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.

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Reference period

May 2023

Released

6/07/2023

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Key statistics

The seasonally adjusted balance on goods and services surplus increased $1,337m in May.
Goods and services credits (exports) rose $2,437m (4.4%) driven by Non-monetary gold.
Goods and services debits (imports) rose $1,100m (2.5%) driven by Non-industrial transport equipment.

Monthly Travel Services debits (imports) estimates now labelled as preliminary

The ABS is now labelling the monthly estimates of Travel Service debits as preliminary.

Recent changes in traveller spending patterns has increased the uncertainty of monthly Travel Service debit estimates. With this comes a higher risk of revisions. Please use caution when interpreting the preliminary estimates particularly estimates for the latest month.

The ABS calculates monthly estimates by using:

Overseas Arrivals and Departures (OAD) estimates for the latest month along with an average spend per traveller from the previous month.
Newly available Reserve Bank of Australia (RBA) Overseas Card Payments data to replace the OAD-based estimates in the following month. The RBA data captures changes in both number of travellers and spending patterns of Australians overseas.

Quarterly travel services debits published in the Balance of Payments and International Investment Position, Australia and the Australian National Accounts: National Income, Expenditure and Product are unaffected as all the data sources are available in time for publishing these estimates.

For more information about the compilation of monthly and quarterly Travel Services please see Enhancing Trade in Services quarterly statistics | Australian Bureau of Statistics (abs.gov.au)

Trade overview

Key Figures, Seasonally Adjusted

Key Figures, Seasonally Adjusted
		Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Balance on goods and services		14,974	10,454	11,791	1,337	na
	Credits (Exports of goods & services)	59,111	55,333	57,770	2,437	4.4
	Debits (Imports of goods & services)	-44,137	-44,879	-45,979	1,100	2.5

na not applicable

Balance on goods and services

Balance on goods and services
	Seasonally Adjusted ($m)
Feb-22	6,914
Mar-22	9,157
Apr-22	12,883
May-22	14,374
Jun-22	17,470
Jul-22	8,562
Aug-22	8,803
Sep-22	12,388
Oct-22	12,140
Nov-22	13,406
Dec-22	12,333
Jan-23	10,963
Feb-23	14,129
Mar-23	14,974
Apr-23	10,454
May-23	11,791

Balance on goods and services

["","Seasonally Adjusted"]

[["Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23","Mar-23","Apr-23","May-23"],[[6914],[9157],[12883],[14374],[17470],[8562],[8803],[12388],[12140],[13406],[12333],[10963],[14129],[14974],[10454],[11791]]]

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Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $11,791m in May 2023, an increase of $1,337m on the April 2023 surplus.

Balance on goods and services(a), seasonally adjusted

Balance on goods and services(a), seasonally adjusted
			Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Balance on goods and services			14,974	10,454	11,791	1,337	na
	Total goods and services credits		59,111	55,333	57,770	2,437	4.4
		Total goods credits	50,964	46,595	48,906	2,311	5.0
		Total services credits	8,147	8,738	8,864	126	1.4
	Total goods and services debits		-44,137	-44,879	-45,979	1,100	2.5
		Total goods debits	-35,725	-36,063	-37,164	1,101	3.1
		Total services debits	-8,412	-8,816	-8,815	-1	0.0

na not applicable
a. For sign conventions, see the methodology page.

