The seasonally adjusted balance on goods and services surplus increased $1,641m to $7,456m in October.
Exports of goods and services rose $1,819m (5%) to $35,720m.
Imports of goods and services rose $178m (1%) to $28,264m.
Main features
Key figures, Seasonally adjusted
Aug-20 ($m)
Sep-20 ($m)
Oct-20 ($m)
Change Sep-20 – Oct-20 ($m)
Change Sep-20 – Oct-20 (%)
Balance on goods and services
3 014
5 815
7 456
1 641
n/a
Goods and services credits
33 041
33 901
35 720
1 819
5
Goods and services debits
-30 027
-28 086
-28 264
178
1
Balance on goods and services
In seasonally adjusted terms, the balance on goods and services was a surplus of $7,456m in October 2020, an increase of $1,641m on the surplus in September 2020.
Goods and services summary (a), Seasonally adjusted
Aug-20 ($m)
Sep-20 ($m)
Oct-20 ($m)
Change Sep-20 – Oct-20 ($m)
Change Sep-20 – Oct-20 (%)
Balance on goods and services
3 014
5 815
7 456
1 641
n/a
Total goods and services credits
33 041
33 901
35 720
1 819
5
Total goods credits
27 958
28 701
30 545
1 844
6
Total services credits
5 083
5 200
5 175
-25
–
Total goods and services debits
-30 027
-28 086
-28 264
178
1
Total goods debits
-26 287
-24 410
-24 572
162
1
Total services debits
-3 740
-3 677
-3 692
15
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The full text of this article is available to MacroBusiness subscribers
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
