Balance on goods and services:

• In trend terms, the balance on goods and services was a deficit of $476m in december 2017, an increase of $313m on the deficit in november 2017.

• In seasonally adjusted terms, the balance on goods and services was a deficit of $1,358m in december 2017, a turnaround of $1,394m on the surplus in november 2017.

Credits (exports of goods and services):

In seasonally adjusted terms, goods and services credits rose $510m (2%) to $32,465m. Non-rural goods rose $719m (4%). Rural goods fell $144m (4%), non-monetary gold fell $9m (1%) and net exports of goods under merchanting fell $1m (2%). Services credits fell $54m (1%).