Media release from the Australian Department of Foreign Affairs and Trade

Thursday, 30 August 2001 / D15

Trade in Services Australia 1999-2000 - Release of Publication

The Department of Foreign Affairs and Trade has released the 1999-2000 edition of the publication Trade in Services, Australia.  It contains detailed information of the components and destinations of Australia's exports and imports of services for 10 financial years.  It also contains information about Australia's international trade in services by each Australian State and Territory and inter-country comparisons of international services trade.

Highlights of Australia's trade in services in 1999-2000 include a seven per cent increase in the value of services trade to $57.9 billion.  Exports of services increased by eight per cent to $28.2 billion, while imports of services grew by six per cent to $29.7 billion.  In real terms, exports increased by five per cent, while imports grew by seven per cent.

Over the decade to 1999-2000, exports of services grew at an average annual rate of nine per cent (compared to merchandise exports which grew at seven per cent per year), while imports of services grew at an average annual rate of six per cent.

In 1999-2000, exports of travel services accounted for 47 per cent of services exports, while passenger travel and other transportation accounted for a further 21 per cent.  The United States was the single largest destination for Australia's services exports in 1999-2000, taking 16 per cent ($4.6 billion) of the total.  Japan was the second largest source of export income ($3.4 billion).

Copies of the publication can be purchased for $26.50 by contacting the Market Information and Analysis Unit on Ph (02) 6261 3114 or Fax (02) 6261 3321.

The main features and analysis from the report is available on the Department's website at www.dfat.gov.au/publications/statistics.html Orders for the publication can also be placed on the website.

Media inquiries: Nicole Guihot, DFAT Media Liaison, 02 6261 1555