In trend terms, the balance on goods and services was a surplus of $1,956m in May 2017, a decrease of $363m on the surplus in April 2017.

In seasonally adjusted terms, the balance on goods and services was a surplus of $2,471m in May 2017, an increase of $2,381m on the surplus in April 2017.

In seasonally adjusted terms, goods and services credits rose $2,578m (9%) to $32,781m. Non-rural goods rose $2,333m (13%), rural goods rose $118m (3%) and non-monetary gold rose $42m (3%). Net exports of goods under merchanting remained steady at $27m. Services credits rose $84m (1%).