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

June 2023

Released

3/08/2023

View all releases

Key statistics

The seasonally adjusted balance on goods and services surplus increased $824m in June.
Goods and services credits (exports) fell $987m (-1.7%) driven by Other mineral fuels.
Goods and services debits (imports) fell $1,811m (-3.9%) driven by Non-industrial transport equipment.

Monthly Travel Services debits (imports) estimates now labelled as preliminary

The ABS is now labelling the monthly estimates of Travel Service debits as preliminary.

Recent changes in traveller spending patterns has increased the uncertainty of monthly Travel Service debit estimates. With this comes a higher risk of revisions. Please use caution when interpreting the preliminary estimates particularly estimates for the latest month.

The ABS calculates monthly estimates by using:

Overseas Arrivals and Departures (OAD) estimates for the latest month along with an average spend per traveller from the previous month.
Newly available Reserve Bank of Australia (RBA) Overseas Card Payments data to replace the OAD-based estimates in the following month. The RBA data captures changes in both number of travellers and spending patterns of Australians overseas.

Quarterly travel services debits published in the Balance of Payments and International Investment Position, Australia and the Australian National Accounts: National Income, Expenditure and Product are unaffected as all the data sources are available in time for publishing these estimates.

For more information about the compilation of monthly and quarterly Travel Services please see Enhancing Trade in Services quarterly statistics | Australian Bureau of Statistics (abs.gov.au)

Trade overview

Key Figures, Seasonally Adjusted
		Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Balance on goods and services		10,292	10,497	11,321	824	na
	Credits (Exports of goods & services)	54,849	56,613	55,626	-987	-1.7
	Debits (Imports of goods & services)	-44,557	-46,116	-44,305	-1,811	-3.9

na not applicable

Balance on goods and services
	Seasonally Adjusted ($m)
Mar-22	9,108
Apr-22	12,713
May-22	13,918
Jun-22	18,199
Jul-22	8,819
Aug-22	8,917
Sep-22	12,442
Oct-22	12,111
Nov-22	13,365
Dec-22	12,199
Jan-23	10,758
Feb-23	14,027
Mar-23	14,625
Apr-23	10,292
May-23	10,497
Jun-23	11,321

Balance on goods and services

["","Seasonally Adjusted"]

[["Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23","Mar-23","Apr-23","May-23","Jun-23"],[[9108],[12713],[13918],[18199],[8819],[8917],[12442],[12111],[13365],[12199],[10758],[14027],[14625],[10292],[10497],[11321]]]

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Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $11,321m in June 2023, an increase of $824m on the May 2023 surplus.

Balance on goods and services(a), seasonally adjusted
			Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Balance on goods and services			10,292	10,497	11,321	824	na
	Total goods and services credits		54,849	56,613	55,626	-987	-1.7
		Total goods credits	46,129	47,748	46,579	-1,169	-2.4
		Total services credits	8,720	8,865	9,047	182	2.1
	Total goods and services debits		-44,557	-46,116	-44,305	-1,811	-3.9
		Total goods debits	-35,819	-37,032	-35,006	-2,026	-5.5
		Total services debits	-8,738	-9,084	-9,300	216	2.4

na not applicable

a. For sign conventions, see the methodology page.

