Balance of Payments and International Investment Position, Australia

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Balance of payments statistics on current, capital and financial transactions and the international investment position statement

Reference period

June 2022

Released

6/09/2022

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Key statistics

The current account surplus, seasonally adjusted, rose $15,550m to $18,324m.
The capital and financial account deficit rose $11,316m to $18,883m.
Australia’s net international investment liability position was $834,393m at 30 June 2022.

Main features

Key figures (a)
	Mar 22 ($m)	Jun 22 ($m)
Balance on current account (b)	2,774	18,324
Balance on goods and services (b)	26,746	43,085
Net primary income (b)	-23,241	-23,950
Capital and financial account	-7,567	-18,883
International investment position (c)	853,488	834,393

(a) Trend series is not published from June Quarter 2019.
(b) Seasonally adjusted.
(c) Levels at end of period.

The Current account surplus increased by $18.3 billion in the June 2022 quarter, recording the 13th consecutive surplus. The increase was driven by an increase in the balance on goods and services which rose by $16.3 billion to $43.1 billion, the highest level on record.

Higher prices for Australian commodity exports resulted in a 4.6 per cent rise in the terms of trade, with the index reaching 130.7, the highest level on record.

Annual exports of Coal, coke and briquettes exceeded $100 billion for the first time over the 2021-22 financial year. The recovery of Travel services, following the reopening of Australia’s international border earlier in the year, also contributed to the rise in exports.

The net primary income deficit widened to $24.0 billion driven by high dividend payments to non-residents as profits remained strong on the back of higher commodity prices.

The capital and financial account recorded a deficit of $18.9b during the June 2022 quarter driven by a financial account deficit of $18.7b. The deficit was driven by a net outflow in both Currency and deposits and Loans following increased foreign demand for Australian currency.

Australia's net IIP liability decreased $19.1b to $834.4b at 30 June 2022 driven by a net foreign equity asset position increase of $34.3b and partly offset by a net foreign debt liability position increase of $15.2b.

Current account balance (a), main aggregates
	Current account balance ($b)	Net goods & services ($b)	Net primary income ($b)
Jun-18	-13.3	2.3	-15.4
Sep-18	-10.2	6.9	-16.7
Dec-18	-6.3	10.3	-16.5
Mar-19	-4.5	12.3	-16.4
Jun-19	3.2	18.2	-15.1
Sep-19	7.1	21.5	-14.3
Dec-19	2.9	16.3	-13.1
Mar-20	6.9	18.1	-11.0
Jun-20	15.4	21.3	-5.4
Sep-20	9.1	13.7	-4.1
Dec-20	15.7	19.7	-3.3
Mar-21	19.4	27.1	-7.3
Jun-21	20.1	29.1	-7.7
Sep-21	19.3	36.2	-16.3
Dec-21	9.7	28.8	-18.4
Mar-22	2.8	26.7	-23.2
Jun-22	18.3	43.1	-24.0

Current account balance (a), main aggregates

["","Current account balance","Net goods & services","Net primary income"]

[["Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22"],[[-13.300000000000001],[-10.199999999999999],[-6.2999999999999998],[-4.5],[3.2000000000000002],[7.0999999999999996],[2.8999999999999999],[6.9000000000000004],[15.4],[9.0999999999999996],[15.699999999999999],[19.399999999999999],[20.100000000000001],[19.300000000000001],[9.6999999999999993],[2.7999999999999998],[18.300000000000001]],[[2.2999999999999998],[6.9000000000000004],[10.300000000000001],[12.300000000000001],[18.199999999999999],[21.5],[16.300000000000001],[18.100000000000001],[21.300000000000001],[13.699999999999999],[19.699999999999999],[27.100000000000001],[29.100000000000001],[36.200000000000003],[28.800000000000001],[26.699999999999999],[43.100000000000001]],[[-15.4],[-16.699999999999999],[-16.5],[-16.399999999999999],[-15.1],[-14.300000000000001],[-13.1],[-11],[-5.4000000000000004],[-4.0999999999999996],[-3.2999999999999998],[-7.2999999999999998],[-7.7000000000000002],[-16.300000000000001],[-18.399999999999999],[-23.199999999999999],[-24]]]

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(a) Seasonally adjusted estimates at current prices.

International investment position
	Net IIP ($b)	Net Foreign Equity ($b)	Net Foreign Debt ($b)
Jun-18	1,009.5	-82.0	1,091.6
Sep-18	995.1	-107.0	1,102.1
Dec-18	1,036.5	-104.9	1,141.4
Mar-19	1,026.4	-129.4	1,155.7
Jun-19	1,038.4	-145.0	1,183.4
Sep-19	1,025.1	-181.7	1,206.8
Dec-19	950.4	-237.3	1,187.7
Mar-20	885.8	-320.2	1,206.0
Jun-20	986.7	-159.5	1,146.1
Sep-20	1,001.4	-192.3	1,193.7
Dec-20	989.1	-204.6	1,193.7
Mar-21	879.3	-294.3	1,173.6
Jun-21	844.5	-350.7	1,195.2
Sep-21	847.7	-364.9	1,212.6
Dec-21	777.8	-430.9	1,208.6
Mar-22	853.5	-289.0	1,142.5
Jun-22	834.4	-323.3	1,157.7

International investment position

["","Net IIP","Net Foreign Equity","Net Foreign Debt"]

[["Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22"],[[1009.5],[995.10000000000002],[1036.5],[1026.4000000000001],[1038.4000000000001],[1025.0999999999999],[950.39999999999998],[885.79999999999995],[986.70000000000005],[1001.4],[989.10000000000002],[879.29999999999995],[844.5],[847.70000000000005],[777.79999999999995],[853.5],[834.39999999999998]],[[-82],[-107],[-104.90000000000001],[-129.40000000000001],[-145],[-181.69999999999999],[-237.30000000000001],[-320.19999999999999],[-159.5],[-192.30000000000001],[-204.59999999999999],[-294.30000000000001],[-350.69999999999999],[-364.89999999999998],[-430.89999999999998],[-289],[-323.30000000000001]],[[1091.5999999999999],[1102.0999999999999],[1141.4000000000001],[1155.7],[1183.4000000000001],[1206.8],[1187.7],[1206],[1146.0999999999999],[1193.7],[1193.7],[1173.5999999999999],[1195.2],[1212.5999999999999],[1208.5999999999999],[1142.5],[1157.7]]]

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COVID-19 in this publication

Suspension of trend estimates

The trend series attempts to measure underlying behaviour of international trade activity. In the short term, this measurement will be significantly affected by the current COVID-19 pandemic and subsequent changes to regular patterns in international trade that will occur during this time. 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 June quarter 2019 and will be reinstated when more certainty emerges in the underlying trend in international trade.

