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1301.0 - Year Book Australia, 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2007   
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Contents >> International Accounts and Trade >> International trade in services

INTERNATIONAL TRADE IN SERVICES

International trade in services covers all services rendered by Australian residents to non-residents (exports) and by non-residents to residents (imports), where services are broadly defined as products other than tangible goods. As international trade in services covers a diverse range of activities, a variety of data sources and methods is used to compile estimates of the different service types.

CONCEPTUAL FRAMEWORK

Australia's international trade in services statistics are compiled in accordance with the International Monetary Fund's Balance of Payments Manual, fifth edition (BPM5). More information on the concepts, sources and methods used to produce Australia's international trade in services statistics is included in Balance of Payments and International Investment Position, Australia: Concepts, Sources and Methods, 1998 (5331.0).

CLASSIFICATION

The international standard for the classification of international trade in services is defined in the BPM5 framework. This framework has been further elaborated in the 'Extended Balance of Payments Services Classification', as detailed in the UN publication Manual on Statistics of International Trade in Services, 2002.

International trade in services statistics are compiled for transportation, travel, communications, construction, computer and information services, royalties and licence fees, other business services, personal, cultural and recreational services and government services. Some information is also available by partner country and state.

STATISTICAL OVERVIEW

In current price terms, Australia's international trade in services balance in 2005-06 recorded a deficit of $0.7b, a decrease of $0.8b on the $1.5b deficit recorded in 2004-05. Services exports (credits) rose $1.7b (4.7%) to $38.2b and services imports (debits) rose $0.9b to $38.9b (2.4%). Table 30.22 provides details of Australia's international trade in services by service type.

The largest country contributor to the overall deficit in 2004-05 on services was the United States of America, with a deficit of $2.0b. Deficits were recorded for most European trading partners, with Switzerland the largest at $0.6b. Australia recorded a net surplus with a number of its Asian trading partners, the largest being with Japan at $1.3b. Australia also recorded a net surplus of $0.6b with New Zealand. Table 30.23 provides details of Australia's international trade in services by partner country and country groups.



30.22 INTERNATIONAL TRADE IN SERVICES, By service type

2001-02
2002-03
2003-04
2004-05
2005-06
$m
$m
$m
$m
$m

EXPORTS

Transportation services
7,665
7,458
7,602
8,074
8,313
Passenger(a)
6,664
6,538
6,772
7,298
7,693
Freight
1,001
920
830
776
620
Other(a)
n.p.
n.p.
n.p.
n.p.
n.p.
Travel services
17,223
16,850
18,300
19,068
20,099
Business
1,234
1,196
1,339
1,316
1,436
Personal
15,989
15,654
16,961
17,752
18,663
Communications services(b)
927
1,082
834
768
737
Construction services
101
85
84
83
137
Insurance services
673
673
686
684
704
Financial services
966
984
995
1,004
1,004
Computer and information services
981
1,091
1,125
1,149
1,028
Royalties and licence fees
515
618
622
652
711
Other business services
3,391
3,638
3,566
3,710
4,075
Merchanting and other trade-related
549
509
632
652
737
Operational leasing
26
27
23
19
34
Miscellaneous business, professional and technical
2,816
3,102
2,911
3,039
3,304
Personal, cultural and recreational services
598
610
523
428
521
Government services n.e.i.
788
802
835
867
874
Total
33,828
33,891
35,172
36,487
38,203

IMPORTS

Transportation services
-10,776
-10,960
-11,634
-13,203
-13,728
Passenger
-4,182
-4,248
-4,790
-4,827
-5,153
Freight
-5,626
-5,808
-6,056
-7,500
-7,779
Other
-968
-904
-788
-876
-796
Travel services
-10,925
-11,013
-12,581
-14,585
-14,678
Business
-1,986
-1,990
-2,143
-2,206
-2,094
Personal
-8,939
-9,023
-10,438
-12,379
-12,584
Communications services(b)
-1,451
-1,407
-879
-694
-648
Construction services
-
-
-
-
-
Insurance services
-856
-856
-874
-872
-900
Financial services
-612
-585
-587
-584
-600
Computer and information services
-884
-967
-1,009
-1,043
-992
Royalties and license fees
-1,791
-1,828
-1,978
-2,050
-2,220
Other business services
-3,812
-3,746
-3,499
-3,222
-3,357
Merchanting and other trade-related
-334
-369
-192
-217
-208
Operational leasing
-948
-955
-916
-698
-703
Miscellaneous business, professional and technical
-2,530
-2,422
-2,391
-2,307
-2,446
Personal, cultural and recreational services
-882
-846
-883
-998
-982
Government services n.e.i.
-649
-684
-756
-760
-801
Total
-32,638
-32,892
-34,680
-38,011
-38,906

(a) Passenger transportation exports includes other transportation services.
(b) Communication services includes other services n.e.i.
Source: Balance of Payments and International Investment Position, Australia (5302.0).

30.23 SERVICE EXPORTS AND IMPORTS, By country and country group(a)

Exports
Imports


Balance of trade(b)
2003-04
2004-05
2003-04
2004-05
2004-05
$m
$m
$m
$m
$m

Belgium and Luxembourg
149
177
36
41
136
Brunei Darussalam
38
45
50
61
-16
Canada
461
491
480
639
-148
Central America and Caribbean
47
40
204
218
-178
Chile
16
19
45
57
-38
China (excl. SARs and Taiwan prov.)
1,883
2,303
892
1,212
1,091
Fiji
128
131
614
710
-579
France
429
417
536
700
-283
Germany
893
924
1,228
1,305
-381
Greece
73
34
208
261
-227
Hong Kong (SAR of China)
1,423
1,385
1,408
1,582
-197
India
596
851
208
276
575
Indonesia
819
715
820
989
-274
Ireland
412
366
292
246
120
Italy
223
239
470
521
-282
Japan
3,170
3,268
1,924
1,935
1,333
Korea, Republic of (South)
1,069
1,141
400
294
847
Malaysia
977
1,019
656
797
222
Mexico
26
38
20
25
13
Netherlands
404
489
576
526
-37
New Zealand
2,405
2,686
1,997
2,118
568
Norway
257
193
178
163
30
Papua New Guinea
313
362
156
190
172
Peru
5
6
15
15
-9
Philippines
115
150
263
273
-123
Russian Federation
45
41
31
49
-8
Singapore
2,080
2,310
2,543
2,666
-356
South Africa
291
230
212
250
-20
Sweden
200
226
76
78
148
Switzerland
370
439
918
1,033
-594
Taiwan
431
398
236
221
177
Thailand
525
528
758
861
-333
United Kingdom
4,275
4,232
3,896
4,235
-3
United States of America
4,370
4,412
6,279
6,369
-1,957
Vietnam
188
203
316
388
-185
Africa n.e.s.
299
308
161
188
120
America n.e.s.
177
198
159
139
59
Asia n.e.s.
1,563
1,659
2,078
2,150
-491
Europe n.e.s.
920
957
1,423
1,831
-874
Oceania n.e.s.
286
287
461
418
-131
Unallocated
2,821
2,571
1,454
1,981
590
Total
35,172
36,487
34,680
38,011
-1,524
APEC
20,358
21,522
19,291
20,743
779
ASEAN
4,771
5,011
5,457
6,091
-1,080
EU
7,562
7,827
8,072
9,159
-1,332
OECD
19,873
20,460
20,441
21,699
-1,239

(a) At the time of compilation, final country data for 2005-06 were not available for inclusion.
(b) A negative sign indicates that services imports exceed services exports.
Source: International Trade in Goods and Services, Australia (5368.0).


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