Goods and services credits

Goods credits (exports), seasonally adjusted
	Seasonally Adjusted ($m)	Trend (a) ($m)
Jun-19	34,143	33,995
Jul-19	35,536	34,027
Aug-19	33,153	33,753
Sep-19	33,477	33,098
Oct-19	31,205	32,257
Nov-19	31,713	31,567
Dec-19	32,135	31,224
Jan-20	30,582	31,173
Feb-20	28,881	31,324
Mar-20	34,433	-
Apr-20	32,006	-
May-20	29,350	-
Jun-20	29,438	-
Jul-20	29,132	-
Aug-20	28,037	-
Sep-20	28,535	-
Oct-20	29,835	-
Nov-20	30,865	-
Dec-20	33,393	-
Jan-21	34,434	-
Feb-21	34,864	-
Mar-21	34,578	-
Apr-21	35,898	-
May-21	37,642	-
Jun-21	38,994	-
Jul-21	42,127	-
Aug-21	42,172	-
Sep-21	38,442	-
Oct-21	38,024	-
Nov-21	40,077	-
Dec-21	41,024	-
Jan-22	45,068	-
Feb-22	45,364	-
Mar-22	45,582	-
Apr-22	48,607	49,026
May-22	52,549	50,434
Jun-22	56,270	51,361
Jul-22	48,619	51,720
Aug-22	50,087	51,648
Sep-22	53,061	51,293
Oct-22	51,360	50,945
Nov-22	50,526	50,687
Dec-22	49,773	50,378
Jan-23	50,394	49,825
Feb-23	48,641	49,112
Mar-23	50,498	48,454
Apr-23	46,129	47,803
May-23	47,748	47,194
Jun-23	46,579	46,696

Goods credits (exports), seasonally adjusted

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

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a. Large month-to-month changes occurred during the COVID-19 pandemic, resulting in multiple trend breaks. The ABS recommends caution when using trend estimates published in spreadsheets for this period.

Goods credits, seasonally adjusted
			Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Total goods credits			46,129	47,748	46,579	-1,169	-2.4
	General merchandise		44,482	44,846	43,589	-1,257	-2.8
		Rural goods	5,924	6,048	5,975	-73	-1.2
		Non-rural goods	38,557	38,797	37,615	-1,182	-3.0
	Net exports of goods under merchanting(a)		18	18	19	1	5.6
	Non-monetary gold(a)		1,629	2,884	2,971	87	3.0

a. This component is not seasonally adjusted.

Rural goods

Rural goods, seasonally adjusted
	Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Rural goods	5,924	6,048	5,975	-73	-1.2
	Meat and meat preparations	1,514	1,435	1,526	91	6.3
	Cereal grains and cereal preparations	1,929	1,895	1,804	-91	-4.8
	Wool and sheepskins	272	266	267	1	0.4
	Other rural(a)	2,210	2,453	2,378	-75	-3.1

Non-rural goods

Non-rural goods, seasonally adjusted
	Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Non-rural goods	38,557	38,797	37,615	-1,182	-3.0
	Metal ores and minerals	14,740	14,491	14,824	333	2.3
	Coal, coke and briquettes	9,356	9,241	8,644	-597	-6.5
	Other mineral fuels	8,235	8,285	7,544	-741	-8.9
	Metals (excl. non-monetary gold)	1,154	1,346	1,329	-17	-1.3
	Machinery	1,124	1,098	1,166	68	6.2
	Transport equipment	385	414	367	-47	-11.4
	Other manufactures	2,202	2,637	2,166	-471	-17.9
	Other non-rural (incl. sugar and beverages)(a)	1,120	1,046	1,332	286	27.3
	Goods procured in ports by carriers(b)	241	239	241	2	0.8

Services credits (exports), seasonally adjusted
	Seasonally Adjusted
Jun-19	8,419
Jul-19	8,514
Aug-19	8,658
Sep-19	8,714
Oct-19	8,784
Nov-19	8,825
Dec-19	8,770
Jan-20	8,116
Feb-20	7,430
Mar-20	6,871
Apr-20	5,451
May-20	5,620
Jun-20	5,779
Jul-20	5,261
Aug-20	5,097
Sep-20	5,295
Oct-20	5,388
Nov-20	5,470
Dec-20	5,374
Jan-21	5,266
Feb-21	5,082
Mar-21	4,944
Apr-21	5,017
May-21	5,187
Jun-21	5,333
Jul-21	4,860
Aug-21	4,772
Sep-21	4,874
Oct-21	4,704
Nov-21	4,764
Dec-21	4,803
Jan-22	5,025
Feb-22	5,041
Mar-22	5,074
Apr-22	5,598
May-22	5,874
Jun-22	6,085
Jul-22	6,454
Aug-22	6,498
Sep-22	6,896
Oct-22	7,004
Nov-22	7,490
Dec-22	7,710
Jan-23	7,891
Feb-23	7,957
Mar-23	8,154
Apr-23	8,720
May-23	8,865
Jun-23	9,047

