International Trade in Goods

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

Reference period
June 2024
Released
1/08/2024

Key statistics

  • The seasonally adjusted balance on goods increased $537m in June.
  • Goods credits (exports) rose $736m (1.7%) driven by Other mineral fuels.
  • Goods debits (imports) rose $198m (0.5%) driven by Capital goods n.e.s.

Trade overview

Key Figures, Seasonally Adjusted
 Apr 24 ($m)May 24 ($m)June 24 ($m)May 24 to June 24 ($m)May 24 to June 24 (%)
Balance on goods5,6855,0525,589537na
 Credits (Exports of goods)42,46843,02943,7657361.7
 Debits (Imports of goods)-36,782-37,978-38,1761980.5

na not applicable

 

  1. 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.

Review of seasonal adjustment

The annual seasonal review (ASR) for monthly Trade in Goods series has been undertaken to quality assure seasonal adjustment treatments for seasonally adjusted estimates. From the review it has been determined that Capital goods n.e.s. is no longer seasonal and from the May 2015 reference month will no longer be seasonally adjusted. The review also assessed seasonal factors and appropriateness of any prior corrections in more detail than is possible in the monthly cycle, resulting in larger revisions than usual. 

Goods credits

  1. 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 24 ($m)May 24 ($m)Jun 24 ($m)May 24 to Jun 24 ($m)May 24 to Jun 24 (%)
Total goods credits42,46843,02943,7657361.7
 General merchandise39,50240,08240,6525701.4
  Rural goods5,2585,2195,5102915.6
  Non-rural goods34,24434,86435,1422780.8
 Net exports of goods under merchanting(a)-10-10-10--
 Non-monetary gold(a)2,9762,9573,1231665.6

- nil or rounded to zero (including null cells) 
 

  1. This component is not seasonally adjusted.

Rural goods

Non-rural goods

Goods debits

  1. 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 debits(a), seasonally adjusted
 Apr 24 ($m)May 24 ($m)Jun 24 ($m)May 24 to Jun 24 ($m)May 24 to Jun 24 (%)
Total goods debits-36,782-37,978-38,1761980.5
 General merchandise debits-36,157-37,260-37,3771170.3
  Consumption goods-11,821-12,084-11,925-159-1.3
  Capital goods-9,003-8,953-9,2212683.0
  Intermediate and other merchandise goods-15,333-16,222-16,232100.1
 Non-monetary gold(b)-625-718-7998111.3
  1. For sign conventions, see the methodology page.
  2. This component is not seasonally adjusted.

Consumption goods

Capital goods

Intermediate and other merchandise goods

Supplementary information

Selected commodities

Value adjustments

Revisions

Confidential Commodities List

Data downloads

Time series spreadsheets

Data files
Data files

Create your own tables and visualisations with Data Explorer

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website. Please check the reference period when using Data Explorer.

Data explorer for the monthly trade in goods. Users might need to update links to the new version. 

For information on Data Explorer and how it works, see the Data Explorer user guide.

Previous catalogue number

This release previously used catalogue number 5368.0.

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