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 2022

Released

4/08/2022

View all releases

Key statistics

The seasonally adjusted balance on goods and services surplus increased $2,654m to $17,670m in June.
Goods and services credits (exports) rose $2,978m (5.1%) to $61,527m, driven by rises in Non-monetary gold and Metals ores and minerals.
Goods and services debits (imports) rose $324m (0.7%) to $43,857m, driven by a rise in Travel debits.

Main features

Key Figures, Seasonally Adjusted
		Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Balance on goods and services		12,297	15,016	17,670	2,654	na
	Credits (Exports of goods & services)	53,775	58,549	61,527	2,978	5.1
	Debits (Imports of goods & services)	-41,478	-43,533	-43,857	324	0.7

na not applicable

Balance on goods and services
	Seasonally Adjusted ($m)
Mar-21	6,994
Apr-21	9,596
May-21	10,230
Jun-21	10,671
Jul-21	13,163
Aug-21	12,056
Sep-21	10,495
Oct-21	10,295
Nov-21	9,271
Dec-21	7,925
Jan-22	12,430
Feb-22	7,338
Mar-22	9,437
Apr-22	12,297
May-22	15,016
Jun-22	17,670

Balance on goods and services

["","Seasonally Adjusted"]

[["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"],[[6994],[9596],[10230],[10671],[13163],[12056],[10495],[10295],[9271],[7925],[12430],[7338],[9437],[12297],[15016],[17670]]]

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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.

Changes in this issue

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $17,670m in June 2022, an increase of $2,654m on the surplus in May 2022.

Balance on goods and services(a), seasonally adjusted
			Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Balance on goods and services			12,297	15,016	17,670	2,654	na
	Total goods and services credits		53,775	58,549	61,527	2,978	5.1
		Total goods credits	48,332	52,824	55,612	2,788	5.3
		Total services credits	5,443	5,725	5,915	190	3.3
	Total goods and services debits		-41,478	-43,533	-43,857	324	0.7
		Total goods debits	-34,166	-35,894	-35,829	-65	-0.2
		Total services debits	-7,312	-7,639	-8,028	389	5.1

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)
Jun-18	28,915	28,728
Jul-18	29,413	29,264
Aug-18	29,762	29,706
Sep-18	29,959	30,003
Oct-18	30,485	30,235
Nov-18	30,604	30,462
Dec-18	30,217	30,747
Jan-19	31,525	31,109
Feb-19	31,670	31,609
Mar-19	30,608	-
Apr-19	31,658	-
May-19	33,960	-
Jun-19	33,921	-
Jul-19	35,001	-
Aug-19	33,062	-
Sep-19	33,614	-
Oct-19	31,448	-
Nov-19	31,871	-
Dec-19	32,144	-
Jan-20	30,821	-
Feb-20	28,813	-
Mar-20	34,599	-
Apr-20	31,877	-
May-20	29,279	-
Jun-20	29,126	-
Jul-20	28,796	-
Aug-20	27,620	-
Sep-20	28,498	-
Oct-20	30,289	-
Nov-20	31,366	-
Dec-20	33,433	-
Jan-21	34,731	-
Feb-21	35,051	-
Mar-21	34,594	-
Apr-21	36,108	-
May-21	37,362	-
Jun-21	38,229	-
Jul-21	41,333	-
Aug-21	41,624	-
Sep-21	38,858	-
Oct-21	38,708	-
Nov-21	40,699	-
Dec-21	41,352	-
Jan-22	45,127	-
Feb-22	45,562	-
Mar-22	46,023	-
Apr-22	48,332	-
May-22	52,824	-
Jun-22	55,612	-

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

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(a) Trend series suspended from March 2019.

Goods credits, seasonally adjusted
			Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Total goods credits			48,332	52,824	55,612	2,788	5.3
	General merchandise		47,018	50,591	51,964	1,373	2.7
		Rural goods	5,495	5,633	6,297	664	11.8
		Non-rural goods	41,523	44,959	45,667	708	1.6
	Net exports of goods under merchanting(a)		18	18	19	1	5.6
	Non-monetary gold(a)		1,296	2,215	3,629	1,414	63.8

(a) This component is not seasonally adjusted.