Services credits (exports), seasonally adjusted

["","Seasonally Adjusted"]

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Services credits, seasonally adjusted
			Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Total services credits			8,720	8,865	9,047	182	2.1
	Manufacturing services on physical inputs owned by others(a)		-	-	-	-	-
	Maintenance and repair services n.i.e.(a)		3	3	-	-3	-100.0
	Transport		591	587	594	7	1.2
		Passenger(b)	197	194	197	3	1.5
		Freight(c)	37	38	39	1	2.6
		Other	211	211	213	2	0.9
		Postal and courier services(d)	145	144	145	1	0.7
	Travel		5,345	5,488	5,652	164	3.0
	Other services		2,781	2,787	2,802	15	0.5
Memorandum item
	Tourism related services credits(e)		5,543	5,682	5,849	167	2.9

- nil or rounded to zero (including null cells)
a. This component is not seasonally adjusted.
b. Passenger transportation services includes agency fees and commissions for air transport.
c. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
d. Postal and courier services includes indirect commissions for sea transport.
e. For a more detailed explanation of tourism related services, see the methodology page.

Goods and services debits

Goods debits (imports), seasonally adjusted
	Seasonally Adjusted ($m)	Trend (a) ($m)
Jun-19	26,539	26,588
Jul-19	26,633	26,652
Aug-19	26,798	26,768
Sep-19	27,504	26,801
Oct-19	27,549	26,733
Nov-19	26,447	26,597
Dec-19	26,798	26,431
Jan-20	25,650	26,280
Feb-20	25,174	26,204
Mar-20	25,045	-
Apr-20	25,157	-
May-20	24,070	-
Jun-20	24,242	-
Jul-20	25,838	-
Aug-20	26,055	-
Sep-20	24,419	-
Oct-20	25,138	-
Nov-20	27,399	-
Dec-20	26,603	-
Jan-21	26,280	-
Feb-21	27,583	-
Mar-21	28,339	-
Apr-21	27,459	-
May-21	28,100	-
Jun-21	28,521	-
Jul-21	28,631	-
Aug-21	29,170	-
Sep-21	28,280	-
Oct-21	28,146	-
Nov-21	30,756	-
Dec-21	32,954	-
Jan-22	31,477	-
Feb-22	36,903	-
Mar-22	34,804	-
Apr-22	34,471	35,168
May-22	36,966	35,823
Jun-22	35,930	36,509
Jul-22	37,111	37,188
Aug-22	38,566	37,507
Sep-22	38,377	37,543
Oct-22	37,456	37,298
Nov-22	36,303	36,876
Dec-22	36,526	36,431
Jan-23	38,537	36,060
Feb-23	34,371	35,836
Mar-23	35,627	35,708
Apr-23	35,819	35,597
May-23	37,032	35,493
Jun-23	35,006	35,407

Goods debits (imports), seasonally adjusted

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

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Goods debits(a), seasonally adjusted
			Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Total goods debits			-35,819	-37,032	-35,006	-2,026	-5.5
	General merchandise debits		-35,371	-36,181	-34,039	-2,142	-5.9
		Consumption goods	-11,433	-12,394	-10,857	-1,537	-12.4
		Capital goods	-8,975	-8,739	-8,641	-98	-1.1
		Intermediate and other merchandise goods	-14,964	-15,047	-14,541	-506	-3.4
	Non-monetary gold(b)		-448	-851	-967	116	13.6

a. For sign conventions, see the methodology page.
b. This component is not seasonally adjusted.