Goods and services credits

Goods credits (exports), seasonally adjusted

	Seasonally Adjusted ($m)	Trend (a) ($m)
May-19	33,933	33,615
Jun-19	34,042	33,973
Jul-19	35,497	33,990
Aug-19	33,101	33,712
Sep-19	33,448	33,064
Oct-19	31,221	32,239
Nov-19	31,700	31,569
Dec-19	32,138	31,247
Jan-20	30,629	31,215
Feb-20	28,925	31,378
Mar-20	34,488	-
Apr-20	32,087	-
May-20	29,422	-
Jun-20	29,315	-
Jul-20	29,090	-
Aug-20	27,982	-
Sep-20	28,522	-
Oct-20	29,852	-
Nov-20	30,858	-
Dec-20	33,404	-
Jan-21	34,467	-
Feb-21	34,916	-
Mar-21	34,699	-
Apr-21	35,959	-
May-21	37,768	-
Jun-21	38,759	-
Jul-21	41,968	-
Aug-21	42,053	-
Sep-21	38,412	-
Oct-21	38,017	-
Nov-21	40,076	-
Dec-21	41,093	-
Jan-22	45,179	-
Feb-22	45,517	-
Mar-22	45,760	-
Apr-22	48,844	49,106
May-22	52,945	50,395
Jun-22	55,475	51,211
Jul-22	48,300	51,502
Aug-22	49,998	51,428
Sep-22	52,900	51,132
Oct-22	51,399	50,879
Nov-22	50,585	50,709
Dec-22	49,787	50,460
Jan-23	50,631	49,965
Feb-23	48,831	49,407
Mar-23	50,964	48,924
Apr-23	46,595	48,496
May-23	48,906	48,132

["","Seasonally Adjusted","Trend (a)"]

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a. Large month-to-month changes occurred during the COVID-19 pandemic, resulting in multiple trend breaks. The ABS recommends caution when using trend estimates published in spreadsheets for this period.

Goods credits, seasonally adjusted

Goods credits, seasonally adjusted
			Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Total goods credits			50,964	46,595	48,906	2,311	5.0
	General merchandise		48,911	44,948	46,003	1,055	2.3
		Rural goods	6,691	5,893	6,189	296	5.0
		Non-rural goods	42,220	39,055	39,814	759	1.9
	Net exports of goods under merchanting(a)		25	18	18	-	-
	Non-monetary gold(a)		2,028	1,629	2,885	1,256	77.1

- nil or rounded to zero (including null cells)
a. This component is not seasonally adjusted.

Rural goods

Rural goods, seasonally adjusted
	Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Rural goods	6,691	5,893	6,189	296	5.0
	Meat and meat preparations	1,487	1,509	1,478	-31	-2.1
	Cereal grains and cereal preparations	2,106	1,949	1,931	-18	-0.9
	Wool and sheepskins	301	272	269	-3	-1.1
	Other rural(a)	2,797	2,163	2,511	348	16.1

Non-rural goods

Non-rural goods, seasonally adjusted
	Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Non-rural goods	42,220	39,055	39,814	759	1.9
	Metal ores and minerals	17,032	14,890	14,613	-277	-1.9
	Coal, coke and briquettes	10,304	9,483	9,632	149	1.6
	Other mineral fuels	8,425	8,449	8,734	285	3.4
	Metals (excl. non-monetary gold)	1,366	1,155	1,338	183	15.8
	Machinery	1,097	1,124	1,095	-29	-2.6
	Transport equipment	377	389	426	37	9.5
	Other manufactures	2,221	2,217	2,697	480	21.7
	Other non-rural (incl. sugar and beverages)(a)	1,147	1,107	1,039	-68	-6.1
	Goods procured in ports by carriers(b)	251	241	239	-2	-0.8

Services credits

	Seasonally Adjusted ($m)
May-19	8,365
Jun-19	8,420
Jul-19	8,518
Aug-19	8,657
Sep-19	8,712
Oct-19	8,786
Nov-19	8,823
Dec-19	8,766
Jan-20	8,115
Feb-20	7,432
Mar-20	6,868
Apr-20	5,455
May-20	5,621
Jun-20	5,776
Jul-20	5,261
Aug-20	5,099
Sep-20	5,296
Oct-20	5,387
Nov-20	5,468
Dec-20	5,374
Jan-21	5,264
Feb-21	5,082
Mar-21	4,945
Apr-21	5,014
May-21	5,193
Jun-21	5,333
Jul-21	4,860
Aug-21	4,771
Sep-21	4,877
Oct-21	4,703
Nov-21	4,763
Dec-21	4,801
Jan-22	5,026
Feb-22	5,041
Mar-22	5,074
Apr-22	5,601
May-22	5,878
Jun-22	6,082
Jul-22	6,453
Aug-22	6,502
Sep-22	6,889
Oct-22	7,007
Nov-22	7,492
Dec-22	7,706
Jan-23	7,885
Feb-23	7,953
Mar-23	8,147
Apr-23	8,738
May-23	8,864