Rural goods

Rural goods, seasonally adjusted
	Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Rural goods	5,495	5,633	6,297	664	11.8
	Meat and meat preparations	1,376	1,432	1,604	172	12.0
	Cereal grains and cereal preparations	1,465	1,343	1,626	283	21.1
	Wool and sheepskins	283	311	344	33	10.6
	Other rural(a)	2,371	2,546	2,723	177	7.0

Non-rural goods

Non-rural goods, seasonally adjusted
		Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Non-rural goods	41,523	44,959	45,667	708	1.6
	Metal ores and minerals	14,170	14,690	15,497	807	5.5
	Coal, coke and briquettes	12,370	14,439	14,353	-86	-0.6
	Other mineral fuels	8,319	9,536	9,326	-210	-2.2
	Metals (excl. non-monetary gold)	1,485	1,125	1,429	304	27.0
	Machinery	986	986	1,016	30	3.0
	Transport equipment	355	334	294	-40	-12.0
	Other manufactures	2,083	2,157	2,143	-14	-0.6
	Other non-rural (incl. sugar and beverages)(a)	1,443	1,348	1,306	-42	-3.1
	Goods procured in ports by carriers(b)	311	344	303	-41	-11.9

Services credits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Jun-18	7,688	7,692
Jul-18	7,738	7,758
Aug-18	7,851	7,826
Sep-18	7,898	7,887
Oct-18	7,978	7,940
Nov-18	7,987	7,990
Dec-18	7,979	8,040
Jan-19	8,054	8,095
Feb-19	8,255	8,157
Mar-19	8,221	-
Apr-19	8,258	-
May-19	8,373	-
Jun-19	8,459	-
Jul-19	8,534	-
Aug-19	8,654	-
Sep-19	8,699	-
Oct-19	8,791	-
Nov-19	8,822	-
Dec-19	8,761	-
Jan-20	8,148	-
Feb-20	7,460	-
Mar-20	6,886	-
Apr-20	5,424	-
May-20	5,590	-
Jun-20	5,743	-
Jul-20	5,278	-
Aug-20	5,104	-
Sep-20	5,295	-
Oct-20	5,387	-
Nov-20	5,462	-
Dec-20	5,361	-
Jan-21	5,297	-
Feb-21	5,114	-
Mar-21	4,976	-
Apr-21	4,958	-
May-21	5,144	-
Jun-21	5,296	-
Jul-21	4,842	-
Aug-21	4,748	-
Sep-21	4,841	-
Oct-21	4,654	-
Nov-21	4,703	-
Dec-21	4,736	-
Jan-22	4,930	-
Feb-22	4,956	-
Mar-22	4,995	-
Apr-22	5,443	-
May-22	5,725	-
Jun-22	5,915	-

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

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(a) Trend series suspended from March 2019.

Services credits, seasonally adjusted
			Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Total services credits			5,443	5,725	5,915	190	3.3
	Manufacturing services on physical inputs owned by others(a)		-	-	-	-	-
	Maintenance and repair services n.i.e.(a)		2	4	-	-4	-100.0
	Transport		400	425	427	2	0.5
		Passenger(b)(c)	83	108	111	3	2.8
		Freight(d)	29	29	28	-1	-3.4
		Other	169	170	171	1	0.6
		Postal and courier services(e)	119	118	117	-1	-0.8
	Travel(c)		2,237	2,463	2,629	166	6.7
	Other services		2,804	2,834	2,860	26	0.9
Memorandum item
	Tourism related services credits(f)		2,320	2,571	2,741	170	6.6

- 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)
Jun-18	27,179	26,694
Jul-18	26,545	26,970
Aug-18	27,157	27,109
Sep-18	26,836	27,105
Oct-18	27,324	26,968
Nov-18	27,409	26,784
Dec-18	25,087	26,660
Jan-19	27,004	26,595
Feb-19	26,784	26,582
Mar-19	26,327	-
Apr-19	26,632	-
May-19	26,939	-
Jun-19	26,441	-
Jul-19	26,652	-
Aug-19	26,821	-
Sep-19	27,491	-
Oct-19	27,589	-
Nov-19	26,346	-
Dec-19	26,618	-
Jan-20	25,510	-
Feb-20	24,777	-
Mar-20	24,896	-
Apr-20	25,071	-
May-20	23,855	-
Jun-20	24,215	-
Jul-20	25,766	-
Aug-20	26,260	-
Sep-20	24,429	-
Oct-20	25,119	-
Nov-20	27,392	-
Dec-20	26,410	-
Jan-21	26,076	-
Feb-21	27,199	-
Mar-21	28,452	-
Apr-21	27,230	-
May-21	27,956	-
Jun-21	28,435	-
Jul-21	28,445	-
Aug-21	29,666	-
Sep-21	28,414	-
Oct-21	28,077	-
Nov-21	30,767	-
Dec-21	32,580	-
Jan-22	31,381	-
Feb-22	36,389	-
Mar-22	34,612	-
Apr-22	34,166	-
May-22	35,894	-
Jun-22	35,829	-

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(a) Trend series suspended from March 2019.

