5368.0 - International Trade in Goods and Services, Australia, Dec 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/02/2018   
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DECEMBER KEY FIGURES

Oct 2017
Nov 2017
Dec 2017
Nov 17 to Dec 17
$m
$m
$m
% change

BALANCE ON GOODS AND SERVICES
Trend estimates
178
-163
-476
-192
Seasonally adjusted
193
36
-1 358
(a)..
CREDITS (Exports of goods & services)
Trend estimates
32 069
32 092
32 157
-
Seasonally adjusted
31 787
31 955
32 465
2
DEBITS (Imports of goods & services)
Trend estimates
31 891
32 255
32 634
1
Seasonally adjusted
31 595
31 918
33 823
6

. . not applicable
- nil or rounded to zero (including null cells)
(a) See paragraph 15 of the Explanatory Notes.

Balance on Goods and Services

Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series




DECEMBER KEY POINTS


BALANCE ON GOODS AND SERVICES
  • In trend terms, the balance on goods and services was a deficit of $476m in December 2017, an increase of $313m on the deficit in November 2017.
  • In seasonally adjusted terms, the balance on goods and services was a deficit of $1,358m in December 2017, a turnaround of $1,394m on the surplus in November 2017.


CREDITS (EXPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services credits rose $510m (2%) to $32,465m. Non-rural goods rose $719m (4%). Rural goods fell $144m (4%), non-monetary gold fell $9m (1%) and net exports of goods under merchanting fell $1m (2%). Services credits fell $54m (1%).


DEBITS (IMPORTS OF GOODS AND SERVICES)
  • In seasonally adjusted terms, goods and services debits rose $1,905m (6%) to $33,823m. Intermediate and other merchandise goods rose $901m (9%), consumption goods rose $422m (5%), capital goods rose $341m (6%) and non-monetary gold rose $204m (68%). Services debits rose $36m.


2017 SITUATION
  • In original terms, the balance on goods and services for 2017 was a surplus of $11.1b, a turnaround of $24.7b on the deficit of $13.7b recorded in 2016, resulting from a $50.7b (15%) increase in goods and services credits and a $26.0b (7%) increase in goods and services debits.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
January 2018 8 March 2018
February 2018 5 April 2018
March 2018 3 May 2018
April 2018 7 June 2018
May 2018 4 July 2018
June 2018 2 August 2018



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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for goods, and International Trade in Services at <trade.services@abs.gov.au> for services.