Australian Consulate-General
Guangzhou,China
Address: 12th Floor, Development Centre, No. 3 Linjiang Road, Zhujiang New City, Guangzhou 510623 - Tel: +86 20 38140111 - Fax: +86 20 38140112 - Visa Office Tel: +86 20 38140250 - Visa Office Fax: +86 20 38140251

Australian Consulate-General, Guangzhou

Media Release PD21/07 Date:05/07/2007


Australian BUSINESS LEADS services exports growth

Australia’s total services exports rose eight per cent to $43.9 billion in 2006, with exports from Australia’s business services sector was experiencing robust growth.
Launching the Government’s bi-annual trade publication, Trade in Services Australia 2006 – the Australian Minister for Trade, Warren Truss, said that business services exports recorded unprecedented growth - particularly in FTA countries, the United States and Singapore.

Exports of other business services, which include a wide range of services provided by business professionals, rose 18 per cent to $5.3 billion in 2006.
Within this category, exports which showed significant increases in 2006 included:
• engineering services (up 41 per cent to reach $1 billion for the first time);
• business and management consultancy and public relations services (up 67 per cent to $236 million);
• agricultural & mining services (up 61 per cent to $286 million);
• accounting services (up 59 per cent to $266 million); and
• advertising, market research and public polling services (up 28 per cent to $229 million.

Mr. Truss said that travel services remained Australia’s major services export, accounting for 54 per cent of the total.

“Two major service activities are now in Australia’s top 10 exports,” he said. “Personal travel services (excluding education-related) valued at $11.0 billion rose one per cent but is still ranked third after coal and iron ore; and education services, at $10.7 billion (up 12 per cent), ranked fourth.

The USA was the single-largest destination for Australia’s services exports in 2006, with exports up 11 per cent to $5.5 billion. Exports also rose to other major destinations such as China (up 10 per cent to $3.3 billion), New Zealand (up 7 per cent to $3.1 billion), Singapore (up 13 per cent to $2.8 billion) and India (up 23 per cent to $1.5 billion).

Passenger services dropped 1.5 per cent to $4.1 billion, legal services fell seven per cent to $245 million and government services went down one per cent to $863 million.

The Trade in Services publication is issued twice a year (on calendar year and financial year bases). In addition to detailed official statistics on Australia’s trade in services collected by the Australian Bureau of Statistics, the publication presents information on international student enrolments; numbers of short-term visitor arrivals and departures; tourism expenditure; and tourism purpose of journey information.

For further information, contact Ellen Chen, Public Affairs Officer on(020)3814 0183.