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 quarter 2020, seasonal factors for series with significant and prolonged impacts from COVID-19 will be calculated using the forward factor method.

The ABS has advised users that it had 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 the 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.

For more information on interpreting seasonally adjusted estimates of International travel services please see the May 2020 feature article International Travel Services time series which outlines the matter in greater detail.

Changes in this issue

Enhancing quarterly Trade in Services statistics

The ABS is enhancing the quarterly international trade in services statistics. Further information on the enhancements and publication changes can be found in the attached article.

A summary of the implications to the current publication are:

The ABS has made changes to include the most up to date international trade in services data in the Balance of Payments and International Investment Position, Australia publication. These changes mean the quarterly estimates will not equal the sum of the three months that have been published in the International Trade in Goods and Services, Australia publication, however, the quarterly estimates will be of a higher quality.
From the June 2022 reference quarter, the full suite of quarterly international trade in services data will be available from the Balance of Payments and International Investment Position, Australia publication for the current reference quarter.

Revisions to Travel Services debits

As outlined in the June 2022 International Trade in Goods and Services, Australia publication, this issue of the quarterly Balance of Payments and International Investment Position incorporates revisions to the Travel Services debits series following a review of the annual benchmark used to calculate this series.

From the September 2021 reference quarter a new benchmarking method was implemented to calculate Travel Services debits. Please see article "Australian System of National Accounts historical revisions" for more details. The ABS has reviewed the benchmark in light of restrictions on international travel easing late last year, resulting in upward revisions to Travel Services debits back to December quarter 2021. The revised estimates more accurately reflect the increasing value of travel debits as the pattern of Australian residents travelling overseas returns towards pre-pandemic levels.

These revisions will also be incorporated in the June quarter 2022 release of Australian National Accounts: National Income, Expenditure and Product.

Current Account

Balance on current account in current prices, seasonally adjusted (a) - June quarter 2022
	Mar 22 ($m)	Jun 22 ($m)	Mar 22 to Jun 22 ($m)
Balance on current account	2,774	18,324	15,550
Balance on goods and services	26,746	43,085	16,339
Net goods	31,718	48,501	16,783
Net Services	-4,972	-5,415	-443
Net primary income	-23,241	-23,950	-709
Net secondary income	-731	-811	-80

(a) For sign conventions, see the Concepts section in the Explanatory notes in the Methodology.

Terms of trade

Australia's seasonally adjusted terms of trade on net goods and services for the June quarter 2022 rose 4.6% to 130.7, with an increase of 8.7% in the implicit price deflator (IPD) for goods and services credits and an increase of 4.0% in the IPD for goods and services debits.

Implicit price deflator and terms of trade (a)
	Implicit Price Deflator Goods and services credits	Implicit Price Deflator Goods and services debits	Terms of Trade (net Goods and services)
Jun-14	86.8	89.9	96.6
Sep-14	83.5	89.6	93.1
Dec-14	83.2	91.3	91.1
Mar-15	81.3	92.2	88.2
Jun-15	79.3	92.6	85.7
Sep-15	79.5	95.1	83.6
Dec-15	75.8	94.9	79.9
Mar-16	72.2	92.2	78.3
Jun-16	73.7	90.9	81.0
Sep-16	76.3	90.4	84.4
Dec-16	84.7	90.5	93.6
Mar-17	88.6	91.0	97.4
Jun-17	84.9	91.3	93.0
Sep-17	83.5	89.8	93.1
Dec-17	85.3	91.7	93.0
Mar-18	88.1	93.1	94.6
Jun-18	89.9	95.2	94.5
Sep-18	93.6	97.7	95.8
Dec-18	96.9	98.5	98.4
Mar-19	97.9	98.0	99.9
Jun-19	100.5	98.6	101.9
Sep-19	103.1	99.8	103.3
Dec-19	98.9	100.2	98.8
Mar-20	99.1	100.0	99.0
Jun-20	97.0	98.5	98.5
Sep-20	95.4	95.4	100.0
Dec-20	100.7	95.4	105.6
Mar-21	107.7	94.6	113.8
Jun-21	117.7	96.8	121.6
Sep-21	125.6	102.6	122.4
Dec-21	126.6	108.9	116.2
Mar-22	140.9	112.7	124.9
Jun-22	153.2	117.2	130.7

Implicit price deflator and terms of trade (a)

["","Implicit Price Deflator Goods and services credits","Implicit Price Deflator Goods and services debits","Terms of Trade (net Goods and services)"]

[["Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22"],[[86.799999999999997],[83.5],[83.200000000000003],[81.299999999999997],[79.299999999999997],[79.5],[75.799999999999997],[72.200000000000003],[73.700000000000003],[76.299999999999997],[84.700000000000003],[88.599999999999994],[84.900000000000006],[83.5],[85.299999999999997],[88.099999999999994],[89.900000000000006],[93.599999999999994],[96.900000000000006],[97.900000000000006],[100.5],[103.09999999999999],[98.900000000000006],[99.099999999999994],[97],[95.400000000000006],[100.7],[107.7],[117.7],[125.59999999999999],[126.59999999999999],[140.90000000000001],[153.19999999999999]],[[89.900000000000006],[89.599999999999994],[91.299999999999997],[92.200000000000003],[92.599999999999994],[95.099999999999994],[94.900000000000006],[92.200000000000003],[90.900000000000006],[90.400000000000006],[90.5],[91],[91.299999999999997],[89.799999999999997],[91.700000000000003],[93.099999999999994],[95.200000000000003],[97.700000000000003],[98.5],[98],[98.599999999999994],[99.799999999999997],[100.2],[100],[98.5],[95.400000000000006],[95.400000000000006],[94.599999999999994],[96.799999999999997],[102.59999999999999],[108.90000000000001],[112.7],[117.2]],[[96.599999999999994],[93.099999999999994],[91.099999999999994],[88.200000000000003],[85.700000000000003],[83.599999999999994],[79.900000000000006],[78.299999999999997],[81],[84.400000000000006],[93.599999999999994],[97.400000000000006],[93],[93.099999999999994],[93],[94.599999999999994],[94.5],[95.799999999999997],[98.400000000000006],[99.900000000000006],[101.90000000000001],[103.3],[98.799999999999997],[99],[98.5],[100],[105.59999999999999],[113.8],[121.59999999999999],[122.40000000000001],[116.2],[124.90000000000001],[130.69999999999999]]]

