5363.0 - Balance of Payments and International Investment Position, Australia, 1997-98
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 21/05/1999
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USA regains top spot in Australia's service exports market
The main market for Australia's services exports in 1997-98 was the United States of America, taking $3.9 billion or 15% of total service exports, according to the publication Balance of Payments and International Investment Position, Australia released today by the Australian Bureau of Statistics.
Services exports to the USA were up $835 million on the previous year, with increases across all major commodities. The USA regains the top market ranking it last held in 1987-88, taking over from Japan which had been the largest destination for Australia's trade in services for the past nine years.
Japan comes in at number two, taking $3.1 billion (12% of total service exports) and the United Kingdom is the third largest market, at $2.3 billion (9% of total service exports).
Other highlights from the publication include:
Further details on Australia's trade in services to overseas countries and international accounts data for 1992-93 through to 1997-98 are available in Balance of Payments and International Investment Position, Australia 1997-98 (cat. no. 5363.0) available at ABS bookshops.
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