In trend terms, the balance on goods and services was a surplus of $1,112m in March 2018, an increase of $317m on the surplus in February 2018.

In seasonally adjusted terms, the balance on goods and services was a surplus of $1,527m in March 2018, an increase of $178m on the surplus in February 2018.

In seasonally adjusted terms, goods and services credits rose $488m (1%) to $34,840m. Non-rural goods rose $191m (1%), non-monetary gold rose $131m (8%) and rural goods rose $126m (3%). Net exports of goods under merchanting fell $1m (14%). Services credits rose $41m (1%).