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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
October 2021
Released
2/12/2021

Key statistics

  • The seasonally adjusted balance on goods and services surplus decreased $604m to $11,220m in October.
  • Goods and services credits (exports) fell $1,491m (3%) to $43,053m driven by falls in iron ore prices. 
  • Goods and services debits (imports) fell $887m (3%) to $31,833m driven by a fall in imports of capital goods.

Main features

Key Figures, Seasonally Adjusted
  Aug-21 ($m)Sep-21 ($m)Oct-21 ($m)Sep-21 to Oct-21 ($m)Sep-21 to Oct-21 (%)
Balance on goods and services14,01811,82411,220- 604na
 Credits (Exports of goods & services)47,73344,54443,053- 1,491- 3
 Debits (Imports of goods & services)- 33,715- 32,720- 31,833- 887- 3

na not applicable

COVID-19

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $11,220m in October 2021, a fall of $604m on the surplus in September 2021. 

Balance on goods and services(a), seasonally adjusted
   Aug-21 ($m)Sep-21 ($m)Oct-21 ($m)Sep-21 to Oct-21 ($m)Sep-21 to Oct-21 (%)
Balance on goods and services14,01811,82411,220- 604na
 Total goods and services credits47,73344,54443,053- 1,491- 3
  Total goods credits42,96639,62338,416- 1,207- 3
  Total services credits4,7674,9214,637- 284- 6
 Total goods and services debits- 33,715- 32,720- 31,833- 887- 3
  Total goods debits- 29,352- 28,180- 27,366- 814- 3
  Total services debits- 4,363- 4,540- 4,467- 73- 2

na not applicable
(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
 Aug-21 ($m)Sep-21 ($m)Oct-21 ($m)Sep-21 to Oct-21 ($m)Sep-21 to Oct-21 (%)
Total goods credits42,96639,62338,416- 1,207- 3
 General merchandise40,49838,14836,074- 2,074- 5
  Rural goods5,1475,1555,3021473
  Non-rural goods35,35132,99330,772- 2,221- 7
 Net exports of goods under merchanting(a)3434441029
 Non-monetary gold(a)2,4341,4412,29885759

(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
 Aug-21 ($m)Sep-21 ($m)Oct-21 ($m)Sep-21 to Oct-21 ($m)Sep-21 to Oct-21 (%)
Total services credits4,7674,9214,637- 284- 6
 Manufacturing services on physical inputs owned by others(a)333--
 Maintenance and repair services n.i.e.(a)133--
 Transport32432433282
  Passenger(b)222--
  Freight(c)272727--
  Other15315315853
  Postal and courier services(d)14214214532
 Travel1,7201,8511,594- 257- 14
 Other services2,7192,7402,705- 35- 1
Memorandum item     
 Tourism related services credits(e)1,7221,8531,596- 257- 14

- 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 Explanatory notes. 

Goods and services debits (imports), seasonally adjusted

Goods debits

(a) Trend series suspended from March 2019.

Goods debits (imports) (a), seasonally adjusted
 Aug-21 ($m)Sep-21 ($m)Oct-21 ($m)Sep-21 to Oct-21 ($m)Sep-21 to Oct-21 (%)
Total goods debits- 29,352- 28,180- 27,366- 814- 3
 General merchandise debits- 28,761- 27,781- 27,004- 777- 3
  Consumption goods- 9,802- 8,777- 8,647- 130- 1
  Capital goods- 7,120- 7,217- 6,647- 570- 8
  Intermediate and other merchandise goods- 11,839- 11,786- 11,709- 77- 1
 Non-monetary gold(b)- 591- 399- 362- 37- 9

(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
 Aug-21 ($m)Sep-21 ($m)Oct-21 ($m)Sep-21 to Oct-21 ($m)Sep-21 to Oct-21 (%)
Total services debits- 4,363- 4,540- 4,467- 73- 2
 Manufacturing services on physical inputs owned by others(b)-----
 Maintenance and repair services n.i.e.(b)- 41- 37- 46924
 Transport- 1,472- 1,640- 1,628- 12- 1
  Passenger(c)(d)- 21- 15- 17213
  Freight- 1,415- 1,590- 1,570- 20- 1
  Other(b)- 16- 16- 21531
  Postal and courier services(e)(f)- 19- 19- 2015
 Travel(d)- 75- 69- 791014
 Other services- 2,775- 2,794- 2,713- 81- 3
Memorandum item     
 Tourism related services debits(g)- 96- 84- 961214

- 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

We will be progressively transitioning to releasing Excel files in .XLSX format from 3rd December 2021.

Time series spreadsheets

Data files
Data files
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