Services exports
Due to a large decrease in Travel, states with significant exports of Travel services experienced related year on year decreases to their total export value.
The largest decreases in total services exports were Victoria, down $4,263m (22%), and New South Wales, down $3,872m (12%).
New South Wales accounted for 49% of all services exports in 2021 (up from 46% in 2020), followed by Victoria which accounted for 26% (down from 28% in 2020).
China continued to be Australia's largest country of export and accounted for 15% of services exports (down from 17% in 2020).
The top five countries of export for services were China, United States of America, Asia, nes, India and United Kingdom. Together these countries accounted for 51% of the total exports value.
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2020 | $m | % | 2021 | $m | % |
China | 12,248 | 17 | China | 8,942 | 15 |
United States of America | 7,988 | 11 | United States of America | 7,606 | 13 |
Asia, nes | 7,065 | 10 | Asia, nes | 5,120 | 9 |
India | 6,886 | 10 | India | 5,003 | 8 |
United Kingdom | 3,757 | 5 | United Kingdom | 3,799 | 6 |
New Zealand | 3,506 | 5 | New Zealand | 3,223 | 5 |
Singapore | 3,392 | 5 | Singapore | 2,880 | 5 |
Hong Kong | 1,944 | 3 | Hong Kong | 1,477 | 2 |
America, nes | 1,854 | 3 | America, nes | 1,455 | 2 |
Malaysia | 1,669 | 2 | Ireland | 1,434 | 2 |
All other countries | 21,510 | 30 | All other countries | 18,165 | 31 |
Total | 71,819 | 100 | Total | 59,104 | 100 |
Where figures have been rounded, discrepancies may occur between sums of the component items and totals.
Services imports
As with exports, states with significant imports of Travel services experienced related year on year decreases to their total import value.
The largest decreases in total services imports were Queensland, down $1,128m (17%), and Western Australia, down $1,076m (20%).
New South Wales was the only state to show a year on year increase to their total import value, up $685m (2%). This was driven by increases in Transport freight and Other business services.
New South Wales accounted for 53% of all services imports in 2021 (up from 49% in 2020), followed by Victoria which remained steady accounting for 22%.
United States of America continued to be Australia's largest country of import and accounted for 17% of services imports (down from 19% in 2020).
The top five countries of import for services were United States of America, United Kingdom, Singapore, Germany and Hong Kong. Together these countries accounted for 49% of the total imports value.
2020 | $m | % | 2021 | $m | % |
United States of America | -10,733 | 19 | United States of America | -9,452 | 17 |
United Kingdom | -6,168 | 11 | United Kingdom | -6,023 | 11 |
Singapore | -3,661 | 6 | Singapore | -4,626 | 8 |
Asia, nes | -3,591 | 6 | Germany | -4,052 | 7 |
Germany | -2,950 | 5 | Hong Kong | -3,122 | 6 |
New Zealand | -2,856 | 5 | Ireland | -2,884 | 5 |
Ireland | -2,341 | 4 | New Zealand | -2,755 | 5 |
Hong Kong | -2,220 | 4 | Asia, nes | -2,543 | 5 |
Japan | -2,098 | 4 | Japan | -1,814 | 3 |
India | -2,010 | 3 | China | -1,741 | 3 |
All other countries | -18,822 | 33 | All other countries | -15,839 | 29 |
Total | -57,450 | 100 | Total | -54,851 | 100 |
Where figures have been rounded, discrepancies may occur between sums of the component items and totals
(a) For sign conventions, see the Explanatory notes.