["","Seasonally Adjusted"]

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Services credits, seasonally adjusted

Services credits, seasonally adjusted
			Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Total services credits			8,147	8,738	8,864	126	1.4
	Manufacturing services on physical inputs owned by others(a)		-	-	-	-	-
	Maintenance and repair services n.i.e.(a)		6	3	3	-	-
	Transport		585	589	586	-3	-0.5
		Passenger(b)	192	196	194	-2	-1.0
		Freight(c)	36	37	38	1	2.7
		Other	216	211	210	-1	-0.5
		Postal and courier services(d)	141	145	145	-	-
	Travel		4,741	5,365	5,488	123	2.3
	Other services		2,814	2,781	2,787	6	0.2
Memorandum item
	Tourism related services credits(e)		4,933	5,561	5,682	121	2.2

- 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. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
d. Postal and courier services includes indirect commissions for sea transport.
e. For a more detailed explanation of tourism related services, see the methodology page.

Goods and services debits

Goods debits (imports), seasonally adjusted

	Seasonally Adjusted ($m)	Trend (a) ($m)
May-19	26,977	26,562
Jun-19	26,528	26,583
Jul-19	26,631	26,643
Aug-19	26,789	26,758
Sep-19	27,485	26,792
Oct-19	27,555	26,725
Nov-19	26,447	26,594
Dec-19	26,788	26,436
Jan-20	25,645	26,295
Feb-20	25,209	26,224
Mar-20	25,069	-
Apr-20	25,218	-
May-20	24,069	-
Jun-20	24,157	-
Jul-20	25,816	-
Aug-20	26,077	-
Sep-20	24,418	-
Oct-20	25,115	-
Nov-20	27,403	-
Dec-20	26,614	-
Jan-21	26,289	-
Feb-21	27,621	-
Mar-21	28,398	-
Apr-21	27,463	-
May-21	28,099	-
Jun-21	28,475	-
Jul-21	28,564	-
Aug-21	29,185	-
Sep-21	28,286	-
Oct-21	28,142	-
Nov-21	30,725	-
Dec-21	32,943	-
Jan-22	31,522	-
Feb-22	36,964	-
Mar-22	34,919	-
Apr-22	34,505	35,184
May-22	36,867	35,812
Jun-22	35,889	36,478
Jul-22	37,061	37,150
Aug-22	38,609	37,473
Sep-22	38,275	37,519
Oct-22	37,486	37,281
Nov-22	36,345	36,859
Dec-22	36,459	36,415
Jan-23	38,547	36,078
Feb-23	34,435	35,921
Mar-23	35,725	35,879
Apr-23	36,063	35,898
May-23	37,164	35,978

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Goods debits(a), seasonally adjusted

Goods debits(a), seasonally adjusted
			Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Total goods debits			-35,725	-36,063	-37,164	1,101	3.1
	General merchandise debits		-34,983	-35,615	-36,313	698	2.0
		Consumption goods	-11,552	-11,581	-12,470	889	7.7
		Capital goods	-8,511	-8,976	-8,712	-264	-2.9
		Intermediate and other merchandise goods	-14,920	-15,058	-15,131	73	0.5
	Non-monetary gold(b)		-742	-448	-851	403	90.0

a. For sign conventions, see the methodology page.
b. This component is not seasonally adjusted.

