Australian trade balance a deficit of $1,373m in June 2007


The provisional trend estimate of the balance on goods and services was a deficit of $1,373m in June 2007, an increase of $59m on the revised deficit in May, mainly as a result of an increase in goods and services debits.

SEASONALLY ADJUSTED ESTIMATES
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,751m in June, an increase of $781m on the revised deficit in May.
Goods and services credits fell $632m (3%) to $17,962m. Non-rural and other goods fell $577m (5%) and rural goods fell $82m (4%). Services credits rose $26m (1%).
Goods and services debits rose $149m (1%) to $19,713m. Intermediate and other goods rose $342m (5%) while capital goods fell $186m (5%) and consumption goods fell $18m. Services debits rose $10m.

ORIGINAL ESTIMATES
In original terms, the June 2007 balance on goods and services was a deficit of $1,703m, an increase of $925m on the revised deficit in May. Goods and services credits fell $858m (5%) and goods and services debits rose $67m.

2006-07 SITUATION
For 2006-07, the balance on goods and services was a deficit of $12.0b. This is a decrease of $2.5b on the 2005-06 deficit resulting from a $19.6b (10%) increase in exports offset by a $17.1b (8%) increase in imports of goods and services.
Exports of non-rural and other goods were up $15.4b (12%) while rural goods were down $0.2b (1%) compared to 2005-06.


Australian Bureau of Statistics
8/1/2007 1:49:51 PM