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Business

Goods and Services Exports Up 6% May 2010

Goods and Services Exports Up 6% May 2010

Australian Bureau of Statistics

MAY KEY POINTS

Victor P Taffa 

BALANCE ON GOODS AND SERVICES

  • The trend estimate of the balance on goods and services was a surplus of $1,306m in May 2010, an increase of $19m on the revised surplus in April 2010.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,645m in May 2010, an increase of $522m on the revised surplus in April 2010.

CREDITS (EXPORTS OF GOODS & SERVICES)

  • In seasonally adjusted terms, goods and services credits rose $1,397m (6%) to $24,725m. Non-monetary gold rose $772m (66%), non-rural goods rose $385m (2%), rural goods rose $235m (11%) and services credits rose $5m.

DEBITS (IMPORTS OF GOODS & SERVICES)

  • In seasonally adjusted terms, goods and services debits rose $875m (4%) to $23,080m. Capital goods rose $408m (10%), consumption goods rose $214m (4%), intermediate and other merchandise goods rose $182m (2%) and services debits rose $108m (2%). Non-monetary gold fell $36m (4%).

 

  • MAY KEY FIGURES
   

Mar 2010

Apr 2010

May 2010

Apr 10 to May 10

   

$m

$m

$m

% change


BALANCE ON GOODS AND SERVICES        
  Trend estimates

-1 296

1 287

1 306

. .

  Seasonally adjusted

-1 769

1 123

1 645

. .

CREDITS (Exports of goods & services)        
  Trend estimates

20 829

23 576

23 926

1

  Seasonally adjusted

20 528

23 328

24 725

6

DEBITS (Imports of goods & services)        
  Trend estimates

22 125

22 289

22 619

1

  Seasonally adjusted

22 297

22 205

23 080

4


. . not applicable