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(a) Seasonally adjusted, reference year 2019-20 = 100

Relationship between IPD, EPI and IPI

Differences between the IPD and International Trade Price Indexes can arise due to a number of methodological factors, including differences in pricing points, timing, coverage and weights.

Price comparison (QoQ % change)
	Implicit price deflators (a)	Implicit price deflators (a)	Chain Laspeyres Indexes (b)	International Trade Price Indexes (b)
	Seasonally Adjusted	Original	Original	Original
Goods exports	10.1	10.1	10.8	10.1
Services exports	1.2	0.9	1.1	na
Goods imports	4.5	5.1	4.7	4.3
Services imports	-0.6	-2.3	1.8	na

na not available.
(a) Reference year 2019-20 = 100.
(b) Source: International Trade Price Indexes, Australia (cat. no. 6457.0).

Implicit price deflators and international trade price indexes
	Implicit Price Deflators Goods credits (a)	Implicit Price Deflators Goods debits (a)	Export Price Index (b)	Import Price Index (b)
Jun-14	84.7	93.1	88.8	105.1
Sep-14	80.6	92.5	85.3	104.3
Dec-14	80.1	93.9	85.3	105.2
Mar-15	78.9	93.5	84.6	105.0
Jun-15	75.5	94.6	80.9	106.5
Sep-15	75.3	96.6	80.9	108.0
Dec-15	71.1	96.3	76.5	107.7
Mar-16	67.5	92.8	72.9	104.5
Jun-16	68.8	91.8	73.9	103.5
Sep-16	71.3	91.3	76.9	102.5
Dec-16	81.8	91.6	88.2	102.7
Mar-17	87.4	92.3	96.0	103.9
Jun-17	82.1	92.4	90.5	103.8
Sep-17	79.7	90.6	87.8	102.1
Dec-17	81.8	92.5	90.3	104.5
Mar-18	86.8	94.0	94.7	106.6
Jun-18	88.1	96.6	96.5	110.0
Sep-18	91.5	98.7	100.1	112.1
Dec-18	95.3	99.4	104.5	112.7
Mar-19	99.0	98.7	109.2	112.1
Jun-19	102.2	99.6	113.3	113.1
Sep-19	103.7	100.4	114.8	113.5
Dec-19	97.9	100.9	108.8	114.3
Mar-20	100.0	99.9	111.7	113.1
Jun-20	98.4	98.5	109.0	110.9
Sep-20	94.0	94.7	103.4	107.0
Dec-20	98.7	94.3	109.1	105.9
Mar-21	108.3	93.9	121.3	106.1
Jun-21	123.8	95.4	137.3	108.1
Sep-21	128.3	99.9	145.8	113.9
Dec-21	127.8	105.3	150.9	120.5
Mar-22	148.3	110.2	173.0	126.6
Jun-22	163.3	115.8	190.4	132.0

Implicit price deflators and international trade price indexes

["","Implicit Price Deflators Goods credits (a)","Implicit Price Deflators Goods debits (a)","Export Price Index (b)","Import Price Index (b)"]

[["Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22"],[[84.700000000000003],[80.599999999999994],[80.099999999999994],[78.900000000000006],[75.5],[75.299999999999997],[71.099999999999994],[67.5],[68.799999999999997],[71.299999999999997],[81.799999999999997],[87.400000000000006],[82.099999999999994],[79.700000000000003],[81.799999999999997],[86.799999999999997],[88.099999999999994],[91.5],[95.299999999999997],[99],[102.2],[103.7],[97.900000000000006],[100],[98.400000000000006],[94],[98.700000000000003],[108.3],[123.8],[128.30000000000001],[127.8],[148.30000000000001],[163.30000000000001]],[[93.099999999999994],[92.5],[93.900000000000006],[93.5],[94.599999999999994],[96.599999999999994],[96.299999999999997],[92.799999999999997],[91.799999999999997],[91.299999999999997],[91.599999999999994],[92.299999999999997],[92.400000000000006],[90.599999999999994],[92.5],[94],[96.599999999999994],[98.700000000000003],[99.400000000000006],[98.700000000000003],[99.599999999999994],[100.40000000000001],[100.90000000000001],[99.900000000000006],[98.5],[94.700000000000003],[94.299999999999997],[93.900000000000006],[95.400000000000006],[99.900000000000006],[105.3],[110.2],[115.8]],[[88.799999999999997],[85.299999999999997],[85.299999999999997],[84.599999999999994],[80.900000000000006],[80.900000000000006],[76.5],[72.900000000000006],[73.900000000000006],[76.900000000000006],[88.200000000000003],[96],[90.5],[87.799999999999997],[90.299999999999997],[94.700000000000003],[96.5],[100.09999999999999],[104.5],[109.2],[113.3],[114.8],[108.8],[111.7],[109],[103.40000000000001],[109.09999999999999],[121.3],[137.30000000000001],[145.80000000000001],[150.90000000000001],[173],[190.40000000000001]],[[105.09999999999999],[104.3],[105.2],[105],[106.5],[108],[107.7],[104.5],[103.5],[102.5],[102.7],[103.90000000000001],[103.8],[102.09999999999999],[104.5],[106.59999999999999],[110],[112.09999999999999],[112.7],[112.09999999999999],[113.09999999999999],[113.5],[114.3],[113.09999999999999],[110.90000000000001],[107],[105.90000000000001],[106.09999999999999],[108.09999999999999],[113.90000000000001],[120.5],[126.59999999999999],[132]]]

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(a) Reference year 2019-20 = 100.
(b) Source: International Trade Price Indexes, Australia.

