ABS Update: Trade surplus for September 2019


The balance on goods and services was recorded at a surplus of $7,530 million in September 2019 in trend terms. This is an increase of $169 million on the surplus experienced in August 2019.

In seasonally adjusted terms, credits on goods and services rose 3%, now coming in at $43,215 million. Non-rural goods rose 2%, non-monetary gold rose 26% and rural goods rose 6%. Net exports of goods under merchanting remained steady at $15 million, while services credits rose 1%.

Debits on goods and services also rose 3%, now sitting at $36,034 million. Capital goods rose 12%, intermediate and other merchandise goods rose 4%, consumption goods rose 1% and service debits rose $22 million. Non-monetary gold, however, fell 34%. These figures are seasonally adjusted.


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