Goods debits (imports) (a), seasonally adjusted
			Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Total goods debits			-34,166	-35,894	-35,829	-65	-0.2
	General merchandise debits		-33,494	-35,311	-35,098	-213	-0.6
		Consumption goods	-10,415	-10,992	-10,558	-434	-3.9
		Capital goods	-7,658	-7,907	-7,742	-165	-2.1
		Intermediate and other merchandise goods	-15,420	-16,412	-16,799	387	2.4
	Non-monetary gold(b)		-672	-583	-731	148	25.4

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

Consumption goods

Consumption goods(a), seasonally adjusted
	Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Consumption goods	-10,415	-10,992	-10,558	-434	-3.9
	Food and beverages, mainly for consumption	-1,568	-1,632	-1,506	-126	-7.7
	Household electrical items	-665	-700	-686	-14	-2.0
	Non-industrial transport equipment	-2,100	-2,492	-2,205	-287	-11.5
	Textiles, clothing and footwear	-1,855	-1,913	-1,874	-39	-2.0
	Toys, books and leisure goods	-719	-695	-715	20	2.9
	Consumption goods n.e.s.	-3,509	-3,560	-3,572	12	0.3

Capital goods

Capital goods(a), seasonally adjusted
	Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Capital goods	-7,658	-7,907	-7,742	-165	-2.1
	Machinery and industrial equipment	-2,684	-2,852	-2,773	-79	-2.8
	ADP equipment	-1,273	-1,120	-1,153	33	2.9
	Telecommunications equipment	-1,315	-1,352	-1,263	-89	-6.6
	Civil aircraft and confidentialised items(b)(c)	-361	-465	-255	-210	-45.2
	Industrial transport equipment n.e.s.	-1,322	-1,364	-1,303	-61	-4.5
	Capital goods n.e.s.(d)	-703	-754	-994	240	31.8

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a), seasonally adjusted
	Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Intermediate and other merchandise goods	-15,420	-16,412	-16,799	387	2.4
	Food and beverages, mainly for industry	-225	-236	-222	-14	-5.9
	Primary industrial supplies n.e.s.(b)	-145	-333	-287	-46	-13.8
	Fuels and lubricants(c)	-5,167	-5,989	-6,139	150	2.5
	Parts for transport equipment	-1,212	-1,272	-1,293	21	1.7
	Parts for ADP equipment	-76	-79	-79	-	-
	Other parts for capital goods	-1,849	-1,772	-1,863	91	5.1
	Organic and inorganic chemicals	-541	-494	-617	123	24.9
	Paper and paperboard	-212	-227	-218	-9	-4.0
	Textile yarn and fabrics	-155	-153	-156	3	2.0
	Iron and steel	-456	-443	-453	10	2.3
	Plastics	-484	-542	-539	-3	-0.6
	Processed industrial supplies n.e.s.	-4,794	-4,782	-4,776	-6	-0.1
	Other merchandise goods(d)	-63	-49	-111	62	126.5
	Goods procured in ports by carriers(e)	-40	-40	-46	6	15.0