Consumption goods

Consumption goods(a), seasonally adjusted
	Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Consumption goods	-11,433	-12,394	-10,857	-1,537	-12.4
	Food and beverages, mainly for consumption	-1,769	-1,699	-1,667	-32	-1.9
	Household electrical items	-583	-565	-562	-3	-0.5
	Non-industrial transport equipment	-3,098	-3,987	-2,687	-1,300	-32.6
	Textiles, clothing and footwear	-1,816	-1,789	-1,823	34	1.9
	Toys, books and leisure goods	-687	-662	-655	-7	-1.1
	Consumption goods n.e.s.	-3,479	-3,692	-3,462	-230	-6.2

Capital goods

Capital goods(a), seasonally adjusted
	Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Capital goods	-8,975	-8,739	-8,641	-98	-1.1
	Machinery and industrial equipment	-3,194	-3,119	-2,897	-222	-7.1
	ADP equipment	-1,041	-1,031	-1,056	25	2.4
	Telecommunications equipment	-1,280	-1,286	-1,226	-60	-4.7
	Civil aircraft and confidentialised items(b)(c)	-648	-252	-452	200	79.4
	Industrial transport equipment n.e.s.	-1,621	-1,605	-1,670	65	4.0
	Capital goods n.e.s.(d)	-1,192	-1,447	-1,340	-107	-7.4

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a), seasonally adjusted
	Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Intermediate and other merchandise goods	-14,964	-15,047	-14,541	-506	-3.4
	Food and beverages, mainly for industry	-234	-208	-220	12	5.8
	Primary industrial supplies n.e.s.(b)	-190	-267	-217	-50	-18.7
	Fuels and lubricants(c)	-4,842	-4,600	-4,535	-65	-1.4
	Parts for transport equipment	-1,437	-1,513	-1,401	-112	-7.4
	Parts for ADP equipment	-71	-49	-68	19	38.8
	Other parts for capital goods	-2,075	-2,040	-2,031	-9	-0.4
	Organic and inorganic chemicals	-494	-446	-386	-60	-13.5
	Paper and paperboard	-235	-228	-224	-4	-1.8
	Textile yarn and fabrics	-144	-135	-131	-4	-3.0
	Iron and steel	-372	-421	-391	-30	-7.1
	Plastics	-456	-454	-454	-	-
	Processed industrial supplies n.e.s.	-4,165	-4,357	-4,212	-145	-3.3
	Other merchandise goods(d)	-63	-143	-74	-69	-48.3
	Goods procured in ports by carriers(e)	-187	-186	-197	11	5.9

Services debits (imports), seasonally adjusted
	Seasonally Adjusted ($m)
Jun-19	8,537
Jul-19	8,588
Aug-19	8,667
Sep-19	8,624
Oct-19	8,635
Nov-19	8,646
Dec-19	8,977
Jan-20	8,905
Feb-20	8,821
Mar-20	6,276
Apr-20	3,879
May-20	3,862
Jun-20	3,872
Jul-20	3,756
Aug-20	3,789
Sep-20	3,720
Oct-20	4,001
Nov-20	4,131
Dec-20	4,171
Jan-21	4,010
Feb-21	4,115
Mar-21	4,137
Apr-21	4,263
May-21	4,329
Jun-21	4,438
Jul-21	4,540
Aug-21	4,583
Sep-21	4,730
Oct-21	4,935
Nov-21	5,336
Dec-21	5,638
Jan-22	6,258
Feb-22	6,669
Mar-22	6,743
Apr-22	7,020
May-22	7,539
Jun-22	8,227
Jul-22	9,142
Aug-22	9,102
Sep-22	9,138
Oct-22	8,798
Nov-22	8,348
Dec-22	8,758
Jan-23	8,989
Feb-23	8,200
Mar-23	8,401
Apr-23	8,738
May-23	9,084
Jun-23	9,300

Services debits (imports), seasonally adjusted

["","Seasonally Adjusted"]

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Services debits(a), seasonally adjusted
			Apr-23 ($m)	May-23 ($m)	Jun-23 ($m)	May-23 to Jun-23 ($m)	May-23 to Jun-23 (%)
Total services debits			-8,738	-9,084	-9,300	216	2.4
	Manufacturing services on physical inputs owned by others(b)		-	-	-	-	-
	Maintenance and repair services n.i.e.(b)		-26	-121	-37	-84	-69.4
	Transport		-2,356	-2,384	-2,264	-120	-5.0
		Passenger(c)	-698	-726	-715	-11	-1.5
		Freight	-1,552	-1,551	-1,443	-108	-7.0
		Other(b)	-90	-90	-90	-	-
		Postal and courier services(d)(e)	-16	-16	-17	1	6.3
	Travel(f)		-2,862	-3,058	-3,455	397	13.0
	Other services		-3,493	-3,522	-3,544	22	0.6
Memorandum item
	Tourism related services debits(g)		-3,560	-3,784	-4,169	385	10.2