Balance on goods and services

In seasonally adjusted chain volume terms, the balance on goods and services was a surplus of $2,202m, a rise of $5,069m on the revised March quarter 2022 deficit of $2,867m.

The rise in the balance on goods and services surplus of $5.1 billion (seasonally adjusted chain volume measure) is expected to contribute 1.0 percentage points to the June 2022 GDP quarterly movement.

Goods and services, chain volume measures (a)
	Balance on goods and services ($m)	Balance on goods ($m)	Balance on services ($m)
Jun-14	325	6,670	-6,196
Sep-14	1,725	8,096	-6,240
Dec-14	4,979	10,401	-5,287
Mar-15	6,181	11,030	-4,667
Jun-15	2,335	7,495	-5,015
Sep-15	7,619	11,853	-3,976
Dec-15	8,860	13,103	-4,150
Mar-16	13,223	16,466	-3,029
Jun-16	12,245	16,245	-3,721
Sep-16	12,370	15,814	-3,322
Dec-16	14,031	18,040	-3,685
Mar-17	8,025	11,859	-3,886
Jun-17	10,781	13,512	-2,899
Sep-17	10,505	14,227	-3,687
Dec-17	7,566	11,593	-4,036
Mar-18	8,577	12,553	-4,026
Jun-18	9,007	12,656	-3,720
Sep-18	12,081	15,260	-3,299
Dec-18	12,370	15,419	-3,268
Mar-19	12,717	14,325	-1,819
Jun-19	16,074	17,253	-1,416
Sep-19	17,486	17,575	-335
Dec-19	17,798	17,268	301
Mar-20	19,277	19,521	-291
Jun-20	23,251	17,892	5,881
Sep-20	14,367	10,013	4,355
Dec-20	14,513	10,467	4,046
Mar-21	13,182	10,455	2,727
Jun-21	6,905	3,822	3,082
Sep-21	10,881	8,400	2,481
Dec-21	9,087	7,534	1,553
Mar-22	-2,867	-1,791	-1,076
Jun-22	2,202	3,517	-1,315

Goods and services, chain volume measures (a)

["","Balance on goods and services","Balance on goods","Balance on services"]

[["Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22"],[[325],[1725],[4979],[6181],[2335],[7619],[8860],[13223],[12245],[12370],[14031],[8025],[10781],[10505],[7566],[8577],[9007],[12081],[12370],[12717],[16074],[17486],[17798],[19277],[23251],[14367],[14513],[13182],[6905],[10881],[9087],[-2867],[2202]],[[6670],[8096],[10401],[11030],[7495],[11853],[13103],[16466],[16245],[15814],[18040],[11859],[13512],[14227],[11593],[12553],[12656],[15260],[15419],[14325],[17253],[17575],[17268],[19521],[17892],[10013],[10467],[10455],[3822],[8400],[7534],[-1791],[3517]],[[-6196],[-6240],[-5287],[-4667],[-5015],[-3976],[-4150],[-3029],[-3721],[-3322],[-3685],[-3886],[-2899],[-3687],[-4036],[-4026],[-3720],[-3299],[-3268],[-1819],[-1416],[-335],[301],[-291],[5881],[4355],[4046],[2727],[3082],[2481],[1553],[-1076],[-1315]]]

[]

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(a) Seasonally adjusted, reference year 2019-20.

Exports of goods (credits)

In seasonally adjusted terms at current prices, goods credits rose $19,794m (14.6%) to $154,992m, with volumes up 4.2% and prices up 10.0%.

Goods credits, price and volume change - seasonally adjusted - June quarter 2022
		Current prices ($m)	Current prices (%)	Chain volume measures (a) (%)	Implicit price deflators (a)(b)(%)
Exports of goods		19,794	14.6	4.2	10.0
	Rural goods	1,198	7.3	5.9	1.4
	Non-rural goods	17,588	15.6	3.1	12.2
	Net exports of goods under merchanting	-	-	-1.7	1.9
	Non-monetary gold	1,009	16.5	14.6	1.6

- nil (including null cells).
(a) Reference year 2019-20 = 100.
(b) Movements in indexes are based on data to four decimal places.

Rural goods

Rural goods, current price (seasonally adjusted)
		Mar 22 ($m)	Jun 22 ($m)	Mar 22 to Jun 22 ($m)	Mar 22 to Jun 22 (%)
Rural goods	16,341	17,539	1,198	7.3
	Meat and meat preparations	3,937	4,376	439	11.2
	Cereal grains and cereal preparations	4,137	4,634	497	12.0
	Wool and sheepskins	760	1,006	246	32.4
	Other rural(a)	7,508	7,523	15	0.2

Non-rural goods

Non-rural goods, current price (seasonally adjusted)
		Mar 22 ($m)	Jun 22 ($m)	Mar 22 to Jun 22 ($m)	Mar 22 to Jun 22 (%)
Non-rural goods	112,580	130,168	17,588	15.6
	Metal ores and minerals(a)	42,968	43,434	466	1.1
	Coal, coke and briquettes(a)	29,082	40,823	11,741	40.4
	Other mineral fuels(a)	21,872	26,290	4,418	20.2
	Metals (excl. non-monetary gold)	3,606	4,051	445	12.3
	Machinery	2,965	3,026	61	2.1
	Transport equipment	1,068	1,057	-11	-1.0
	Other manufactures	6,374	6,322	-52	-0.8
	Other non-rural (incl. sugar and beverages)(c)(d)	3,782	4,198	416	11.0
	Goods procured in ports by carriers(b)	863	966	103	11.9

