5368.0 - International Trade in Goods and Services, Australia, Sep 2004  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/11/2004   
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Feature Article - International Trade in Services by Partner Country, 2003-04


INTRODUCTION

This article provides financial year data for the years 2001-02 through to 2003-04 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 2003-04, by the three broad service categories that are traded. Tables F2 to F3 show this information for the financial years 2002-03 and 2001-02.



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. Approximately 9% of total credits and 5% of total debits shown in Table F1 are either confidential, or unable to be allocated to individual countries.


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 financial year 2003-04, Australia recorded a deficit of $294 million in the balance on services. This was a decrease of $104 million on the deficit for 2002-03.


The largest contributor to the overall deficit on services was the United States of America with a deficit of $1.7 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 $1.3 billion. Australia also recorded a surplus with New Zealand ($0.7 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.

TABLE F1: INTERNATIONAL TRADE IN SERVICES, By Selected Countries - 2003-04

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
110
144
np
34
np
-34
np
-17
np
Brunei Darussalam
-20
31
np
16
np
-51
np
-14
np
Canada
75
453
np
342
np
-378
-72
-258
-48
Central America and Caribbean
-178
42
-
4
38
-220
-
-29
-191
Chile
-52
12
np
8
np
-64
np
-42
np
China, People's Republic of
305
1,187
154
884
149
-881
-382
-423
-76
Fiji
-288
129
np
76
np
-417
np
-247
np
France
-148
417
86
210
121
-565
np
-333
np
Germany
-375
817
239
489
89
-1,192
-764
-202
-226
Greece
-118
69
-
21
48
-187
-12
-165
-10
Hong Kong (SAR of China)
-306
1,280
268
641
371
-1,587
-675
-500
-411
India
531
564
np
451
np
-33
-7
-
-26
Indonesia
488
999
96
789
114
-511
-200
-259
-52
Ireland, Republic of
66
388
-
189
199
-323
np
-168
np
Italy
-279
217
np
165
np
-496
-
-455
-41
Japan
1,307
3,308
961
2,040
307
-2,001
-1,165
-333
-503
Korea, Republic of
503
891
101
758
32
-388
-183
-65
-140
Malaysia
284
972
np
754
np
-688
-349
-302
-38
Mexico
-29
10
-
10
-
-40
-
-35
-4
Netherlands
-181
388
95
175
118
-569
np
-83
np
New Zealand
716
2,440
np
1,462
np
-1,723
-446
-1,036
-241
Norway
30
119
64
47
8
-89
-38
-
-51
Papua New Guinea
150
309
63
87
159
-159
np
-100
np
Peru
10
38
-
37
1
-28
-
-28
-
Philippines
-86
119
-
80
39
-205
-
-133
-72
Russian Federation
6
61
-
53
8
-56
-
-51
-4
Singapore
-381
2,204
765
849
590
-2,585
-1,891
-374
-320
South Africa
36
231
np
83
np
-195
-82
-105
-9
Sweden
122
193
-
156
37
-71
-
-39
-32
Switzerland
-559
384
126
179
79
-943
-627
-74
-242
Taiwan
203
426
30
378
18
-223
np
-99
np
Thailand
-333
489
np
392
np
-822
-324
-471
-27
United Kingdom
170
3,871
736
2,133
1,002
-3,701
-859
-1,635
-1,206
United States of America
-1,709
4,472
601
1,424
2,447
-6,182
-663
-1,562
-3,957
Viet Nam
-166
204
-
144
60
-370
np
-303
np
Africa n.e.s.
-212
238
np
155
np
-450
-26
-413
-10
America n.e.s.
-24
160
np
136
np
-185
-42
-81
-62
Asia n.e.s.
-682
1,474
np
527
np
-2,156
-1,195
-595
-366
Europe n.e.s.
-557
989
303
549
137
-1,545
-628
-799
-118
Oceania n.e.s.
-130
263
38
142
83
-393
-86
-280
-27
Unallocated and confidential
1,409
2,958
2,887
40
2,982
-1,549
-919
-29
-1,970
Total all countries
-294
33,958
7,613
17,108
9,237
-34,252
-11,634
-12,136
-10,482

- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated

TABLE F2: INTERNATIONAL TRADE IN SERVICES, By Selected Countries - 2002-03

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
100
141
np
38
np
-41
np
-20
np
Brunei Darussalam
-26
27
np
11
np
-53
np
-11
np
Canada
-11
401
np
311
np
-412
-73
-267
-73
Central America and Caribbean
-239
14
np
4
np
-252
-
-37
-215
Chile
-59
10
np
7
np
-70
-17
-42
-11
China, People's Republic of
54
977
123
732
122
-923
-366
-350
-208
Fiji
-254
131
41
69
21
-385
-67
-215
-103
France
-154
384
np
177
np
-538
np
-320
np
Germany
-415
761
220
464
77
-1,175
-747
-205
-223
Greece
-148
54
np
17
np
-202
-37
-156
-9
Hong Kong (SAR of China)
-345
1,319
227
603
489
-1,664
-586
-447
-631
India(a)
na
na
na
na
na
na
na
na
na
Indonesia
449
972
131
697
144
-523
-241
-214
-69
Ireland, Republic of
93
318
-
167
151
-225
np
-158
np
Italy
-194
251
np
157
np
-446
np
-407
np
Japan
1,481
3,369
1,068
1,912
389
-1,888
-1,044
-326
-518
Korea, Republic of
428
837
120
675
42
-409
-190
-69
-150
Malaysia
197
889
97
634
158
-692
-372
-258
-62
Mexico
-25
14
-
12
2
-39
-
-36
-2
Netherlands
-275
283
np
182
np
-558
np
-92
np
New Zealand
494
2,303
np
1,248
np
-1,809
-535
-913
-361
Norway(b)
na
na
na
na
na
na
na
na
na
Papua New Guinea
120
289
np
81
np
-169
np
-105
np
Peru
15
33
-
33
-
-18
-
-18
-
Philippines
-53
129
-
68
61
-181
-
-115
-66
Russian Federation
-6
45
np
39
np
-52
-
-48
-4
Singapore
-284
2,166
np
802
np
-2,450
-1,943
-322
-185
South Africa
-55
236
np
110
np
-291
np
-189
np
Sweden
90
177
np
142
np
-86
np
-42
np
Switzerland
-608
388
np
168
np
-996
-692
-74
-231
Taiwan
179
352
30
306
16
-173
np
-95
np
Thailand
-332
479
np
352
np
-812
-300
-482
-29
United Kingdom
43
3,732
781
1,964
987
-3,689
-940
-1,527
-1,221
United States of America
-1,367
4,774
753
1,387
2,634
-6,141
-656
-1,390
-4,095
Viet Nam
-136
200
np
112
np
-336
np
-266
np
Africa n.e.s.
-149
129
np
88
np
-278
-21
-234
-23
America n.e.s.
-14
155
np
120
np
-169
np
-89
np
Asia n.e.s.
202
1,853
np
852
np
-1,650
-825
-471
-355
Europe n.e.s.
-184
939
277
535
128
-1,123
-250
-699
-174
Oceania n.e.s.
-118
229
35
125
69
-346
-27
-272
-48
Unallocated and confidential
1,104
2,731
3,555
52
4,093
-1,627
-1,033
-31
-1,854
Total all countries
-398
32,493
7,458
15,452
9,583
-32,891
-10,960
-11,012
-10,919

- nil or rounded to zero (including null cells)
na not available
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Included in Asia n.e.s.
(b) Included in Europe n.e.s.

TABLE F3: INTERNATIONAL TRADE IN SERVICES, By Selected Countries - 2001-02

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
79
115
np
39
np
-36
np
-16
np
Brunei Darussalam
-8
34
np
14
np
-42
np
-10
np
Canada
31
418
50
336
32
-387
-81
-250
-56
Central America and Caribbean
-236
24
-
5
19
-260
np
-29
np
Chile
-59
16
np
9
np
-76
-22
-24
-30
China, People's Republic of
114
921
74
717
130
-808
-308
-350
-150
Fiji
-212
114
np
69
np
-326
-60
-186
-81
France
-62
357
np
201
np
-419
-45
-281
-93
Germany
-471
803
235
485
83
-1,274
-814
-213
-248
Greece
-218
61
np
27
np
-278
-77
-175
-26
Hong Kong (SAR of China)
-548
1,421
290
595
536
-1,968
-561
-533
-875
India(a)
na
na
na
na
na
na
na
na
na
Indonesia
352
986
168
665
153
-634
-299
-270
-65
Ireland, Republic of
-32
220
-
180
40
-252
-19
-166
-67
Italy
-219
238
np
157
np
-457
-30
-406
-21
Japan
1,678
3,465
1,129
1,962
374
-1,787
-890
-314
-583
Korea, Republic of
513
815
127
629
59
-302
-151
-67
-83
Malaysia
50
839
102
629
108
-790
-459
-284
-47
Mexico
-22
13
np
11
np
-35
-
-32
-3
Netherlands
-126
271
14
194
63
-398
-74
-67
-257
New Zealand
546
2,195
484
1,270
441
-1,649
-496
-883
-270
Norway(b)
na
na
na
na
na
na
na
na
na
Papua New Guinea
193
355
np
97
np
-162
-14
-93
-55
Peru
14
33
np
32
np
-18
-
-18
-
Philippines
-28
141
-
74
67
-169
-5
-122
-42
Russian Federation
-66
63
np
47
np
-130
-84
-39
-7
Singapore
-117
2,252
910
855
487
-2,369
-1,771
-418
-180
South Africa
-46
183
np
129
np
-229
-55
-152
-22
Sweden
108
181
-
136
45
-73
np
-33
np
Switzerland
-628
384
np
177
np
-1,012
-760
-58
-193
Taiwan
251
379
34
329
16
-129
-27
-98
-4
Thailand
-322
472
np
350
np
-794
-250
-520
-24
United Kingdom
46
3,602
731
1,973
898
-3,556
-811
-1,512
-1,233
United States of America
-1,523
4,687
735
1,435
2,517
-6,211
-816
-1,323
-4,072
Viet Nam
-111
156
-
104
52
-267
np
-215
np
Africa n.e.s.
-159
175
np
97
np
-334
-51
-240
-43
America n.e.s.
-11
136
11
115
10
-147
-24
-77
-46
Asia n.e.s.
312
1,803
280
816
707
-1,492
-534
-425
-533
Europe n.e.s.
-273
918
265
523
130
-1,190
-296
-730
-165
Oceania n.e.s.
-82
228
49
125
54
-311
-34
-258
-18
Unallocated and confidential
913
2,773
1,977
37
1,915
-1,860
-861
-31
-1,345
Total all countries
-381
32,250
7,665
15,645
8,940
-32,631
-10,776
-10,918
-10,937

- nil or rounded to zero (including null cells)
na not available
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Included in Asia n.e.s.
(b) Included in Europe n.e.s.

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