Services debits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Jun-18	8,327	8,331
Jul-18	8,469	8,401
Aug-18	8,432	8,454
Sep-18	8,443	8,479
Oct-18	8,544	8,475
Nov-18	8,528	8,451
Dec-18	8,355	8,429
Jan-19	8,374	8,429
Feb-19	8,394	8,452
Mar-19	8,493	-
Apr-19	8,614	-
May-19	8,681	-
Jun-19	8,553	-
Jul-19	8,575	-
Aug-19	8,683	-
Sep-19	8,556	-
Oct-19	8,563	-
Nov-19	8,481	-
Dec-19	8,551	-
Jan-20	8,539	-
Feb-20	8,316	-
Mar-20	5,956	-
Apr-20	3,844	-
May-20	3,839	-
Jun-20	3,851	-
Jul-20	3,767	-
Aug-20	3,822	-
Sep-20	3,756	-
Oct-20	4,031	-
Nov-20	4,149	-
Dec-20	4,141	-
Jan-21	4,015	-
Feb-21	4,082	-
Mar-21	4,123	-
Apr-21	4,241	-
May-21	4,319	-
Jun-21	4,419	-
Jul-21	4,567	-
Aug-21	4,650	-
Sep-21	4,789	-
Oct-21	4,991	-
Nov-21	5,364	-
Dec-21	5,583	-
Jan-22	6,247	-
Feb-22	6,792	-
Mar-22	6,969	-
Apr-22	7,312	-
May-22	7,639	-
Jun-22	8,028	-

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

[["Jun-18","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"],[[8327],[8469],[8432],[8443],[8544],[8528],[8355],[8374],[8394],[8493],[8614],[8681],[8553],[8575],[8683],[8556],[8563],[8481],[8551],[8539],[8316],[5956],[3844],[3839],[3851],[3767],[3822],[3756],[4031],[4149],[4141],[4015],[4082],[4123],[4241],[4319],[4419],[4567],[4650],[4789],[4991],[5364],[5583],[6247],[6792],[6969],[7312],[7639],[8028]],[[8331],[8401],[8454],[8479],[8475],[8451],[8429],[8429],[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]]]

[]

[{"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
			Apr-22 ($m)	May-22 ($m)	Jun-22 ($m)	May-22 to Jun-22 ($m)	May-22 to Jun-22 (%)
Total services debits			-7,312	-7,639	-8,028	389	5.1
	Manufacturing services on physical inputs owned by others(b)		-	-	-	-	-
	Maintenance and repair services n.i.e.(b)		-48	-34	-83	49	144.1
	Transport		-2,666	-2,832	-2,822	-10	-0.4
		Passenger(c)(d)	-496	-543	-514	-29	-5.3
		Freight	-2,129	-2,248	-2,267	19	0.8
		Other(b)	-32	-32	-32	-	-
		Postal and courier services(e)(f)	-10	-10	-10	-	-
	Travel(d)		-1,482	-1,634	-1,962	328	20.1
	Other services		-3,117	-3,139	-3,160	21	0.7
Memorandum item
	Tourism related services debits(g)		-1,977	-2,177	-2,476	299	13.7

- 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)
	Jan-22 (%)	Feb-22 (%)	Mar-22 (%)	Apr-22 (%)	May-22 (%)	Jun-22 (%)
Iron ore - Lump	-16.9	-18.2	29.8	-0.5	1.9	13.2
Iron ore - Fines	-8.5	-15.0	14.0	-3.4	8.1	2.9
Coal - Hard coking	5.9	-18.9	16.2	-10.3	15.2	2.2
Coal - Semi-soft	14.4	-11.2	17.6	-10.2	3.8	11.5
Coal - Thermal	1.7	-19.4	-1.0	0.8	22.4	2.9
Gas - LNG	-8.1	0.2	5.3	-6.1	8.1	5.8

(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)
	Jan-22 (%)	Feb-22 (%)	Mar-22 (%)	Apr-22 (%)	May-22 (%)	Jun-22 (%)
Iron ore - Lump	15.4	11.8	-0.5	3.0	-2.7	-1.1
Iron ore - Fines	16.5	11.8	0.7	4.8	-3.1	1.5
Coal - Hard coking	6.2	8.6	13.3	13.8	-5.1	-39.0
Coal - Semi-soft	1.8	12.4	14.5	29.1	-5.3	-22.0
Coal - Thermal	11.5	11.1	7.5	23.7	13.7	6.8
Gas - LNG	2.7	-3.8	-0.8	8.7	-0.9	-4.2

(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 May 2022 and June 2022 the largest movements recorded for the following selected commodities were:

Iron ore (lump), movement by country, May-22 to Jun-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (lump) - Total movement	377	11.9	13.2	-1.1
China (excludes SARs and Taiwan)	391	15.7	18.2	-2.1
Taiwan	44	31.0	32.1	-0.9
Vietnam	33	164.2	125.5	17.1
Indonesia	-37	-74.0	-71.1	-10.1
Korea, Republic of (South)	-40	-27.4	-27.9	0.7

