Australia's trade in services grows strongly
Australia's trade in services grew 11.8 per cent in
2007-08, to $101.3 billion, according to a trade statistics
publication released today by the Department of Foreign Affairs
The report 'Trade in Services 2007-08',
shows there was strong export growth in Australia's
education-related travel services, transport services and
business services. Export volumes and prices were also
higher than in the previous year.
Education services were Australia's third largest
export after coal and iron ore in 2007-08 and were valued at
$14.2 billion. Personal travel services (excluding
education) were Australia's fifth largest exportat $12
Overall, Australian services exports were up by 11.1 per
cent to $51.3 billion in 2007-08. Imports of services
also rose by 12.5 per cent to $50.0 billion.
Australia's services exports make up 21.9 per cent of
the nation's total exports and 20.7 per cent of
Australia's total trade in goods and services.
Trade in Services, 2007-08 is part of a series
published each year by DFAT, providing a valuable account of
Australia's international trade in goods and services.
DFAT also offers a customised consultancy service, producing
reports tailored to specific requirements.
For further information please contact (02) 6261 3114, fax
(02) 6261 3321 or email firstname.lastname@example.org.
The analyses and tables from the publications are placed on
the DFAT website at www.dfat.gov.au/publications/stats-pubs/trade-in-services.html. Hard copy orders
can also be placed at this site.
Media Enquiries: DFAT Media Liaison - 02 6261