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
December 2022
Released
7/02/2023

Key statistics

  • The seasonally adjusted balance on goods and services surplus decreased $1,238m in December. 
  • Goods and services debits (imports) rose $445m (1.0%) driven by Travel services.
  • Goods and services credits (exports) fell $793m (1.4%) driven by Other mineral fuels. 

Main features

Key Figures, Seasonally Adjusted
  Oct-22 ($m)Nov-22 ($m)Dec-22 ($m)Nov-22 to Dec-22 ($m)Nov-22 to Dec-22 (%)
Balance on goods and services12,58513,47512,237-1,238na
 Credits (Exports of goods & services)59,21258,63457,841-793-1.4
 Debits (Imports of goods & services)-46,627-45,159-45,6044451.0

na not applicable
 

COVID-19 in this publication

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $12,237m in December 2022, a decrease of $1,238m on the surplus in November 2022. 

 

Balance on goods and services(a), seasonally adjusted
   Oct-22 ($m)Nov-22 ($m)Dec-22 ($m)

Nov-22 to Dec-22 ($m)

Nov-22 to Dec-22 (%)

Balance on goods and services12,58513,47512,237-1,238na
 Total goods and services credits59,21258,63457,841-793-1.4
  Total goods credits52,29751,33150,565-766-1.5
  Total services credits6,9157,3037,276-27-0.4
 Total goods and services debits-46,627-45,159-45,6044451.0
  Total goods debits-37,615-36,590-36,654640.2
  Total services debits-9,012-8,569-8,9503814.4

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
 Oct-22 ($m)Nov-22 ($m)Dec-22 ($m)Nov-22 to Dec-22 ($m)Nov-22 to Dec-22 (%)
Total goods credits52,29751,33150,565-766-1.5
 General merchandise50,31449,61548,241-1,374-2.8
  Rural goods6,8976,6976,447-250-3.7
  Non-rural goods43,41742,91741,794-1,123-2.6
 Net exports of goods under merchanting(a)334747--
 Non-monetary gold(a)1,9501,6692,27760836.4

- nil or rounded to zero (including null cells)
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
 Oct-22 ($m)Nov-22 ($m)Dec-22 ($m)Nov-22 to Dec-22 ($m)Nov-22 to Dec-22 (%)
Total services credits6,9157,3037,276-27-0.4
 Manufacturing services on physical inputs owned by others(a)-----
 Maintenance and repair services n.i.e.(a)2103-7-70.0
 Transport528557530-27-4.8
  Passenger(b)(c)164189159-30-15.9
  Freight(d)33333413.0
  Other20720821021.0
  Postal and courier services(e)12512612710.8
 Travel(c)3,4073,7393,735-4-0.1
 Other services2,9772,9983,00790.3
Memorandum item     
 Tourism related services credits(f)3,5713,9283,895-33-0.8

- 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. 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

a. Trend series suspended from March 2019.

Goods debits (imports) (a), seasonally adjusted
 Oct-22 ($m)Nov-22 ($m)Dec-22 ($m)Nov-22 to Dec-22 ($m)Nov-22 to Dec-22 (%)
Total goods debits-37,615-36,590-36,654640.2
 General merchandise debits-37,216-36,039-36,1671280.4
  Consumption goods-11,401-11,167-11,3291621.5
  Capital goods-8,601-7,840-8,79395312.2
  Intermediate and other merchandise goods-17,214-17,032-16,045-987-5.8
 Non-monetary gold(b)-399-551-487-64-11.6

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
 Oct-22 ($m)Nov-22 ($m)Dec-22 ($m)Nov-22 to Dec-22 ($m)Nov-22 to Dec-22 (%)
Total services debits-9,012-8,569-8,9503814.4
 Manufacturing services on physical inputs owned by others(b)-----
 Maintenance and repair services n.i.e.(b)-47-47-53612.8
 Transport-3,151-2,814-2,568-246-8.7
  Passenger(c)(d)-679-720-72550.7
  Freight-2,409-2,030-1,778-252-12.4
  Other(b)-52-52-52--
  Postal and courier services(e)(f)-11-12-1318.3
 Travel(d)-2,494-2,374-2,96659224.9
 Other services-3,321-3,334-3,363290.9
Memorandum item     
 Tourism related services debits(g)-3,172-3,094-3,69159719.3

- 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.

Previous catalogue number

This release previously used catalogue number 5368.0.

Supplementary information

Selected commodities

Value adjustments

Revisions

Confidential Commodities List

Data downloads

Time series spreadsheets

Data files
Data files
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