5368.0 - International Trade in Goods and Services, Australia, May 2004
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/06/2004
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Australian-owned Businesses abroad earnt $126 billion in 2002-03
Australian-owned businesses abroad earnt $126 billion from sales of goods and services in 2002–03, according to preliminary experimental estimates released today by the Australian Bureau of Statistics (ABS).
Manufacturing was the dominant industry with sales of $33 billion and employing around one-third (96,209 people) of the total Australian-owned businesses abroad workforce.
Of the 3,450 Australian-owned businesses abroad:
These figures are part of an ABS initiative to improve globalisation statistics for Australia and come from a new Survey of Outward Foreign Affiliates Trade. Final results will be released later this year.
Further information is in the special article Australian Outward Foreign Affiliates Trade, 2002-03, published in today's release of International Trade in Goods and Services, Australia, May 2004 (cat. no. 5368.0).
Media Note: An overseas affiliate is a business that is more than 50% owned by an Australian resident parent.
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