coal, coke and briquettes fell 2.3% between May 2022 and June 2022 and fell 8.2% between June 2022 and July 2022.

In the balance of payments series, the unit value of coal, coke and briquettes rose 4.0% between between May 2022 and June 2022 and fell 4.5% between June 2022 and July 2022.

International merchandise trade exports data presented in this publication are based on information reported by exporters to the Department of Home Affairs (Home Affairs). At the time of initial reporting to Home Affairs, the final prices at which transactions take place are not known for some commodities. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs.

For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. When additional information on quantity and/or unit price for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Iron ore adjustments are applied on an international merchandise trade basis at the Australian Harmonized Export Commodity Classification (AHECC) level. Coal, coke and briquettes are adjusted on a balance of payments basis in current price, original terms. When actual final transaction prices become available estimates are replaced with these data.

In most instances, transfer of ownership occurs when goods cross the customs frontier. In certain circumstances the change of ownership of large value capital expenditure items can occur prior to the items crossing the customs frontier. The ABS may adjust the relevant balance of payments series to record the timing when transfer of ownership was affected.

Revisions

Confidential Commodities List

Data downloads

The ABS will no longer publish Tables 11a and 11b as part of this publication. Please see the Enhancing Trade in Services Statistics article for further information.

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Time series spreadsheets

Data files

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices
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Table 2. Goods and services, summary - original, current prices
Download xlsx [128.26 KB]
Table 3. Goods credits, original, current prices
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Table 4. Goods debits, original, current prices
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Table 5. Goods credits, seasonally adjusted, current prices
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Table 6. Goods debits, seasonally adjusted, current prices
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Table 7. Goods credits, trend estimates, current prices
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Table 8. Goods debits, trend estimates, current prices
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Table 9. Services, summary - original, current prices
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Table 10. Services, summary - seasonally adjusted and trend estimates, current prices
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Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value
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Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value
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Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value
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Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value
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Table 14a. Merchandise exports, country and country groups, FOB value
Download xlsx [543.19 KB]
Table 14b. Merchandise imports, country and country groups, customs value
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Table 15a. Merchandise exports, state and Australia, FOB value
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Table 15b. Merchandise imports, state and Australia, customs value
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Table 16. Period average exchange rates, units of foreign currency per Australian dollar
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Table 17. Summary of revisions, goods and services
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Table 31. Merchandise exports, broad economic category, FOB value
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Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value
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Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value
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Table 33. Merchandise imports, broad economic category, customs value
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Table 34. Merchandise imports, balance of payments broad economic category, customs value
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Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value
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Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value
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Table 36a. Merchandise exports, state of origin New South Wales, by country and country groups, FOB value
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Table 36b. Merchandise exports, state of origin Victoria, by country and country groups, FOB value
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Table 36c. Merchandise exports, state of origin Queensland, by country and country groups, FOB value
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Table 36d. Merchandise exports, state of origin South Australia, by country and country groups, FOB value
Download xlsx [462.23 KB]
Table 36e. Merchandise exports, state of origin Western Australia, by country and country groups, FOB value
Download xlsx [485.4 KB]
Table 36f. Merchandise exports, state of origin Tasmania, by country and country groups, FOB value
Download xlsx [425.15 KB]
Table 36g. Merchandise exports, state of origin Northern Territory, by country and country groups, FOB value
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Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country and country groups, FOB value
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Table 36i. Merchandise exports, state of origin not available, by country and country groups, FOB value
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Table 36j. Merchandise exports, re-exports, by country and country groups, FOB value
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Table 37a. Merchandise imports, state of destination New South Wales, by country and country groups, customs value
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Table 37b. Merchandise imports, state of destination Victoria, by country and country groups, customs value
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Table 37c. Merchandise imports, state of destination Queensland, by country and country groups, customs value
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Table 37d. Merchandise imports, state of destination South Australia, by country and country groups, customs value
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Table 37e. Merchandise imports, state of destination Western Australia, by country and country groups, customs value
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Table 37f. Merchandise imports, state of destination Tasmania, by country and country groups, customs value
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Table 37g. Merchandise imports, state of destination Northern Territory, by country and country groups, customs value
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Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country and country groups, customs value
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Table 37i. Merchandise imports, state of destination not available, by country and country groups, customs value
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Table 91. Monthly combined seasonal adjustment factors
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Table 92. Confidential commodities list
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Data Cubes

