In trend terms, the balance on goods and services was a surplus of $1,461m in April 2018, an increase of $300m on the surplus in March 2018.

In seasonally adjusted terms, the balance on goods and services was a surplus of $977m in April 2018, a decrease of $754m on the surplus in March 2018.

In seasonally adjusted terms, goods and services credits fell $763m (2%) to $34,188m. Non-rural goods fell $544m (2%), non-monetary gold fell $294m (16%) and rural goods fell $8m. Net exports of goods under merchanting rose $5m (83%). Services credits rose $78m (1%).