Selected major commodities, current prices (a)
	Metal ores and minerals ($m)	Coal, coke and briquettes ($m)	Other mineral fuels ($m)
Jun-14	22,356	9,177	8,073
Sep-14	20,634	9,140	7,444
Dec-14	20,285	9,636	7,205
Mar-15	19,149	10,153	6,545
Jun-15	17,876	9,146	5,281
Sep-15	18,686	9,494	5,888
Dec-15	16,541	8,437	5,978
Mar-16	15,912	7,910	5,632
Jun-16	17,617	8,608	5,166
Sep-16	18,517	9,436	5,868
Dec-16	22,077	16,096	6,986
Mar-17	24,506	15,085	7,343
Jun-17	20,318	13,497	8,759
Sep-17	21,662	14,322	8,155
Dec-17	22,076	14,323	8,271
Mar-18	23,257	15,683	10,749
Jun-18	22,752	16,062	12,411
Sep-18	23,534	17,375	14,341
Dec-18	25,851	17,886	16,056
Mar-19	27,745	16,828	15,010
Jun-19	32,227	17,465	15,041
Sep-19	34,669	16,128	15,800
Dec-19	32,182	13,636	14,750
Mar-20	31,678	13,123	14,927
Jun-20	33,444	11,668	12,893
Sep-20	36,812	9,274	8,179
Dec-20	42,482	9,203	8,986
Mar-21	49,851	9,707	10,534
Jun-21	52,452	11,002	12,165
Sep-21	48,693	17,898	17,736
Dec-21	36,288	24,996	21,434
Mar-22	42,968	29,082	21,872
Jun-22	43,434	40,823	26,290

Imports of goods (debits)

In seasonally adjusted terms at current prices, goods debits rose $3,012m (2.9%) to $106,422m, with volumes down 1.6% and prices up 4.5%.

Goods debits, price and volume change - seasonally adjusted - June quarter 2022
		Current prices ($m)	Current prices (%)	Chain volume measures (a) (%)	Implicit price deflators (a)(b)(%)
Total Goods Imports		3,012	2.9	-1.6	4.5
	Consumption goods	-761	-2.3	-1.0	-1.3
	Capital goods	441	1.9	0.8	1.2
	Intermediate and other merchandise goods	3,044	6.6	-4.2	11.3
	Non-monetary gold	287	16.9	15.7	1.0

(a) Reference year 2019-20 = 100.
(b) Movements in indexes are based on data to four decimal places.

Consumption goods

Consumption goods(a), seasonally adjusted
	Mar 22 ($m)	Jun 22 ($m)	Mar 22 to Jun 22 ($m)	Mar 22 to Jun 22 (%)
Consumption goods	-32,638	-31,877	-761	-2.3
	Food and beverages, mainly for consumption	-4,564	-4,703	139	3.0
	Household electrical items	-2,164	-2,018	-146	-6.7
	Non-industrial transport equipment	-7,895	-6,662	-1,233	-15.6
	Textiles, clothing and footwear	-5,642	-5,617	-25	-0.4
	Toys, books and leisure goods	-2,156	-2,082	-74	-3.4
	Consumption goods n.e.s.	-10,216	-10,796	580	5.7

Capital goods

Capital goods(a), seasonally adjusted
	Mar 22 ($m)	Jun 22 ($m)	Mar 22 to Jun 22 ($m)	Mar 22 to Jun 22 (%)
Capital goods	-23,222	-23,663	441	1.9
	Machinery and industrial equipment	-7,741	-8,367	626	8.1
	ADP equipment	-3,840	-3,534	-306	-8.0
	Telecommunications equipment	-3,822	-3,911	89	2.3
	Civil aircraft and confidentialised items(b)(c)	-1,613	-1,081	-532	-33.0
	Industrial transport equipment n.e.s.	-3,778	-3,784	6	0.2
	Capital goods n.e.s.(d)	-2,427	-2,985	558	23.0

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a), seasonally adjusted
	Mar 22 ($m)	Jun 22 ($m)	Mar 22 to Jun 22 ($m)	Mar 22 to Jun 22 (%)
Intermediate and other merchandise goods	-45,852	-48,896	3,044	6.6
	Food and beverages, mainly for industry	-636	-686	50	7.9
	Primary industrial supplies n.e.s.(b)	-543	-774	231	42.5
	Fuels and lubricants(c)	-12,668	-17,101	4,433	35.0
	Parts for transport equipment	-3,816	-3,851	35	0.9
	Parts for ADP equipment	-237	-233	-4	-1.7
	Other parts for capital goods	-5,552	-5,442	-110	-2.0
	Organic and inorganic chemicals	-1,739	-1,690	-49	-2.8
	Paper and paperboard	-647	-666	19	2.9
	Textile yarn and fabrics	-482	-463	-19	-3.9
	Iron and steel	-1,397	-1,342	-55	-3.9
	Plastics	-1,605	-1,587	-18	-1.1
	Processed industrial supplies n.e.s.	-16,275	-14,627	-1,648	-10.1
	Other merchandise goods(d)(e)	-94	-223	129	137.2
	Goods procured in ports by carriers(c)	-160	-212	52	32.5

Services

Services exports, price and volume change - seasonally adjusted - June quarter 2022
		Current prices ($m)	Current prices (%)	Chain volume measures (a) (%)	Implicit price deflators (a)(b)(%)
Exports of services		2,276	15.1	13.7	1.2
	Manufacturing services on physical inputs owned by others	-	-	-	-
	Maintenance and repair services n.i.e.	-1	-10.0	-10.0	0.7
	Transport	429	39.0	35.7	2.4
	Travel	2,105	39.2	38.3	0.7
	Other services	-256	-3.0	-3.8	0.9

- nil or rounded to zero (including null cells).
(a) Reference year 2019-20 = 100.
(b) Movements in indexes are based on data to four decimal places.

Services imports, price and volume change - seasonally adjusted - June quarter 2022
		Current prices ($m)	Current prices (%)	Chain volume measures (a) (%)	Implicit price deflators (a)(b)(%)
Imports of services		2,720	13.6	14.3	-0.6
	Manufacturing services on physical inputs owned by others	-	-	-	-
	Maintenance and repair services n.i.e.	60	57.7	56.3	0.5
	Transport	822	10.9	13.2	-2.0
	Travel	1,963	62.7	62.3	0.3
	Other services	-125	-1.3	-1.7	0.3

- nil or rounded to zero (including null cells).
(a) Reference year 2019-20 = 100.
(b) Movements in indexes are based on data to four decimal places.

