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Services exports remain strong

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Media Release

Media Release from the Australian Department of Foreign Affairs and Trade


Australia exported $31.2 billion in services in 2001-02, more than double
the $14.7 billion recorded 10 years ago.

Export revenue from services has grown at an average rate of eight per cent
a year since 1991-92. Services exports in 2001-02 accounted for 21
per cent of Australia's total exports. The sector is a key contributor
to Australian economic growth, and is a major source of investment and employment. It
is also a significant earner of export income.

In particular, Australia's exports of computer-related services rose
by 19 per cent to $949 million, and exports of legal services increased by
42 per cent to $347 million in 2001-02.

The United States was Australia's largest single market for services
exports valued at $4.7 billion or 15 per cent of total services exports. The
United Kingdom, our second largest destination, accounted for exports valued
at $3.5 billion. Exports to Hong Kong, our sixth largest services export
market, grew by a strong 27 per cent to $1.5 billion in 2001-02.

While exports of services were down six per cent on the previous financial
year's record level of $33.2 billion, which was significantly boosted
by the Sydney Olympic Games, Australia's service exports are growing
in sophisticated high value-added sectors such as IT and other professional

The services export figures are contained in the Department of Foreign Affairs
and Trade publication Trade in Services, Australia, 2001-02, released

The publication provides a comprehensive analysis of Australia's international
trade in services, by partner country, by State/Territory and by type of
service. It also contains inter-country comparisons of international
services trade.

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

The main features and analysis from the report is available on the Department's
. Orders for the publication can also be placed on the

Contact: Nicole Guihot, DFAT Media Liaison on 02 6261 1555

Last Updated: 19 September 2014
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