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
January 2022
Released
3/03/2022

Key statistics

  • The seasonally adjusted balance on goods and services surplus increased $4,067m to $12,891m in January. 
  • Goods and services credits (exports) rose $3,487m (8%) to $49,251m, driven by a rise in exports of Metal ores and minerals. 
  • Goods and services debits (imports) fell $581m (2%) to $36,359m, driven by falls in Telecommunications equipment and Capital goods n.e.s..

Main features

Key Figures, Seasonally Adjusted
  Nov-21 ($m)Dec-21 ($m)Jan-22 ($m)Dec-21 to Jan-22
($m)
Dec-21 to Jan-22 (%)
Balance on goods and services9,9608,82412,8914,067na
 Credits (Exports of goods & services)45,25945,76449,2513,4878
 Debits (Imports of goods & services)- 35,299- 36,940- 36,359- 581- 2

na not applicable

COVID-19

Changes in this issue

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $12,891m in January 2022, an increase of $4,067m on the surplus in December 2021. 

Balance on goods and services(a), seasonally adjusted
   Nov-21 ($m)Dec-21 ($m)Jan-22 ($m)Dec-21 to Jan-22 ($m)Dec-21 to Jan-22 (%)
Balance on goods and services9,9608,82412,8914,067na
 Total goods and services credits45,25945,76449,2513,4878
  Total goods credits40,46640,90444,4003,4969
  Total services credits4,7934,8604,850- 10-
 Total goods and services debits- 35,299- 36,940- 36,359- 581- 2
  Total goods debits- 30,374- 31,969- 31,160- 809- 3
  Total services debits- 4,925- 4,972- 5,1992275

na not applicable
- nil or rounded to zero (including null cells)
(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
 Nov-21 ($m)Dec-21 ($m)Jan-22 ($m)Dec-21 to Jan-22 ($m)Dec-21 to Jan-22 (%)
Total goods credits40,46640,90444,4003,4969
 General merchandise38,46338,57542,4063,83110
  Rural goods5,5275,4065,8013957
  Non-rural goods32,93733,16936,6063,43710
 Net exports of goods under merchanting(a)323124- 7- 23
 Non-monetary gold(a)1,9712,2981,970- 328- 14

(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
 Nov-21 ($m)Dec-21 ($m)Jan-22 ($m)Dec-21 to Jan-22 ($m)Dec-21 to Jan-22 (%)
Total services credits4,7934,8604,850- 10-
 Manufacturing services on physical inputs owned by others(a)22-- 2- 100
 Maintenance and repair services n.i.e.(a)12-- 2- 100
 Transport31931732252
  Passenger(b)(c)111114327
  Freight(d)24242514
  Other162161158- 3- 2
  Postal and courier services(e)12212112543
 Travel(c)1,6501,7151,701- 14- 1
 Other services2,8202,8252,8283-
Memorandum item     
 Tourism related services credits(f)1,6611,7261,714- 12- 1

- 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) 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
 Nov-21 ($m)Dec-21 ($m)Jan-22 ($m)Dec-21 to Jan-22 ($m)Dec-21 to Jan-22 (%)
Total goods debits- 30,374- 31,969- 31,160- 809- 3
 General merchandise debits- 29,900- 31,398- 30,646- 752- 2
  Consumption goods- 9,044- 9,715- 9,792771
  Capital goods- 7,465- 7,636- 7,257- 379- 5
  Intermediate and other merchandise goods- 13,392- 14,047- 13,597- 450- 3
 Non-monetary gold(b)- 474- 571- 514- 57- 10

(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
 Nov-21 ($m)Dec-21 ($m)Jan-22 ($m)Dec-21 to Jan-22 ($m)Dec-21 to Jan-22 (%)
Total services debits- 4,925- 4,972- 5,1992275
 Manufacturing services on physical inputs owned by others(b)-----
 Maintenance and repair services n.i.e.(b)- 55- 25- 30520
 Transport- 1,983- 2,038- 2,1941568
  Passenger(c)(d)- 116- 109- 1403128
  Freight- 1,836- 1,897- 2,0211247
  Other(b)- 19- 19- 16- 3- 16
  Postal and courier services(e)(f)- 12- 12- 18650
 Travel(d)- 102- 117- 116- 1- 1
 Other services- 2,785- 2,792- 2,859672
Memorandum item     
 Tourism related services debits(g)- 218- 226- 2563013

- 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. 

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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