Consumption goods

Consumption goods(a), seasonally adjusted
	Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Consumption goods	-11,552	-11,581	-12,470	889	7.7
	Food and beverages, mainly for consumption	-1,636	-1,773	-1,697	-76	-4.3
	Household electrical items	-610	-592	-572	-20	-3.4
	Non-industrial transport equipment	-3,194	-3,146	-4,079	933	29.7
	Textiles, clothing and footwear	-1,894	-1,837	-1,807	-30	-1.6
	Toys, books and leisure goods	-692	-702	-673	-29	-4.1
	Consumption goods n.e.s.	-3,525	-3,531	-3,641	110	3.1

Capital goods

Capital goods(a), seasonally adjusted
	Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Capital goods	-8,511	-8,976	-8,712	-264	-2.9
	Machinery and industrial equipment	-3,063	-3,198	-3,149	-49	-1.5
	ADP equipment	-1,046	-1,041	-1,041	-	-
	Telecommunications equipment	-1,361	-1,297	-1,299	2	0.2
	Civil aircraft and confidentialised items(b)(c)	-322	-648	-252	-396	-61.1
	Industrial transport equipment n.e.s.	-1,409	-1,615	-1,597	-18	-1.1
	Capital goods n.e.s.(d)	-1,310	-1,176	-1,375	199	16.9

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a), seasonally adjusted
	Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Intermediate and other merchandise goods	-14,920	-15,058	-15,131	73	0.5
	Food and beverages, mainly for industry	-233	-234	-207	-27	-11.5
	Primary industrial supplies n.e.s.(b)	-216	-190	-267	77	40.5
	Fuels and lubricants(c)	-4,844	-4,877	-4,706	-171	-3.5
	Parts for transport equipment	-1,400	-1,452	-1,526	74	5.1
	Parts for ADP equipment	-87	-72	-50	-22	-30.6
	Other parts for capital goods	-2,002	-2,079	-2,051	-28	-1.3
	Organic and inorganic chemicals	-532	-505	-440	-65	-12.9
	Paper and paperboard	-233	-236	-229	-7	-3.0
	Textile yarn and fabrics	-136	-147	-137	-10	-6.8
	Iron and steel	-363	-375	-423	48	12.8
	Plastics	-456	-456	-454	-2	-0.4
	Processed industrial supplies n.e.s.	-4,264	-4,184	-4,316	132	3.2
	Other merchandise goods(d)	-48	-63	-143	80	127.0
	Goods procured in ports by carriers(e)	-106	-187	-182	-5	-2.7

Services debits

	Seasonally Adjusted ($m)
May-19	8,685
Jun-19	8,548
Jul-19	8,589
Aug-19	8,658
Sep-19	8,628
Oct-19	8,625
Nov-19	8,633
Dec-19	8,948
Jan-20	8,900
Feb-20	8,824
Mar-20	6,287
Apr-20	3,883
May-20	3,871
Jun-20	3,868
Jul-20	3,751
Aug-20	3,789
Sep-20	3,718
Oct-20	3,998
Nov-20	4,128
Dec-20	4,167
Jan-21	4,011
Feb-21	4,117
Mar-21	4,145
Apr-21	4,271
May-21	4,345
Jun-21	4,425
Jul-21	4,529
Aug-21	4,584
Sep-21	4,724
Oct-21	4,929
Nov-21	5,331
Dec-21	5,628
Jan-22	6,264
Feb-22	6,679
Mar-22	6,758
Apr-22	7,057
May-22	7,582
Jun-22	8,198
Jul-22	9,131
Aug-22	9,089
Sep-22	9,126
Oct-22	8,780
Nov-22	8,327
Dec-22	8,701
Jan-23	9,006
Feb-23	8,219
Mar-23	8,412
Apr-23	8,816
May-23	8,815

["","Seasonally Adjusted"]

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[]

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[{"value":"0","axis_id":"0","axis_title":"$m","axis_units":"","tooltip_units":"(m)","table_units":"($m)","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"-1","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Services debits(a), seasonally adjusted

