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5368.0 - International Trade in Goods and Services, Australia, Apr 2003  
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Feature Article - International Trade in Services by Partner Country, 2002


This article is associated with International Trade in Goods and Services, Australia (ABS cat. no. 5368.0) April 2003

Introduction

This article provides calendar year 2002 data for Australia's international trade in services with selected major trading partners

Table F1 presents Australia's international trade in services, for credits (exports) and debits (imports), for 2002, by the three broad service categories that are traded.


Interpretation of data

The quality of statistics of international trade in services by partner country is considered to be good, although there are occasional difficulties due to lack of information or the confidentiality of the data for trading partners involved. Therefore about 7% of total credits and debits shown in Table F1 remain unallocated.

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

Table F1 shows that, in the calendar year 2002, Australia recorded a deficit of $1.2 billion in the balance on services. This was an increase of $0.4 billion on the deficit for 2001.

The largest contribution to the overall deficit on services was the United States of America with a deficit of $1.1 billion. Deficits were recorded for most European trading partners, with Switzerland recording the largest deficit at $0.6 billion. Australia recorded surpluses with a number of its Asian trading partners, the largest being with Japan at $1.7 billion. Australia also recorded a surplus with New Zealand ($0.5 billion).


Further information

Further information and longer time series for both calendar and financial year data by partner country can be obtained by contacting Kevin Yeadon on Canberra 02 6252 6255, or fax 02 6252 8003, or email at k.yeadon@abs.gov.au.


Abbreviations

APECAsia Pacific Economic Co-operation
ASEANAssociation of South East Asian Nations
EUEuropean Union
OECDOrganisation for Economic Co-operation and Development
n.p.Not available for publication, but included in totals where applicable.




TABLE F1: INTERNATIONAL TRADE IN SERVICES BY SELECTED COUNTRIES AND COUNTRY GROUPS, 2002

CREDITS (EXPORTS)DEBITS (IMPORTS)
Balance on services
Total services
Trans-
portation
Travel
Other
Total services
Trans-
portation
Travel
Other
Country
$m
$m
$m
$m
$m
$m
$m
$m
$m

Belgium and Luxembourg
94
131
n.p.
38
n.p.
-37
n.p.
-17
n.p.
Brunei Darussalam
-29
22
n.p.
10
n.p.
-51
n.p.
-11
n.p.
Canada
4
407
52
310
45
-403
-75
-263
-66
Central America and Caribbean
-236
11
0
4
7
-247
n.p.
-26
n.p.
Chile
-53
24
n.p.
19
n.p.
-76
n.p.
-28
n.p.
China, People's Republic of
47
927
91
703
133
-880
-292
-390
-197
Fiji
-263
130
41
62
27
-394
-62
-207
-125
France
-123
345
n.p.
179
n.p.
-468
n.p.
-308
n.p.
Germany
-525
753
219
451
83
-1,279
-826
-211
-243
Greece
-190
51
n.p.
23
n.p.
-241
n.p.
-167
n.p.
Hong Kong (SAR of China)
-428
1,407
289
562
556
-1,835
-599
-518
-718
Indonesia
326
939
151
616
172
-613
-296
-249
-68
Ireland, Republic of
21
244
0
164
80
-223
n.p.
-159
n.p.
Italy
-245
243
70
153
20
-489
n.p.
-420
n.p.
Japan
1688
3,486
1,153
1,969
364
-1,798
-957
-310
-530
Korea, Republic of
460
771
109
607
55
-311
-143
-66
-102
Malaysia
88
843
107
600
136
-755
-425
-279
-51
Mexico
-21
15
n.p.
12
n.p.
-36
0
-33
-2
Netherlands
-124
306
n.p.
178
n.p.
-430
-24
-78
-328
New Zealand
505
2,167
536
1,194
437
-1,662
-484
-868
-310
Papua New Guinea
67
225
n.p.
82
n.p.
-157
n.p.
-99
n.p.
Peru
12
28
0
28
0
-16
n.p.
n.p.
n.p.
Philippines
-59
126
0
65
61
-185
n.p.
-122
n.p.
Russian Federation
-57
57
n.p.
39
n.p.
-114
n.p.
-43
n.p.
Singapore
-511
2,133
863
790
480
-2,644
-2,074
-386
-185
South Africa
10
179
n.p.
112
n.p.
-169
-68
-82
-19
Sweden
98
177
0
131
46
-79
n.p.
-41
n.p.
Switzerland
-618
406
n.p.
160
n.p.
-1,023
-722
-65
-237
Taiwan
216
355
28
307
20
-140
-29
-102
-9
Thailand
-356
472
n.p.
333
n.p.
-828
-286
-523
-19
United Kingdom
-55
3,607
759
1,901
947
-3,661
-868
-1,523
-1,270
United States of America
-1139
4,774
754
1,371
2,649
-5,913
-628
-1,412
-3,873
Viet Nam
-161
176
5
99
72
-337
-51
-270
-16
Africa n.e.s.
-267
198
91
71
36
-465
n.p.
-393
n.p.
America n.e.s.
19
139
14
112
13
-120
n.p.
-68
n.p.
Asia n.e.s.
97
1,455
274
697
484
-1,358
-666
-450
-242
Europe n.e.s.
-180
995
274
560
161
-1,176
-265
-726
-184
Oceania n.e.s.
-110
210
43
119
48
-320
-31
-258
-32
Unallocated
814
2,684
1,749
40
1,943
-1,870
-1133
-76
-1,725
Total all countries
-1183
31,619
7,672
14,871
9,076
-32,802
-11,004
-11,247
-10,551
APEC
533
19,287
4,250
9,716
5,321
-18,754
-6,474
-5,988
-6,292
ASEAN
-709
4,708
1,200
2,513
995
-5,417
-3,174
-1,839
-404
EU
-1363
6,124
1,279
3,343
1,502
-7,487
-2,055
-3,270
-2,162
OECD
-521
18,245
4,047
9,026
5,172
-18,766
-5,070
-6,378
-7,318



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