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
May 2022
Released
7/07/2022

Key statistics

  • The seasonally adjusted balance on goods and services surplus increased $2,717m to $15,965m in May. 
  • Goods and services credits (exports) rose $5,054m (9.5%) to $58,402m, driven by rises in exports of Coal, coke and briquettes and Other mineral fuels.
  • Goods and services debits (imports) rose $2,337m (5.8%) to $42,437m, driven by rises in imports Fuels and lubricants and Non-industrial transport equipment.

Main features

Key Figures, Seasonally Adjusted
  Mar-22 ($m)Apr-22 ($m)May-22 ($m)Apr-22 to May-22
($m)
Apr-22 to May-22 (%)
Balance on goods and services10,39513,24815,9652,717na
 Credits (Exports of goods & services)50,82653,34858,4025,0549.5
 Debits (Imports of goods & services)-40,431-40,100-42,4372,3375.8

na not applicable

Enhancing Trade in Services quarterly statistics

COVID-19

Changes in this issue

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $15,965m in May 2022, an increase of $2,717m on the surplus in April 2022. 

 

Balance on goods and services(a), seasonally adjusted
   Mar-22 ($m)Apr-22 ($m)May-22 ($m)Apr-22 to May-22 ($m)Apr-22 to May-22 (%)
Balance on goods and services10,39513,24815,9652,717na
 Total goods and services credits50,82653,34858,4025,0549.5
  Total goods credits45,83247,90752,7024,79510.0
  Total services credits4,9945,4415,7002594.8
 Total goods and services debits-40,431-40,100-42,4372,3375.8
  Total goods debits-34,421-34,057-36,1502,0936.1
  Total services debits-6,010-6,043-6,2882454.1

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
 Mar-22 ($m)Apr-22 ($m)May-22 ($m)Apr-22 to May-22 ($m)Apr-22 to May-22 (%)
Total goods credits45,83247,90752,7024,79510.0
 General merchandise43,96646,58750,4683,8818.3
  Rural goods5,1965,4155,6081933.6
  Non-rural goods38,77041,17244,8593,6879.0
 Net exports of goods under merchanting(a)322418-6-25.0
 Non-monetary gold(a)1,8341,2962,21692071.0

(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
 Mar-22 ($m)Apr-22 ($m)May-22 ($m)Apr-22 to May-22 ($m)Apr-22 to May-22 (%)
Total services credits4,9945,4415,7002594.8
 Manufacturing services on physical inputs owned by others(a)-----
 Maintenance and repair services n.i.e.(a)32--2-100.0
 Transport380400422225.5
  Passenger(b)(c)67831062327.7
  Freight(d)282929--
  Other16616917010.6
  Postal and courier services(e)119119118-1-0.8
 Travel(c)1,7322,2372,4482119.4
 Other services2,8782,8022,830281.0
Memorandum item     
 Tourism related services credits(f)1,7992,3202,55423410.1

- nil (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(a), seasonally adjusted
 Mar-22 ($m)Apr-22 ($m)May-22 ($m)Apr-22 to May-22 ($m)Apr-22 to May-22 (%)
Total goods debits-34,421-34,057-36,1502,0936.1
 General merchandise debits-33,818-33,385-35,5672,1826.5
  Consumption goods-10,603-10,496-11,0635675.4
  Capital goods-7,694-7,640-7,8832433.2
  Intermediate and other merchandise goods-15,521-15,248-16,6211,3739.0
 Non-monetary gold(b)-603-672-583-89-13.2

(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
 Mar-22 ($m)Apr-22 ($m)May-22 ($m)Apr-22 to May-22 ($m)Apr-22 to May-22 (%)
Total services debits-6,010-6,043-6,2882454.1
 Manufacturing services on physical inputs owned by others(b)-----
 Maintenance and repair services n.i.e.(b)-51-48-33-15-31.3
 Transport-2,628-2,619-2,8161977.5
  Passenger(c)(d)-403-454-5236915.2
  Freight-2,182-2,124-2,2521286.0
  Other(b)-31-32-32--
  Postal and courier services(e)(f)-12-10-9-1-10.0
 Travel(d)-203-258-2994115.9
 Other services-3,128-3,118-3,139210.7
Memorandum item     
 Tourism related services debits(g)-605-712-82311115.6

- nil (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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