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5368.0 - International Trade in Goods and Services, Australia, Dec 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/02/2007   
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FEATURE ARTICLE: INTERNATIONAL TRADE IN SERVICES BY PARTNER COUNTRY, 2006, PRELIMINARY




INTRODUCTION

This article provides preliminary calendar year data for 2006 for Australia's international trade in services, for exports (credits) and imports (debits), by selected trading partners.


INTERPRETATION OF DATA

Data released in this article is preliminary, with final data for the December quarter 2006 not yet available. As the data is preliminary, care should be exercised in interpreting the data. More comprehensive and updated estimates for 2006 will be published with the March 2007 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0).

As well as these data being preliminary, there are occasional difficulties in allocating data to a country due to lack of information or the confidentiality of the data for trading partners involved.

A comprehensive explanation of the data sources used and the methodology applied in the compilation of partner country statistics is provided in Chapter 17 of Balance of Payments and International Investment Position, Australia - Concepts, Sources and Methods (cat. no. 5331.0).


ANALYSIS OF AUSTRALIAN TRADE WITH SELECTED PARTNER COUNTRIES

In the calendar year 2006 Australia recorded a surplus of $1.0 billion in the balance on services. The largest trade in services surplus was recorded with China at $2.2 billion. As well as China, Australia recorded surpluses with a number of its Asian trading partners, including Korea at $1.2 billion and India at $1.1 billion, although the balance of trade with the Association of South East Asian Nations (ASEAN) recorded an overall deficit of $1.3 billion in 2006, this was due in part to a deficit with Singapore of $1.2 billion.

Deficits were recorded for most European trading partners, with the exception of a surplus of $0.7billion with the United Kingdom, and small surpluses with Belgium and Luxembourg, Ireland, and Sweden.

In terms of Australia's service exports, the top 6 economies, United States of America, United Kingdom, China, Japan, New Zealand and Singapore, contributed 51% of the total export value, a further 7% was unallocated. For Australia's service imports, the top 6 economies, United States of America, Singapore, United Kingdom, New Zealand, Japan and Hong Kong contributed 50% of the total import value, a further 6% was unallocated.


FURTHER INFORMATION

Further information and longer time series for both calendar and financial year data by partner country can be obtained by contacting Michelle Cooper on Canberra 02 6252 5336 or email michelle.cooper@abs.gov.au.

INTERNATIONAL TRADE IN SERVICES BY SELECTED COUNTRIES AND COUNTRY GROUPS, 2006, PRELIMINARY


Balance on Services
Exports (Credits)
Imports (Debits)
Country
$m
$m
$m
Belgium and Luxembourg
83
149
-66
Brazil
210
244
-34
Brunei Darussalam
-23
47
-70
Canada
36
666
-630
Central America and Caribbean
-184
41
-225
Chile
-51
63
-114
China
2 175
3 349
-1 174
Fiji
-634
158
-792
France
-182
512
-694
Germany
-465
849
-1 314
Greece
-231
31
-262
Hong Kong
-61
1 630
-1 691
India
1 143
1 520
-377
Indonesia
282
846
-564
Ireland
89
340
-251
Italy
-348
279
-627
Japan
889
3 096
-2 207
Korea
1 196
1 614
-418
Malaysia
354
1 214
-860
Mexico
15
43
-28
Netherlands
-125
431
-556
New Zealand
812
3 057
-2 245
Norway
-39
193
-232
Papua New Guinea
149
387
-238
Peru
-1
18
-19
Philippines
-83
197
-280
Russian Federation
-6
65
-71
Singapore
-1 236
2 794
-4 030
South Africa
-24
275
-299
Sweden
151
241
-90
Switzerland
-702
501
-1 203
Taiwan
218
495
-277
Thailand
-514
699
-1 213
United Arab Emirates
-565
446
-1 011
United Kingdom
654
4 561
-3 907
United States of America
-1 920
5 554
-7 474
Vietnam
-97
305
-402
Africa nes
267
495
-228
America nes
19
196
-177
Asia nes
325
1 613
-1 288
Europe nes
-1 144
1 137
-2 281
Oceania nes
-154
333
-487
Unallocated
723
3 124
-2 401
Total all countries
1 003
43 808
-42 805
Country Groups
APEC
2 136
26 139
-24 003
ASEAN
-1 337
6 155
-7 492
EU
-1 454
8 233
-9 687
OECD
-896
22 921
-23 817
Middle East
-632
824
-1 456
South Asia
1 578
2 096
-518
Latin America
149
475
-326
Gulf Cooperation Council
-515
612
-1 127


COMPOSITION OF COUNTRY GROUPS


Central America and Caribbean
Includes Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Costa Rica, Cuba, Dominica, Dominican Republic, El Salvador, Grenada, Guadeloupe, Guatemala, Haiti, Honduras, Jamaica, Martinique, Montserrat, Netherlands Antilles, Nicaragua, Panama, Puerto Rico, St Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos Islands and United States Virgin Islands.

Africa N.E.S
Includes Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Democratic Republic of Congo, Cote d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Morocco, Mozambique, Namibia, Niger, Nigeria, Reunion, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, St Helena, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia and Zimbabwe.

America N.E.S.
Includes Argentina, Bolivia, Colombia, Ecuador, Falkland Islands, French Guiana, Guyana, Paraguay, St Pierre and Miquelon, Suriname, Uruguay and Venezuela.

Asia N.E.S.
Includes Afghanistan, Armenia, Azerbaijan, Bahrain, Bangladesh, Bhutan, British Indian Ocean Territory, Burma (Myanmar), Cambodia, East Timor, Gaza Strip and West Bank, Georgia, Iran, Iraq, Israel, Jordan, Kazakhstan, Democratic People's Republic of Korea (North), Kuwait, Kyrgyz Republic, Laos, Lebanon, Macau (SAR of China), Maldives, Mongolia, Nepal, Oman, Pakistan, Qatar, Saudi Arabia, Sri Lanka, Syria, Tajikistan, Turkmenistan, Uzbekistan, Vietnam and Yemen.

Europe N.E.S.
Includes Albania, Austria, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faeroe Islands, Finland, Former Yugoslav Republic of Macedonia, Gibraltar, Greenland, Hungary, Iceland, Latvia, Lithuania, Malta, Moldova, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Turkey, Ukraine and Yugoslavia.

Oceania N.E.S.
Includes American Samoa, Cook Islands, French Polynesia, French Southern and Antarctic Territory, Guam, Johnston and Sand Islands, Kiribati, Marshall Islands, Federated States of Micronesia, Midway Islands, Nauru, New Caledonia, Niue, Northern Mariana Islands, United States Pacific Islands n.i.e., Palau, Pitcairn, Samoa, Solomon Islands, Tokelau, Tonga, Tuvalu, Vanuatu, Wake Island and Wallis and Futuna.

Asia Pacific Economic Cooperation (APEC)
Includes Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong (SAR of China), Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Taiwan, Thailand, United States of America and Vietnam.

Association of South East Asian Nations (ASEAN)
Includes Brunei Darussalam, Burma (Myanmar), Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam.

European Union (EU)
Includes Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Republic of Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden and United Kingdom.

Organisation for Economic Cooperation and Development (OECD)
Includes Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Republic of Ireland, Italy, Japan, Republic of Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Spain, Slovak Republic, Sweden, Switzerland, Turkey, United Kingdom and United States of America.

Middle East
Includes Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestinian Territories, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.

South Asia
Includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

Latin America
Includes Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Falkland Islands, French Guiana, Guatemala, Guyana, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay and Venezuela.

Gulf Cooperation Council
Includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.

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