6.1 International trade in goods and services

 international trade in goods and services

Month 2008–09 2009–10 2010–11 2011–12 2012–13
Exports of goods and services (a) – $ million
July 22 816 19 324 24 957  26 120  25 433
August 24 195 18 934 24 332  28 023  24 589
September 25 255 19 887 23 896  27 060  
October 27 562 19 444 24 299  26 733  
November 26 489 19 221 24 313  26 954  
December 24 266 19 898 24 493  27 174  
January 23 650 20 777 23 805  25 027  
February 24 954 20 888 23 508  24 784  
March 24 470 21 130 25 717  25 221  
April 21 021 23 384 25 483  25 881  
May 19 639 24 584 26 360  26 196  
June 19 552 25 932 25 796  26 155  
Annual 283 898 253 136 297 322 315 932  
           
Imports of goods and services (a) – $ million
July 23 923 20 601 23 339  24 892  26 963
August 23 942 20 084 22 501  25 242  26 615
September 25 261 21 368 22 273  25 160  
October 25 006 21 075 21 910  25 575  
November 25 599 20 791 22 522  25 966  
December 24 634 21 414 22 662  25 796  
January 22 925 21 301 22 380  26 522  
February 22 336 21 733 23 495  24 991  
March 22 215 22 297 23 448  26 097  
April 21 036 22 147 23 583  26 451  
May 20 237 23 136 24 110  27 044  
June 20 338 23 203 23 919  26 946  
Annual 277 758 258 898 276 014 310 815  
           

(a) Balance of payments definition. Monthly figures are seasonally adjusted.
Source: ABS, International trade in goods and services, Cat. no. 5368.0
Update 5 November 2012  

Key points

In August 2012, seasonally adjusted exports and imports decreased 3.3 and 1.3 per cent respectively, when compared to the previous month.

The balance on goods and services in August 2012 was a deficit of $2.0 billion; an increase of $496 million from the revised July 2012 deficit of $1.5 billion.

Compared to August 2011, seasonally adjusted exports decreased 12.3 per cent ($3.4 billion) while imports increased 5.4 per cent ($1.4 billion). The balance on goods and services over this time period was a deficit of $2.9 billion.

What is measured

International merchandise trade statistics measure Australia’s exports and imports of goods and services on a recorded trade basis.

Adjustments for coverage, timing and valuation are applied to recorded trade data to convert them to a balance of payments basis. These are the data reported in this bulletin.

Goods include all movable goods (merchandise) which change ownership between Australian residents and non-residents whether or not they actually cross customs frontier.

The services component covers services rendered by Australian residents to non-residents and by non-residents to residents (eg travel, transportation, insurance).

The ABS publishes these statistics in original, seasonally adjusted and trend terms.

Related statistics in this bulletin

  • 3.1 Gross domestic product
  • 6.2 Balance on current account
  • 6.3 Terms of trade
  • 6.4 Exchange rates

Related publications

  • ABS, Australian national accounts: national income, expenditure and product, Cat. no. 5206.0
  • RBA, Bulletin
  • Treasury, Budget papers
  • OECD, Economic outlook
  • NAB, Australian outlook and research
  • Melbourne Institute, Monthly bulletin of economic trends
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