Income

The primary income deficit rose by $709m to $23,950m in the June quarter 2022.

Net primary income
	Trend (a) ($b)	Net primary income (b) ($b)	Primary income credits (b) ($b)	Primary income debits (b) ($b)
Jun-14	-9.5	-9.1	12.5	-21.6
Sep-14	-8.3	-8.3	13.8	-22.1
Dec-14	-7.7	-7.8	13.2	-21.1
Mar-15	-8.1	-7.8	13.3	-21.1
Jun-15	-9.2	-9.0	13.1	-22.1
Sep-15	-9.9	-10.6	12.7	-23.3
Dec-15	-9.8	-10.1	13.5	-23.6
Mar-16	-9.2	-8.2	12.9	-21.1
Jun-16	-9.3	-10.1	13.3	-23.4
Sep-16	-10.3	-9.4	13.2	-22.6
Dec-16	-11.7	-12.3	14.0	-26.3
Mar-17	-12.7	-12.7	13.8	-26.5
Jun-17	-13.5	-13.4	14.0	-27.5
Sep-17	-13.8	-13.7	13.9	-27.6
Dec-17	-14.1	-14.4	14.4	-28.8
Mar-18	-14.6	-14.1	15.0	-29.1
Jun-18	-15.5	-15.4	16.2	-31.6
Sep-18	-16.3	-16.7	16.6	-33.3
Dec-18	-16.6	-16.5	16.7	-33.2
Mar-19	-16.2	-16.4	17.8	-34.1
Jun-19		-15.1	16.9	-32.1
Sep-19		-14.3	16.7	-31.0
Dec-19		-13.1	17.1	-30.3
Mar-20		-11.0	16.9	-27.9
Jun-20		-5.4	14.3	-19.7
Sep-20		-4.1	15.6	-19.7
Dec-20		-3.3	14.3	-17.6
Mar-21		-7.3	15.8	-23.1
Jun-21		-7.7	15.9	-23.6
Sep-21		-16.3	17.7	-33.9
Dec-21		-18.4	18.7	-37.1
Mar-22		-23.2	19.7	-42.9
Jun-22		-24.0	21.6	-45.6

Net primary income

["","Trend (a)","Net primary income (b)","Primary income credits (b)","Primary income debits (b)"]

[["Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22"],[[-9.5],[-8.3000000000000007],[-7.7000000000000002],[-8.0999999999999996],[-9.1999999999999993],[-9.9000000000000004],[-9.8000000000000007],[-9.1999999999999993],[-9.3000000000000007],[-10.300000000000001],[-11.699999999999999],[-12.699999999999999],[-13.5],[-13.800000000000001],[-14.1],[-14.6],[-15.5],[-16.300000000000001],[-16.600000000000001],[-16.199999999999999],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null]],[[-9.0999999999999996],[-8.3000000000000007],[-7.7999999999999998],[-7.7999999999999998],[-9],[-10.6],[-10.1],[-8.1999999999999993],[-10.1],[-9.4000000000000004],[-12.300000000000001],[-12.699999999999999],[-13.4],[-13.699999999999999],[-14.4],[-14.1],[-15.4],[-16.699999999999999],[-16.5],[-16.399999999999999],[-15.1],[-14.300000000000001],[-13.1],[-11],[-5.4000000000000004],[-4.0999999999999996],[-3.2999999999999998],[-7.2999999999999998],[-7.7000000000000002],[-16.300000000000001],[-18.399999999999999],[-23.199999999999999],[-24]],[[12.5],[13.800000000000001],[13.199999999999999],[13.300000000000001],[13.1],[12.699999999999999],[13.5],[12.9],[13.300000000000001],[13.199999999999999],[14],[13.800000000000001],[14],[13.9],[14.4],[15],[16.199999999999999],[16.600000000000001],[16.699999999999999],[17.800000000000001],[16.899999999999999],[16.699999999999999],[17.100000000000001],[16.899999999999999],[14.300000000000001],[15.6],[14.300000000000001],[15.800000000000001],[15.9],[17.699999999999999],[18.699999999999999],[19.699999999999999],[21.600000000000001]],[[-21.600000000000001],[-22.100000000000001],[-21.100000000000001],[-21.100000000000001],[-22.100000000000001],[-23.300000000000001],[-23.600000000000001],[-21.100000000000001],[-23.399999999999999],[-22.600000000000001],[-26.300000000000001],[-26.5],[-27.5],[-27.600000000000001],[-28.800000000000001],[-29.100000000000001],[-31.600000000000001],[-33.299999999999997],[-33.200000000000003],[-34.100000000000001],[-32.100000000000001],[-31],[-30.300000000000001],[-27.899999999999999],[-19.699999999999999],[-19.699999999999999],[-17.600000000000001],[-23.100000000000001],[-23.600000000000001],[-33.899999999999999],[-37.100000000000001],[-42.899999999999999],[-45.600000000000001]]]

[]

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(a) Trend series is not published from June Quarter 2019.

(b) Seasonally adjusted.

Primary income credits

In seasonally adjusted terms at current prices, income to residents (credits) rose $1,942m (9.9%) to $21,614m. The main components contributing to this rise were:

Direct investment assets - income on equity and investment fund shares; up $641m (6.8%)
Portfolio investment assets - investment income on equity and investment fund shares; up $1,074m (14.0%)
Other investment assets; up $161m (24.9%)

Primary income debits

In seasonally adjusted terms at current prices income to non-residents (debits) rose $2,652m (6.2%) to $45,565m. The main components contributing to this rise were:

Direct investment liabilities - income on equity and investment fund shares; up $6,277m (25.0%)
Portfolio investment liabilities - investment income on equity and investment fund shares; down $4,449m (44.3%)
Direct investment liabilities - interest; up $221m (45.6%)
Other investment income; up $162m (10.6%)

Secondary income

In seasonally adjusted terms at current prices, the net secondary income deficit rose $80m to $811m in the June quarter 2022.

Capital and Financial Account

The capital and financial account recorded a deficit of $18.9b during the June 2022 quarter, mainly driven by the financial account deficit of $18.7b.