Services debits(a), seasonally adjusted
			Mar-23 ($m)	Apr-23 ($m)	May-23 ($m)	Apr-23 to May-23 ($m)	Apr-23 to May-23 (%)
Total services debits			-8,412	-8,816	-8,815	-1	0.0
	Manufacturing services on physical inputs owned by others(b)		-	-	-	-	-
	Maintenance and repair services n.i.e.(b)		-36	-26	-121	95	365.4
	Transport		-2,289	-2,378	-2,420	42	1.8
		Passenger(c)	-681	-704	-733	29	4.1
		Freight	-1,538	-1,568	-1,581	13	0.8
		Other(b)	-50	-90	-90	-	-
		Postal and courier services(d)(e)	-20	-16	-16	-	-
	Travel(f)		-2,629	-2,917	-2,751	-166	-5.7
	Other services		-3,458	-3,495	-3,523	28	0.8
Memorandum item
	Tourism related services debits(g)		-3,310	-3,621	-3,484	-137	-3.8

- nil or rounded to zero (including null cells)
a. For sign conventions, see the methodology page.
b. This component is not seasonally adjusted.
c. Passenger services includes agency fees and commissions for air transport.
d. Postal and courier services includes indirect commissions for sea transport.
e. In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
f. Monthly estimates of Travel Service debits are now labelled preliminary.
g. For a more detailed explanation of tourism related services, see the methodology page.

Supplementary information

Selected commodities

Selected commodities, quantities (a)

Selected commodities, quantities (a)
	Dec-22 (%)	Jan-23 (%)	Feb-23 (%)	Mar-23 (%)	Apr-23 (%)	May-23 (%)
Iron ore - Lump	8.5	-8.2	-17.6	18.5	-5.3	9.3
Iron ore - Fines	6.3	-7.8	-13.3	19.2	-11.1	9.5
Coal - Hard coking	2.2	-15.5	-13.6	26.4	-1.3	12.1
Coal - Semi-soft	4.2	-14.9	-22.0	21.8	3.0	9.0
Coal - Thermal	28.7	-11.9	-9.4	24.0	-9.3	4.7
Gas - LNG	2.7	-0.6	-6.0	7.7	-5.9	1.0

a. Data in this table is on a revised international merchandise trade basis.

Selected commodities, unit values (a)

Selected commodities, unit values (a)
	Dec-22 (%)	Jan-23 (%)	Feb-23 (%)	Mar-23 (%)	Apr-23 (%)	May-23 (%)
Iron ore - Lump	12.4	5.8	3.8	3.0	-1.0	-8.8
Iron ore - Fines	13.4	7.9	3.1	4.8	-2.9	-8.1
Coal - Hard coking	-3.5	-3.4	18.6	8.8	-28.8	-11.5
Coal - Semi-soft	-1.9	-3.3	5.6	0.8	-7.2	-2.3
Coal - Thermal	-10.2	-9.5	-7.6	-19.4	-10.3	-1.9
Gas - LNG	0.9	-0.6	-11.7	-6.0	-11.8	-2.7

a. Data in this table is on a revised international merchandise trade basis and excludes value adjustments applied to balance of payments series.

Selected commodity movements

On an international merchandise trade basis, in original terms (noting the footnote in the above table), between April 2023 and May 2023 the largest movements recorded for the following selected commodities were:

Iron ore (lump), movement by country, Apr-23 to May-23

Iron ore (lump), movement by country, Apr-23 to May-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (lump) - Total movement	-9	-0.3	9.3	-8.8
Korea, Republic of (South)	-45	-24.5	-16.0	-10.1
Taiwan	-41	-32.5	-26.1	-8.7
Vietnam	-34	-72.9	-74.1	4.7
Japan	-22	-7.9	-0.4	-7.6
China (excludes SARs and Taiwan)	129	5.9	16.4	-9.0

Iron ore (fines), movement by country, Apr-23 to May-23

Iron ore (fines), movement by country, Apr-23 to May-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (fines) - Total movement	47	0.6	9.5	-8.1
Korea, Republic of (South)	101	22.2	25.7	-2.8
Japan	66	17.6	13.1	4.0
Indonesia	30	51.4	62.0	-6.5
China (excludes SARs and Taiwan)	-33	-0.5	9.4	-9.0
Vietnam	-104	-75.9	-72.3	-13.0