- nil or rounded to zero (including null cells)
a. For sign conventions, see the methodology page.
b. This component is not seasonally adjusted.
c. Passenger services includes agency fees and commissions for air transport.
d. Postal and courier services includes indirect commissions for sea transport.
e. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
f. Monthly estimates of Travel Service debits are now labelled preliminary.
g. For a more detailed explanation of tourism related services, see the methodology page.

Supplementary information

Selected commodities

Selected commodities, quantities (a)
	Jan-23 (%)	Feb-23 (%)	Mar-23 (%)	Apr-23 (%)	May-23 (%)	Jun-23 (%)
Iron ore - Lump	-8.3	-17.5	18.5	-5.3	8.6	8.3
Iron ore - Fines	-7.9	-13.3	19.0	-11.0	10.0	7.2
Coal - Hard coking	-15.5	-13.6	26.6	0.4	12.8	6.6
Coal - Semi-soft	-14.9	-22.0	19.8	4.0	11.2	-2.7
Coal - Thermal	-11.9	-9.4	24.0	-9.3	4.9	16.3
Gas - LNG	-0.6	-6.0	7.3	-6.4	1.5	3.8

a. Data in this table is on a revised international merchandise trade basis.

Selected commodities, unit values (a)
	Jan-23 (%)	Feb-23 (%)	Mar-23 (%)	Apr-23 (%)	May-23 (%)	Jun-23 (%)
Iron ore - Lump	6.4	3.4	2.7	-1.3	-8.3	0.4
Iron ore - Fines	7.9	3.2	4.4	-3.2	-7.6	2.6
Coal - Hard coking	-3.4	18.6	9.1	-7.4	-16.8	-24.4
Coal - Semi-soft	-3.3	5.6	5.1	-0.7	-8.1	-15.4
Coal - Thermal	-9.5	-7.6	-19.4	-10.5	-5.3	-11.3
Gas - LNG	-0.6	-11.7	-7.0	-9.8	-2.1	-6.9

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 April 2023 and May 2023 the largest movements recorded for the following selected commodities were:

Iron ore (lump), movement by country, May-23 to Jun-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (lump) - Total movement	247	8.8	8.3	0.4
China (excludes SARs and Taiwan)	218	9.5	10.1	-0.5
Japan	58	21.7	16.1	4.8
Vietnam	13	103.1	151.5	-19.2
Indonesia	12	92.1	84.4	4.2
Korea, Republic of (South)	-45	-32.6	-34.8	3.5

Iron ore (fines), movement by country, May-23 to Jun-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (fines) - Total movement	792	10.0	7.2	2.6
China (excludes SARs and Taiwan)	1,117	16.7	14.0	2.4
India	25	-	-	-
Malaysia	23	-	-	-
Indonesia	-90	-93.8	-94.2	6.0
Korea, Republic of (South)	-272	-49.5	-52.0	5.1

- nil or rounded to zero (including null cells)

Hard coking (high rank) coal, movement by country, May-23 to Jun-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
High rank coal - Total movement	-697	-19.4	6.6	-24.4
Japan	-289	-39.4	-10.9	-32.0
India	-253	-20.7	4.5	-24.1
China (excludes SARs and Taiwan)	-141	-81.8	-82.3	3.2
Turkiye	-116	-76.2	-61.4	-38.4
Brazil	-95	-81.3	-80.5	-4.2

Semi soft coal, movement by country, May-23 to Jun-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Semi soft coal - Total movement	-290	-17.7	-2.7	-15.4
Germany	-91	-100.0	-100.0	-
Japan	-89	-13.5	10.5	-21.8
Vietnam	-56	-100.0	-100.0	-
India	-49	-16.5	11.4	-25.0
Korea, Republic of (South)	90	61.4	69.8	-5.0