The financial account deficit rose due to a $17.1b net outflow of debt and a $1.6b net outflow of equity.

Capital and financial account
			Sep-21	Dec-21	Mar-22	Jun-22	Qtr on Qtr
			($m)	($m)	($m)	($m)	($m)
Capital account			-163	-42	-186	-211	-25
	Acquisitions/disposals of non-produced non-financial assets		2	138	2	56	54
		Acquisitions/disposals of non-produced non-financial assets credits	5	142	6	68	62
		Acquisitions/disposals of non-produced non-financial assets debits	-3	-4	-4	-12	-8
	Capital transfers		-165	-180	-188	-267	-79
		Capital transfers credits	0	0	0	0	0
		Capital transfers debits	-165	-180	-188	-267	-79
Financial account			-13,139	-9,212	-7,381	-18,672	-11,291
	Direct investment		-6,596	14,805	-65,018	-6,956	58,062
		Direct investment assets	-14,500	-8,530	-123,850	-11,673	112,177
		Direct investment liabilities	7,904	23,336	58,833	4,717	-54,116
	Portfolio investment		-1,829	-13,712	61,931	42,449	-19,482
		Portfolio investment assets	-38,105	-60,039	-32,098	15,797	47,895
		Portfolio investment liabilities	36,276	46,328	94,029	26,652	-67,377
	Financial derivatives		569	-7,533	-2,729	-1,726	1,003
		Financial derivatives assets	45,904	35,128	43,342	75,635	32,293
		Financial derivatives liabilities	-45,335	-42,661	-46,071	-77,362	-31,291
	Other investment		12,095	-1,056	-966	-51,977	-51,011
		Other investment assets	-22,894	-6,229	-19,051	-32,519	-13,468
		Other investment liabilities	34,989	5,173	18,085	-19,458	-37,543
	Reserve assets		-17,378	-1,717	-599	-462	137
	Net errors and omissions		-3,775	2,422	4,933	-4,281	-9,214

International Investment Position

Australia's net IIP liability position was $834.4b at 30 June 2022, a decrease of $19.1b on the revised 31 March 2022 figure of $853.5b. Australia's net foreign equity asset position increased $34.3b to $323.3b at 30 June 2022. Australia's net foreign debt liability position increased $15.2b to $1,157.7b.

International investment position, by net foreign equity and net foreign debt
		Position at beginning of period	Transactions	Price changes	Exchange rate changes	Other adjustments	Position at end of period
		($m)	($m)	($m)	($m)	($m)	($m)
Net International Investment Position	Dec-21	847,729	-9,212	-67,358	9,224	-2,628	777,754
Net International Investment Position	Mar-22	777,754	-7,381	-14,239	44,692	52,661	853,488
Net International Investment Position	Jun-22	853,488	-18,672	22,470	-34,749	11,855	834,393

Net Foreign Equity	Dec-21	-364,885	-31,024	-44,465	12,407	-2,888	-430,855
Net Foreign Equity	Mar-22	-430,855	-10,991	39,611	60,876	52,361	-288,997
Net Foreign Equity	Jun-22	-288,997	-1,593	41,145	-70,756	-3,136	-323,337

Net Foreign Debt	Dec-21	1,212,615	21,812	-22,893	-3,184	259	1,208,609
Net Foreign Debt	Mar-22	1,208,609	3,611	-53,850	-16,184	299	1,142,485
Net Foreign Debt	Jun-22	1,142,485	-17,079	-18,675	36,008	14,991	1,157,730

Supplementary Information

Value adjustments

Goods credits data presented in this publication are based on information provided 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 original current price 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 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.

Exports on an international merchandise trade basis

Iron ore (in original terms)

Adjustments have been applied to iron ore lumps in the March quarter 2022 (+$55m) and June quarter 2022 (-$30m).
Adjustments have been applied to iron ore fines in the March quarter 2022 (-$65m) and June quarter 2022 (+$210m).
When actual final transaction prices become available estimates are replaced with these data.

Goods on a balance of payments basis

Coal (in original terms)

Adjustments have been applied to coal, coke and briquettes in the balance of payments series for the March quarter (+$135m) and the June quarter (+$3,341m) 2022. All previous adjustments have been removed.

Metal ores and minerals (in original terms)

Adjustments have been applied to metal ores and minerals in the balance of payments series for the June quarter (-$449m) 2022.

Other mineral fuels (in original terms)

Adjustments have been applied to other mineral fuels in the balance of payments series for the December quarter (-$200m) 2021 and the March quarter (-$600m) 2021.

Capital expenditure (in original terms)

The balance of payments goods debits component capital goods n.e.s. includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the customs frontier.

Revisions

The following goods components have been revised since the release of the June 2022 issue of International Trade in Goods and Services, Australia.

Other rural goods credits, revised in the March and June quarter 2022.
Metal ores and minerals credits, revised in the June quarter 2022.
Coal, coke and briquettes credits, revised in the June quarter 2022.
Other mineral fuels credits, revised in the December and March quarter 2022.
Machinery credits, revised in the December quarter 2021 and March and June quarter 2022.
Transport equipment credits, revised in the March and June quarter 2022.
Other manufactures credits, revised in the December quarter 2021 and March and June quarter 2022.
Other non-rural goods credits, revised in the December quarter 2021 and March quarter 2022.
Net exports of goods under merchanting credits, revised in the September and December quarter 2021 and March and June quarter 2022.
Capital goods n.e.s. debits, revised in the June quarter 2022.
Goods procured in ports by carriers debits, revised in the June quarter 2022.

Services components have been revised since the release of the June 2022 issue of International Trade in Goods and Services, Australia, to include the most up to date international trade in services data.

Summary of revisions since the last issue of this publication

Table 28 summarises revisions, in original current price terms, since the last issue of this publication.