Hard coking (high rank) coal, movement by country, Apr-23 to May-23

Hard coking (high rank) coal, movement by country, Apr-23 to May-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
High rank coal - Total movement	-23	-0.8	12.1	-11.5
Spain	-130	-100.0	-100.0	-
Korea, Republic of (South)	-96	-31.7	-2.5	-30.0
Netherlands	-89	-39.5	-41.0	2.5
Japan	106	21.5	15.6	5.1
Turkiye	133	-	-	-

- nil or rounded to zero (including null cells)

Semi soft coal, movement by country, Apr-23 to May-23

Semi soft coal, movement by country, Apr-23 to May-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Semi soft coal - Total movement	93	6.4	9.0	-2.3
Japan	275	77.0	59.9	10.7
Germany	90	-	-	-
India	-69	-24.9	-17.0	-9.5
France (includes Andorra and Monaco)	-104	-100.0	-100.0	-
Korea, Republic of (South)	-233	-58.4	-61.4	7.8

- nil or rounded to zero (including null cells)

Thermal coal, movement by country, Apr-23 to May-23

Thermal coal, movement by country, Apr-23 to May-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Thermal coal - Total movement	101	2.7	4.7	-1.9
China (excludes SARs and Taiwan)	157	20.6	14.7	5.2
Japan	92	6.5	10.8	-3.9
Vietnam	67	44.4	26.3	14.3
Korea, Republic of (South)	-58	-30.8	-24.7	-8.1
Taiwan	-160	-19.4	-18.2	-1.5

Liquid Natural Gas, total movement, Apr-23 to May-23

Liquid Natural Gas, total movement, Apr-23 to May-23
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Liquid Natural Gas (LNG) - Total movement	-100	-1.7	1.0	-2.7

Selected commodities, quantity and unit value analysis - International merchandise trade basis: Original terms

International merchandise trade exports data presented in the above tables are based on information reported by exporters to the Department of Home Affairs (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. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs. When additional information for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Unit values in this publication are presented in Australian dollar terms. Movements in the unit values for some commodities incorporate movements in the United States dollar prices reported to Home Affairs and movements in the Australian dollar to United States dollar exchange rate.

Value adjustments

Goods credits on an international merchandise trade basis

On a merchandise trade basis, adjustments have been applied to iron ore lump and iron ore fines. When actual final transaction prices become available estimates are replaced with these data. For price and volume details, see the Selected commodities section.

Iron Ore Adjustment, Original Terms

Iron Ore Adjustment, Original Terms
	Nov-22($m)	Dec-22($m)	Jan-23($m)	Feb-23($m)	Mar-23($m)	Apr-23($m)	May-23($m)
Iron ore lump	0	25	10	0	45	20	-80
Iron ore fines	30	20	10	30	-25	-30	-200

Goods credits on a balance of payments basis

Coal (in original terms)

On a balance of payments basis, adjustments have been applied to the coal, coke and briquettes component in January (+$55m), February (+$45m), March (+$80m), April (+$1,125m) and May (+$1,070m) 2023 This adjustment takes into account additional information on the unit value of hard coking, semi-soft and thermal coal exports. All previous adjustments have been removed.

In the international merchandise trade series, the unit value of coal, coke and briquettes fell 16.5% between March 2023 and April 2023 and fell 5.1% between April 2023 and May 2023.

In the balance of payments series, the unit value of coal, coke and briquettes fell 5.7% between March 2023 and April 2023 and fell 5.9% between April 2023 and May 2023.

International merchandise trade exports data presented in this publication are based on information reported 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 current price, original 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 change of 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.

