ABS Update: Trade surplus of $5,800 million


In seasonally adjusted terms, the balance on goods and services was a surplus of $5,800 million in November 2019. This is an increase of $1,725 million from the surplus in October 2019, up 42%.

Goods and services credits rose to $40,893 million, up by 2%. Non-rural goods rose by $718 million and rural goods rose by $9 million. Service credits also rose by $99 million. Net exports of goods under merchanting remained steady at $5 million while non-monetary gold fell by $120 million. From October 2019 to November 2019, credits rose 2% overall

Consumption goods debits fell 7%, capital goods fell 4%, intermediate and other merchandise goods fell 1% and services debits fell 1%. However, non-monetary gold debits rose by 2%. From October 2019 to November 2019, debits fell by 3%.


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