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5368.0 - International Trade in Goods and Services, Australia, Dec 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/02/2006   
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INTERNATIONAL TRADE IN SERVICES BY PARTNER COUNTRY

INTRODUCTION

This article provides preliminary calendar year data for 2005 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 2005 not yet available. As the data is preliminary care should be exercised in interpreting the data. More comprehensive and updated estimates for 2005 will be published with the March 2006 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0).

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.

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). This publication can be accessed on the ABS web site (www.abs.gov.au).


Analysis of Australian trade with selected partner countries

In the calendar year 2005 Australia recorded a deficit of $1.5 billion in the balance on services. The largest trade in services deficit was recorded with United States of America at $2.0 billion. Deficits were recorded for most European trading partners, with the exception of small surpluses with Belgium and Luxembourg, Ireland, Norway and Sweden. Australia recorded surpluses with a number of its Asian trading partners, the largest being with Japan at $1.3 billion, China at $1.2 billion and Korea at $0.9 billion, although the balance of trade with the Association of South East Asian Nations (ASEAN) recorded an overall deficit of $1.1 billion in 2005.

In terms of Australia's service exports, the top 6 countries, United States of America, United Kingdom, Japan, New Zealand, China and Singapore, contributed 52% of the total export value. For Australia's services imports, the top 6 countries, United States of America, United Kingdom, Singapore, New Zealand, Japan and Hong Kong contributed 50% to the total import value.


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, 2005, PRELIMINARY(a)

Country
Balance on Services
Exports (Credits)
Imports (Debits)
$m
$m
$m
Belgium and Luxembourg
120
165
-45
Brunei Darussalam
-21
46
-67
Canada
-154
504
-658
Central America and Caribbean
-155
34
-189
Chile
-40
19
-58
China
1,243
2,419
-1,177
Fiji
-581
128
-708
France
-318
413
-731
Germany
-356
932
-1,288
Greece
-253
33
-286
Hong Kong
-246
1,372
-1,618
India
651
937
-286
Indonesia
-270
698
-968
Ireland
133
373
-240
Italy
-281
241
-522
Japan
1,255
3,223
-1,969
Korea
886
1,187
-301
Malaysia
203
1,067
-865
Mexico
12
39
-27
Netherlands
-19
500
-519
New Zealand
600
2,680
-2,080
Norway
31
193
-161
Papua New Guinea
184
378
-193
Peru
-9
8
-17
Philippines
-129
144
-273
Russian Federation
-3
46
-49
Singapore
-398
2,384
-2,782
South Africa
-16
233
-249
Sweden
153
230
-78
Switzerland
-597
452
-1,049
Taiwan
160
410
-250
Thailand
-320
534
-854
United Arab Emirates
-433
475
-908
United Kingdom
-181
4,211
-4,392
United States of America
-1,972
4,453
-6,425
Vietnam
-179
219
-398
Africa nes
128
316
-188
America nes
74
216
-142
Asia nes
-32
1,216
-1,248
Europe nes
-993
969
-1,962
Oceania nes
-142
284
-426
Unallocated
745
2,741
-1,996
Total all countries
-1,518
37,121
-38,639
Country Groups
APEC
803
21,830
-21,027
ASEAN
-1,132
5,131
-6,264
EU
-1,574
7,817
-9,391
OECD
-1,522
20,535
-22,057
Middle East
-625
707
-1,332
South Asia
875
1,273
-398
Latin America
20
243
-223

(a) Where figures have been rounded, discrepancies may occur between the sums of the component items and totals.

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, Brazil, 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.

Eurpoean 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.



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