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1301.0 - Year Book Australia, 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003   
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Contents >> International Accounts and Trade >> International trade in services

In current price terms, net services for 2001-02 recorded a deficit of $1.2b, a reversal of $2.1b on the surplus recorded in 2000-01. Services credits decreased by $2.1b (7%) to $31.0b, mainly due to decreases in personal, cultural and recreational services, and personal travel services. This reflects the one-off impact of the Sydney Olympic Games in 2000-01. Services debits remained stable at $32.3b. Decreases in transportation, mainly freight, and business travel services were offset by an increase in other business services. Table 30.8 provides details of the international trade in services.

As shown in table 30.9, the main destinations for services exports (credits) in 1999-2000 (the latest year available for regional data) were the United States of America (16%), Japan (12%), the United Kingdom (11%), New Zealand (7%) and Singapore (6%). Significant growth has been recorded since 1994-95 in services exports to each of these markets except Japan. The main source countries for services debits in 1999-2000, as shown in table 30.10, were the United States of America (21%), the United Kingdom (12%), Japan (7%), Singapore (6%), New Zealand (5%) and Hong Kong (4%).


30.8 INTERNATIONAL TRADE IN SERVICES

1996-97
1997-98
1998-99
1999-2000
2000-01
2001-02
$m
$m
$m
$m
$m
$m

CREDITS

Services credits
24,226
25,206
26,242
28,317
33,204
31,039
Transportation services
6,648
6,611
6,803
6,865
8,062
7,625
Passenger
5,697
5,550
5,604
5,848
7,024
6,629
Freight
951
1,061
1,199
1,017
1,038
996
Other
n.p.
n.p.
n.p.
n.p.
n.p.
n.p.
Travel services
11,756
11,540
11,944
13,139
15,366
14,530
Business
675
893
1,009
1,040
1,166
1,121
Personal
11,081
10,647
10,935
12,099
14,200
13,409
Communications services
947
1,361
1,239
1,475
1,397
1,017
Construction services
70
31
18
23
68
98
Insurance services
772
840
859
766
709
673
Financial services
634
713
716
747
747
784
Computer and information services
277
532
676
668
797
989
Royalties and licence fees
376
449
488
572
626
508
Other business services
1,882
2,224
2,552
2,852
3,185
3,473
Merchanting and other trade-related
436
481
586
501
489
551
Operational leasing
10
8
8
15
16
28
Miscellaneous business, professional and technical
1,436
1,735
1,958
2,336
2,680
2,894
Personal, cultural and recreational services
304
352
388
475
1,514
569
Government services n.e.i.
560
553
559
735
733
773

DEBITS

Services debits
-24,152
-26,398
-28,026
-29,713
-32,299
-32,257
Transportation services
-8,439
-9,110
-9,367
-10,018
-11,352
-10,876
Passenger
-3,003
-3,224
-3,485
-3,876
-4,337
-4,276
Freight
-4,373
-5,013
-5,009
-5,257
-5,991
-5,626
Other
-1,063
-873
-873
-885
-1,024
-974
Travel services
-7,769
-8,372
-9,044
-9,836
-11,189
-11,043
Business
-2,286
-2,416
-2,239
-2,536
-2,854
-2,592
Personal
-5,483
-5,956
-6,805
-7,300
-8,335
-8,451
Communications services
-1,066
-1,407
-1,467
-1,664
-1,766
-1,551
Construction services
-
-
-
-
-
-
Insurance services
-1,012
-915
-922
-902
-878
-856
Financial services
-451
-442
-468
-527
-528
-556
Computer and information services
-253
-336
-424
-458
-417
-434
Royalties and license fees
-1,397
-1,519
-1,692
-1,805
-1,706
-1,835
Other business services
-2,699
-3,003
-3,253
-3,046
-3,070
-3,656
Merchanting and other trade-related
-362
-392
-329
-221
-248
-325
Operational leasing
-814
-864
-1,034
-942
-1,011
-952
Miscellaneous business, professional and technical
-1,523
-1,747
-1,890
-1,883
-1,811
-2,379
Personal, cultural and recreational services
-547
-702
-756
-808
-767
-801
Government services n.e.i.
-519
-592
-633
-649
-626
-649

Source: Balance of Payments and International Investment Position, Australia (5302.0).


30.9 SERVICES CREDITS, By country and country groups(a)

1994-95
1995-96
1996-97
1997-98
1998-99
1999-2000
$m
$m
$m
$m
$m
$m

COUNTRY

Belgium and Luxembourg
47
64
105
125
100
79
Brunei Darussalam
23
25
22
21
22
16
Canada
240
281
309
359
373
412
Central America and Caribbean
12
11
15
13
12
12
Chile
5
7
5
5
5
6
China, People’s Republic of
375
378
396
485
577
701
Fiji
80
72
62
117
112
155
France
197
169
207
192
224
250
Germany
591
576
665
724
731
769
Greece
42
52
49
47
55
48
Hong Kong (SAR of China)
863
1,072
1,054
1,032
979
984
Indonesia
840
971
1,029
922
836
807
Ireland, Republic of
61
69
77
96
126
165
Italy
177
184
244
250
289
241
Japan
3,425
3,658
3,688
3,489
3,239
3,313
Korea, Republic of
835
1,115
927
609
450
607
Malaysia
684
769
733
773
664
768
Mexico
9
4
4
4
15
7
Netherlands
192
163
211
254
282
300
New Zealand
1,254
1,418
1,666
1,794
1,821
2,041
Papua New Guinea
240
236
279
335
288
371
Philippines
161
182
189
192
144
143
Russian Federation
66
69
63
56
45
52
Singapore
1,277
1,241
1,256
1,197
1,340
1,665
South Africa
152
173
177
168
189
117
Sweden
80
94
99
106
164
184
Switzerland
259
261
261
278
300
323
Taiwan
679
702
570
535
453
421
Thailand
503
523
474
353
310
378
United Kingdom
1,922
2,040
2,171
2,475
2,836
3,109
United States of America
2,403
2,977
3,220
4,097
4,418
4,594
Africa n.e.s.
93
106
103
126
144
195
America n.e.s.
118
131
330
254
381
618
Asia n.e.s.
808
873
994
1,022
1,250
1,273
Europe n.e.s.
652
674
650
719
865
987
Oceania n.e.s.
260
264
274
191
220
247
International institutions
4
4
2
-
-
-
Unallocated
924
1,341
1,646
1,791
1,983
1,959
Total all countries
20,553
22,949
24,226
25,206
26,242
28,317

