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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
| APEC | Asia Pacific Economic Co-operation |
| ASEAN | Association of South East Asian Nations |
| EU | European Union |
| OECD | Organisation 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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