Data files

Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)
Download xlsx [1.02 MB]
Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)
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Methodology

International Trade in Goods and Services, Australia methodology, July 2022

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APA

International Trade in Goods and Services, Australia

APA

Key statistics

Main features

COVID-19

Suspension of trend estimates

Seasonal adjustment and COVID-19

Quality of international trade in services statistics

Balance on goods and services

Goods and services credits (exports), seasonally adjusted

Goods credits

Rural goods

Non-rural goods

Services credits

Goods and services debits (imports), seasonally adjusted

Goods debits

Consumption goods

Capital goods

Intermediate and other merchandise goods

Services debits

Previous catalogue number

Supplementary information

Selected commodities

Selected commodity movements

Selected commodities, quantity and unit value analysis - International merchandise trade basis: Original terms

Value adjustments

Goods credits on an international merchandise trade basis

Goods credits on a balance of payments basis

Revisions

Confidential Commodities List

Confidential Commodities List

Data downloads

Time series spreadsheets

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices

Table 2. Goods and services, summary - original, current prices

Table 3. Goods credits, original, current prices

Table 4. Goods debits, original, current prices

Table 5. Goods credits, seasonally adjusted, current prices

Table 6. Goods debits, seasonally adjusted, current prices

Table 7. Goods credits, trend estimates, current prices

Table 8. Goods debits, trend estimates, current prices

Table 9. Services, summary - original, current prices

Table 10. Services, summary - seasonally adjusted and trend estimates, current prices

Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value

Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value

Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value

Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value

Table 14a. Merchandise exports, country and country groups, FOB value

Table 14b. Merchandise imports, country and country groups, customs value

Table 15a. Merchandise exports, state and Australia, FOB value

Table 15b. Merchandise imports, state and Australia, customs value

Table 16. Period average exchange rates, units of foreign currency per Australian dollar

Table 17. Summary of revisions, goods and services

Table 31. Merchandise exports, broad economic category, FOB value

Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value

Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value

Table 33. Merchandise imports, broad economic category, customs value

Table 34. Merchandise imports, balance of payments broad economic category, customs value

Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value

Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value

Table 36a. Merchandise exports, state of origin New South Wales, by country and country groups, FOB value

Table 36b. Merchandise exports, state of origin Victoria, by country and country groups, FOB value

Table 36c. Merchandise exports, state of origin Queensland, by country and country groups, FOB value

Table 36d. Merchandise exports, state of origin South Australia, by country and country groups, FOB value

Table 36e. Merchandise exports, state of origin Western Australia, by country and country groups, FOB value

Table 36f. Merchandise exports, state of origin Tasmania, by country and country groups, FOB value

Table 36g. Merchandise exports, state of origin Northern Territory, by country and country groups, FOB value

Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country and country groups, FOB value

Table 36i. Merchandise exports, state of origin not available, by country and country groups, FOB value

Table 36j. Merchandise exports, re-exports, by country and country groups, FOB value

Table 37a. Merchandise imports, state of destination New South Wales, by country and country groups, customs value

Table 37b. Merchandise imports, state of destination Victoria, by country and country groups, customs value

Table 37c. Merchandise imports, state of destination Queensland, by country and country groups, customs value

Table 37d. Merchandise imports, state of destination South Australia, by country and country groups, customs value

Table 37e. Merchandise imports, state of destination Western Australia, by country and country groups, customs value

Table 37f. Merchandise imports, state of destination Tasmania, by country and country groups, customs value

Table 37g. Merchandise imports, state of destination Northern Territory, by country and country groups, customs value

Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country and country groups, customs value

Table 37i. Merchandise imports, state of destination not available, by country and country groups, customs value