Australian trade balance a deficit of $807m in May


The provisional trend estimate of the balance on goods and services was a deficit of $1,023m in May 2007, a decrease of $19m on the revised deficit in April

Goods and services credits rose $102m (1%) to $18,402m. Goods and services debits rose $83m to $19,425m.

In seasonally adjusted terms, the balance on goods and services was a deficit of $807m in May, a decrease of $109m on the revised deficit in April.
Goods and services credits rose $545m (3%) to $18,727m. Non-rural and other goods rose $502m (4%) and rural goods rose $1m. Services credits rose $43m (1%).
Goods and services debits rose $437m (2%) to $19,534m. Capital goods rose $417m (13%) and intermediate and other goods rose $80m (1%) while consumption goods fell $73m (2%). Services debits rose $13m.

In original terms, the May 2007 balance on goods and services was a deficit of $654m, an increase of $135m on the revised deficit in April. Goods and services credits rose $864m (5%) and goods and services debits rose $999m (5%).
In the eleven months to May, exports of non-rural and other goods were up $15.7b (14%) and rural goods were up $0.1b on the corresponding period in 2005-06.


Australian Bureau of Statistics
7/6/2007 10:08:59 AM