COUNTRY GROUPS

APEC(b)
13,816
15,559
15,821
16,202
15,967
17,336
ASEAN(c)
3,529
3,814
3,834
3,580
3,431
3,962
EU(d)
3,606
3,706
4,199
4,704
5,209
5,717
OECD(e)
11,423
12,524
14,432
15,464
15,961
17,097

(a) The ABS is currently unable to produce trade in services data by country for financial years after 1999-2000 due to delays in processing by the Department of Immigration and Multicultural and Indigenous Affairs of international airline passenger cards.
(b) 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. Peru, Russian Federation and Vietnam are included from 1998-99.
(c) ASEAN includes Brunei Darussalam, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam. Myanmar and Laos are included from July 1997. Cambodia is included from April 1999.
(d) EU includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and United Kingdom.
(e) 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, Sweden, Switzerland, Turkey, United Kingdom and United States of America. Czech Republic and Hungary are included from January 1996 and Republic of Korea and Poland are included from 1996-97.

Source: Balance of Payments, Australia - Regional Series (5338.0).


30.10 SERVICES DEBITS, By country and country groups(a)

1994-95
1995-96
1996-97
1997-98
1998-99
1999-2000
$m
$m
$m
$m
$m
$m

COUNTRY

Belgium and Luxembourg
-107
-86
-68
-108
-72
-89
Brunei Darussalam
-9
-10
-7
-10
-11
-11
Canada
-301
-318
-319
-298
-319
-389
Central America and Caribbean
-202
-197
-163
-119
-33
-26
Chile
-16
-21
-18
-65
-19
-27
China, People’s Republic of
-443
-458
-447
-592
-612
-621
Fiji
-176
-190
-178
-209
-322
-355
France
-270
-272
-290
-404
-348
-386
Germany
-507
-503
-530
-710
-857
-888
Greece
-237
-230
-217
-234
-239
-272
Hong Kong (SAR of China)
-999
-1,090
-1,266
-1,248
-1,185
-1,285
Indonesia
-485
-549
-706
-691
-587
-526
Ireland, Republic of
-97
-110
-142
-174
-152
-182
Italy
-385
-433
-541
-525
-499
-429
Japan
-1,714
-1,508
-1,545
-1,308
-1,690
-2,048
Korea, Republic of
-262
-303
-283
-257
-285
-207
Malaysia
-483
-524
-626
-694
-746
-743
Mexico
-11
-13
-16
-17
-22
-25
Netherlands
-538
-408
-411
-501
-523
-593
New Zealand
-950
-1,063
-1,149
-1,360
-1,451
-1,543
Papua New Guinea
-134
-162
-174
-222
-150
-162
Philippines
-111
-122
-144
-222
-164
-165
Russian Federation
-150
-116
-81
-61
-53
-40
Singapore
-1,196
-1,237
-1,200
-1,207
-1,699
-1,934
South Africa
-103
-118
-155
-193
-195
-168
Sweden
-166
-128
-100
-183
-88
-74
Switzerland
-462
-511
-569
-621
-723
-702
Taiwan
-142
-152
-155
-186
-122
-136
Thailand
-384
-435
-403
-501
-554
-625
United Kingdom
-3,560
-3,826
-3,874
-3,613
-3,249
-3,680
United States of America
-4,332
-4,590
-4,949
-5,521
-5,745
-6,247
Africa n.e.s.
-130
-149
-163
-183
-266
-338
America n.e.s.
-117
-154
-217
-298
-380
-391
Asia n.e.s.
-746
-622
-607
-821
-1,038
-1,122
Europe n.e.s.
-1,089
-1,084
-876
-1,066
-1,097
-921
Oceania n.e.s.
-158
-164
-155
-216
-213
-231
International institutions
-
-
-
-
-
-
Unallocated
-1,165
-1,493
-1,408
-1,760
-2,317
-2,131
Total all countries
-22,337
-23,349
-24,152
-26,398
-28,026
-29,713

COUNTRY GROUPS

APEC(b)
-11,972
-12,555
-13,407
-14,399
-15,473
-16,748
ASEAN(c)
-2,791
-3,068
-3,293
-3,551
-4,063
-4,237
EU(d)
-6,154
-6,373
-6,448
-6,852
-6,434
-6,971
OECD(e)
-14,430
-14,767
-15,633
-16,634
-17,081
-18,348

(a) The ABS is currently unable to produce trade in services data by country for financial years after 1999-2000 due to delays in processing by the Department of Immigration and Multicultural and Indigenous Affairs of international airline passenger cards.
(b) 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. Peru, Russian Federation and Vietnam are included from 1998-99.
(c) ASEAN includes Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Myanmar and Laos are included from July 1997. Cambodia is included from April 1999.
(d) EU includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and United Kingdom.
(e) 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, Sweden, Switzerland, Turkey, United Kingdom and United States of America. Czech Republic and Hungary are included from January 1996 and Republic of Korea and Poland are included from 1996-97.

Source: Balance of Payments, Australia - Regional Series (5338.0).


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