Incorporation of the latest survey and administrative data has resulted in revisions to the balance of payments series back to the September quarter 2018. In original current price terms, these revisions have:

decreased the current account surplus for the September quarter 2018 by $527m
decreased the current account surplus for the December quarter 2018 by $666m
decreased the current account surplus for the March quarter 2019 by $618m
decreased the current account surplus for the June quarter 2019 by $894m
decreased the current account surplus for the September quarter 2019 by $858m
decreased the current account surplus for the December quarter 2019 by $923m
decreased the current account surplus for the March quarter 2020 by $1,012m
decreased the current account surplus for the June quarter 2020 by $1,118m
decreased the current account surplus for the September quarter 2020 by $1,020m
decreased the current account surplus for the December quarter 2020 by $1,096m
decreased the current account surplus for the March quarter 2021 by $1,243m
decreased the current account surplus for the June quarter 2021 by $1,431m
decreased the current account surplus for the September quarter 2021 by $1,477m
decreased the current account surplus for the December quarter 2021 by $2,942m
decreased the current account surplus for the March quarter 2022 by $5,105m

The International Investment Position (IIP) has been revised back to the September quarter 2018. These revisions have increased Australia's net IIP liability $32,166m to a net liability position of $853,488m at 31 March 2022. The financial account deficit has been revised up $4,647m to $7,381m at 31 March 2022.

Seasonally adjusted series have been revised due to the incorporation of revised estimates and the incorporation of estimates for the latest quarter.

In seasonally adjusted terms, the revisions decreased the volume surplus on goods and services by $3,427m for the March quarter 2022.

Data in this issue aligns with the data in the June quarter 2022 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 7 September 2022.

Economic conditions

Country	MSCI quarterly percentage change (a)(%)	AUD exchange rate quarterly percentage change (b)(%)
Australia	-11.11	na
United States of America	-17.11	-7.93
United Kingdom	-3.83	-0.58
Europe	-16.96	-1.72
China	3.34	-2.91
Japan	-4.63	2.73
Singapore	-16.08	-5.36
India	-10.31	-4.04
New Zealand	-7.34	3.06

Data downloads

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Time series spreadsheets

Data files

Table 1. Balance of payments, summary: original - quarter
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Table 2. International investment position: by net foreign equity and net foreign debt - quarter
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Table 3. Foreign assets and liabilities: by equity and debt - quarter
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Table 4. Current account transactions: seasonally adjusted and trend estimates - quarter
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Table 5. Goods and services: chain volume measures and indexes - quarter
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Table 6. Goods credits
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Table 7. Goods debits
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Table 8. Services credits
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Table 9. Services debits
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Table 10. Income credits - quarter
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Table 11. Income debits - quarter
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Table 12. Capital account: original - quarter
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Table 13. Financial account - quarter
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Table 14. International investment: foreign assets - quarter
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Table 15. International investment: foreign liabilities - quarter
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Table 16. Foreign debt levels - quarter
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Table 17. Gross external debt liabilities: levels - quarter
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Table 18. Currency and residual maturity of foreign debt - quarter
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Table 19. Exchange rates - quarter
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Table 20. Foreign assets and liabilities by industry - quarter
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Table 21. Goods and services credit by state on a balance of payments basis - quarter
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Table 22. Goods and services debits by state on a balance of payments basis - quarter
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Table 23. Selected international accounts ratios: seasonally adjusted - quarter
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Table 24. Quarterly combined current price seasonal adjustment factors
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Table 25. Exports by SITC division on a balance of payments basis - quarter
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Table 26. Imports by broad economic category on a balance of payments basis - quarter
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Table 27. International investment: directional principle - quarter
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Table 28. Summary of revisions - quarter
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Table 29. International investment position: historical summary - quarter
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Table 30. Balance of payments, summary: original - financial year
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Table 31. Selected services, chain volume measures and implicit price deflators: original - quarter
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Previous catalogue number

This release previously used catalogue number 5302.0.

Methodology

Balance of Payments and International Investment Position, Australia methodology, June 2022

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APA

Balance of Payments and International Investment Position, Australia

APA

Key statistics

Main features

COVID-19 in this publication

Suspension of trend estimates

Seasonal adjustment and COVID-19

Changes in this issue

Enhancing quarterly Trade in Services statistics

Revisions to Travel Services debits

Current Account

Terms of trade

Relationship between IPD, EPI and IPI

Balance on goods and services

Exports of goods (credits)

Rural goods

Non-rural goods

Imports of goods (debits)

Consumption goods

Capital goods

Intermediate and other merchandise goods

Services

Income

Primary income credits

Primary income debits

Secondary income

Capital and Financial Account

International Investment Position

Supplementary Information

Value adjustments

Exports on an international merchandise trade basis

Goods on a balance of payments basis

Revisions

Summary of revisions since the last issue of this publication

Economic conditions

Data downloads

Time series spreadsheets

Table 1. Balance of payments, summary: original - quarter

Table 2. International investment position: by net foreign equity and net foreign debt - quarter

Table 3. Foreign assets and liabilities: by equity and debt - quarter

Table 4. Current account transactions: seasonally adjusted and trend estimates - quarter

Table 5. Goods and services: chain volume measures and indexes - quarter

Table 6. Goods credits

Table 7. Goods debits

Table 8. Services credits

Table 9. Services debits

Table 10. Income credits - quarter

Table 11. Income debits - quarter

Table 12. Capital account: original - quarter

Table 13. Financial account - quarter

Table 14. International investment: foreign assets - quarter

Table 15. International investment: foreign liabilities - quarter

Table 16. Foreign debt levels - quarter

Table 17. Gross external debt liabilities: levels - quarter

Table 18. Currency and residual maturity of foreign debt - quarter

Table 19. Exchange rates - quarter

Table 20. Foreign assets and liabilities by industry - quarter

Table 21. Goods and services credit by state on a balance of payments basis - quarter

Table 22. Goods and services debits by state on a balance of payments basis - quarter

Table 23. Selected international accounts ratios: seasonally adjusted - quarter

Table 24. Quarterly combined current price seasonal adjustment factors

Table 25. Exports by SITC division on a balance of payments basis - quarter

Table 26. Imports by broad economic category on a balance of payments basis - quarter

Table 27. International investment: directional principle - quarter

Table 28. Summary of revisions - quarter

Table 29. International investment position: historical summary - quarter

Table 30. Balance of payments, summary: original - financial year

Table 31. Selected services, chain volume measures and implicit price deflators: original - quarter

Previous catalogue number

Methodology

Media releases

Export commodity prices increase current account surplus

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