- nil or rounded to zero (including null cells)

Thermal coal, movement by country, May-23 to Jun-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Thermal coal - Total movement	121	3.2	16.3	-11.3
Japan	198	13.4	32.9	-14.6
China (excludes SARs and Taiwan)	147	17.1	28.5	-8.9
Korea, Republic of (South)	87	68.4	57.9	6.7
Thailand	-60	-78.0	-76.9	-4.5
Taiwan	-146	-22.2	-5.4	-17.8

Liquid Natural Gas, total movement, May-23 to Jun-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Liquid Natural Gas (LNG) - Total movement	-201	-3.4	3.8	-6.9

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
	Dec-22($m)	Jan-23($m)	Feb-23($m)	Mar-23($m)	Apr-23($m)	May-23($m)	Jun-23($m)
Iron ore lump	0	15	5	0	-10	-10	60
Iron ore fines	0	-15	-5	-50	-60	15	200

Goods credits on a balance of payments basis

Coal (in original terms)

On a balance of payments basis, adjustments have been applied to the coal, coke and briquettes component in February (+$45m), March (-$15m), May (+$30m) and June 2023 (+$770m). 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.

In the international merchandise trade series, the unit value of coal, coke and briquettes fell 9.9% between April 2023 and May 2023 and fell 18.1% between May 2023 and June 2023.

In the balance of payments series, the unit value of coal, coke and briquettes fell 9.6% between April 2023 and May 2023 and fell 10.7% between May 2023 and June 2023.

Iron ore (in original terms)

On a balance of payments basis, adjustments have been applied to the metal ores and minerals (iron ore fines) component in June 2023 (-$465m). This adjustment takes into account additional information on the unit value of iron ore lumps and fines exports.

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

COVID-19 in this publication

Data downloads

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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
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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, by country, FOB value
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Table 14b. Merchandise imports, by country, 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, FOB value
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Table 36b. Merchandise exports, state of origin Victoria, by country, FOB value
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Table 36c. Merchandise exports, state of origin Queensland, by country, FOB value
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Table 36d. Merchandise exports, state of origin South Australia, by country, FOB value
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Table 36e. Merchandise exports, state of origin Western Australia, by country, FOB value
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Table 36f. Merchandise exports, state of origin Tasmania, by country, FOB value
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Table 36g. Merchandise exports, state of origin Northern Territory, by country, FOB value
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Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country, FOB value
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Table 36i. Merchandise exports, state of origin not available, by country, FOB value
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Table 36j. Merchandise exports, re-exports, by country, FOB value
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Table 37a. Merchandise imports, state of destination New South Wales, by country, customs value
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Table 37b. Merchandise imports, state of destination Victoria, by country, customs value
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Table 37c. Merchandise imports, state of destination Queensland, by country, customs value
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Table 37d. Merchandise imports, state of destination South Australia, by country, customs value
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Table 37e. Merchandise imports, state of destination Western Australia, by country, customs value
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Table 37f. Merchandise imports, state of destination Tasmania, by country, customs value
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Table 37g. Merchandise imports, state of destination Northern Territory, by country, customs value
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Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country, customs value
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Table 37i. Merchandise imports, state of destination not available, by country, 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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Download all (418.31 KB)

Data Cubes

Data files

Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)
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Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)
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Previous catalogue number

This release previously used catalogue number 5368.0.

Methodology

International Trade in Goods and Services, Australia methodology, June 2023

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APA

International Trade in Goods and Services, Australia

APA

Key statistics

Monthly Travel Services debits (imports) estimates now labelled as preliminary

Trade overview

Balance on goods and services

Goods and services credits

Rural goods

Non-rural goods

Goods and services debits

Consumption goods

Capital goods

Intermediate and other merchandise goods

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

COVID-19 in this publication

Suspension of trend estimates

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, by country, FOB value

Table 14b. Merchandise imports, by country, 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, FOB value

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 91. Monthly combined seasonal adjustment factors

Table 92. Confidential commodities list

Data Cubes

Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)

Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)

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