Revisions

Confidential Commodities List

COVID-19 in this publication

Data downloads

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Time series spreadsheets

Data files

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices
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Table 2. Goods and services, summary - original, current prices
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Table 3. Goods credits, original, current prices
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Table 4. Goods debits, original, current prices
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Table 5. Goods credits, seasonally adjusted, current prices
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Table 6. Goods debits, seasonally adjusted, current prices
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Table 7. Goods credits, trend estimates, current prices
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Table 8. Goods debits, trend estimates, current prices
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Table 9. Services, summary - original, current prices
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Table 10. Services, summary - seasonally adjusted and trend estimates, current prices
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Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value
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Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value
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Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value
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Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value
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Table 14a. Merchandise exports, by country, FOB value
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Table 14b. Merchandise imports, by country, customs value
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Table 15a. Merchandise exports, state and Australia, FOB value
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Table 15b. Merchandise imports, state and Australia, customs value
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Table 16. Period average exchange rates, units of foreign currency per Australian dollar
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Table 17. Summary of revisions, goods and services
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Table 31. Merchandise exports, broad economic category, FOB value
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Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value
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Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value
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Table 33. Merchandise imports, broad economic category, customs value
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Table 34. Merchandise imports, balance of payments broad economic category, customs value
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Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value
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Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value
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Table 36a. Merchandise exports, state of origin New South Wales, by country, FOB value
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Table 36b. Merchandise exports, state of origin Victoria, by country, FOB value
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Table 36c. Merchandise exports, state of origin Queensland, by country, FOB value
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Table 36d. Merchandise exports, state of origin South Australia, by country, FOB value
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Table 36e. Merchandise exports, state of origin Western Australia, by country, FOB value
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Table 36f. Merchandise exports, state of origin Tasmania, by country, FOB value
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Table 36g. Merchandise exports, state of origin Northern Territory, by country, FOB value
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Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country, FOB value
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Table 36i. Merchandise exports, state of origin not available, by country, FOB value
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Table 36j. Merchandise exports, re-exports, by country, FOB value
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Table 37a. Merchandise imports, state of destination New South Wales, by country, customs value
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Table 37b. Merchandise imports, state of destination Victoria, by country, customs value
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Table 37c. Merchandise imports, state of destination Queensland, by country, customs value
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Table 37d. Merchandise imports, state of destination South Australia, by country, customs value
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Table 37e. Merchandise imports, state of destination Western Australia, by country, customs value
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Table 37f. Merchandise imports, state of destination Tasmania, by country, customs value
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Table 37g. Merchandise imports, state of destination Northern Territory, by country, customs value
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Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country, customs value
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Table 37i. Merchandise imports, state of destination not available, by country, customs value
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Table 91. Monthly combined seasonal adjustment factors
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Table 92. Confidential commodities list
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Data Cubes

Data files

Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)
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Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)
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Previous catalogue number

This release previously used catalogue number 5368.0.

Methodology

International Trade in Goods and Services, Australia methodology, May 2023

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APA

International Trade in Goods and Services, Australia

APA

Key statistics

Monthly Travel Services debits (imports) estimates now labelled as preliminary

Trade overview

Key Figures, Seasonally Adjusted

Balance on goods and services

Balance on goods and services

Balance on goods and services

Balance on goods and services(a), seasonally adjusted

Goods and services credits

Goods credits (exports), seasonally adjusted

Chart

Goods credits, seasonally adjusted

Rural goods

Non-rural goods

Services credits

Chart

Services credits, seasonally adjusted

Goods and services debits

Goods debits (imports), seasonally adjusted

Chart

Goods debits(a), seasonally adjusted

Consumption goods

Capital goods

Intermediate and other merchandise goods

Services debits

Chart

Services debits(a), seasonally adjusted

Supplementary information

Selected commodities

Value adjustments

Revisions

Confidential Commodities List

COVID-19 in this publication

Data downloads

Time series spreadsheets

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices

Table 2. Goods and services, summary - original, current prices

Table 3. Goods credits, original, current prices

Table 4. Goods debits, original, current prices

Table 5. Goods credits, seasonally adjusted, current prices

Table 6. Goods debits, seasonally adjusted, current prices

Data Cubes

Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)

Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)

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Previous catalogue number

Methodology

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