Iron ore (fines), movement by country, May-22 to Jun-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (fines) - Total movement	382	4.4	2.9	1.5
China (excludes SARs and Taiwan)	506	6.9	5.6	1.2
Vietnam	-13	-9.8	4.6	-13.8
Malaysia	-22	-100.0	-100.0	-
Taiwan	-24	-20.1	-29.0	12.4
Japan	-70	-13.2	-19.4	7.7

- nil or rounded to nil

Hard coking (high rank) coal, May-22 to Jun-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
High rank coal - Total movement	-2,179	-37.7	2.2	-39.0
India	-963	-49.3	-9.9	-43.7
Japan	-413	-43.6	-3.6	-41.4
Korea, Republic of (South)	-282	-37.7	9.8	-43.2
Germany	-146	-100.0	-100.0	-
Sweden	-125	-82.9	-37.0	-72.8

- nil or rounded to nil

Semi soft coal, movement by country, May-22 to Jun-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Semi soft coal - Total movement	-282	-13.0	11.5	-22.0
Japan	-411	-42.9	-18.4	-30.0
Korea, Republic of (South)	-126	-23.7	-3.8	-20.7
Malaysia	-66	-100.0	-100.0	-
Germany	58	-	-	-
Vietnam	84	154.2	140.5	5.7

- nil or rounded to nil

Thermal Coal, movement by country, May-22 to Jun-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Thermal coal - Total movement	599	9.9	2.9	6.8
Korea, Republic of (South)	333	38.7	23.2	12.6
Taiwan	297	38.8	25.3	10.8
Japan	240	8.0	9.0	-0.9
Chile	116	-	-	-
India	-155	-66.3	-81.7	83.8

- nil or rounded to nil

Liquid Natural Gas, total movement, May-22 to Jun-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Liquid Natural Gas (LNG) - Total movement	87	1.3	5.8	-4.2

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
	Dec-21($m)	Jan-22($m)	Feb-21($m)	Mar-22($m)	Apr-21($m)	May-22($m)	Jun-22($m)
Iron ore lump	5	0	10	40	-20	-110	100
Iron ore fines	10	0	5	-65	-150	60	300

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 June (+$2,800m), May (+130m), April (+$85m), March (+$90m) and February (+$45m). 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 rose 0.9% between April 2022 and May 2022 and fell 16.4% between May 2022 and June 2022.

In the balance of payments series, the unit value of coal, coke and briquettes rose 1.1% between between April 2022 and May 2022 and rose 1.8% between May 2022 and June 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 [128.16 KB]
Table 3. Goods credits, original, current prices
Download xlsx [128.02 KB]
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
Download xlsx [296.27 KB]
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 [542.09 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
Download xlsx [79.52 KB]
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
Download xlsx [82.43 KB]
Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value
Download xlsx [78.67 KB]
Table 36a. Merchandise exports, state of origin New South Wales, by country and country groups, FOB value
Download xlsx [489.52 KB]
Table 36b. Merchandise exports, state of origin Victoria, by country and country groups, FOB value
Download xlsx [493.29 KB]
Table 36c. Merchandise exports, state of origin Queensland, by country and country groups, FOB value
Download xlsx [481.01 KB]
Table 36d. Merchandise exports, state of origin South Australia, by country and country groups, FOB value
Download xlsx [461.31 KB]
Table 36e. Merchandise exports, state of origin Western Australia, by country and country groups, FOB value
Download xlsx [484.4 KB]
Table 36f. Merchandise exports, state of origin Tasmania, by country and country groups, FOB value
Download xlsx [424.36 KB]
Table 36g. Merchandise exports, state of origin Northern Territory, by country and country groups, FOB value
Download xlsx [406.16 KB]
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
Download xlsx [361.13 KB]
Table 36j. Merchandise exports, re-exports, by country and country groups, FOB value
Download xlsx [453.01 KB]
Table 37a. Merchandise imports, state of destination New South Wales, by country and country groups, customs value
Download xlsx [503.25 KB]
Table 37b. Merchandise imports, state of destination Victoria, by country and country groups, customs value
Download xlsx [497.32 KB]
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
Download xlsx [468.01 KB]
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, ($million)
Download xlsx [1.03 MB]
Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)
Download xlsx [1.2 MB]

Methodology

International Trade in Goods and Services, Australia methodology, June 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

Changes in this issue

Revisions to Travel Services debits

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