International Trade in Services

FBoS Release No: 27, 2018
26th April 2018


Fiji’s International Trade in Services Statistics [ITSS] provides information on the value of import and export of services between Fiji and the rest of the world. The information used in this release is from the International Trade in Services Survey and Administrative Sources.

December Quarter 2017

 

Key Facts

ITSDec17a

  • Estimated Total Exports of Services in the December quarter of 2017 was $782.3 million, an increase of $14.1 million (1.8%) when compared to a year earlier. (Refer to Graph 1)
  • Estimated Total Imports of Services in the December quarter of 2017 was $379.3 million, an increase of $60.7 million (19.1%) when compared to a year earlier. (Refer to Graph 1)
  • A Surplus of $403.0 million was recorded in the December quarter of 2017, $46.6 million (10.4%) less than the surplus of $449.6 million recorded a year earlier.

 

 

Services recording surplus for the December quarter of 2017 were: (Refer to Graph 2)

ITSDec17b

  • Travel services, a surplus of $416.7 million, a decrease of $3.2 million when compared to the December quarter of 2016 reflecting higher imports of travel related services;
  • Government services, a surplus of $56.4 million, an increase of $12.4 million when compared to the December quarter of 2016. This was the result of an increase in funds received from international agencies based in Fiji;
  • Financial services, a surplus of $4.1 million, an increase of $2.0 million when compared to the December quarter of 2016 reflecting higher exports of services by financial institutions
  • Manufacturing services, a surplus of $4.1 million, a decrease of $0.7 million when compared to the December quarter of 2016 reflecting lower exports of manufacturing services [goods processed] in Fiji; and


  • Maintenance and repair services, a surplus of $3.0 million, an increase of $2.4 million when compared to the December quarter of 2016 due to higher exports of repair related services.

Services recording deficit for the December quarter of 2017 were: (Refer to Graph 2)

  • Transportation services, a deficit of $25.0 million, this represents a total change of $51.2 million when compared to the December quarter of 2016 where a surplus of $26.2 million was recorded, reflecting higher imports of international sea freight services;
  • Other business services, a deficit of $24.5 million, this represents an increase in deficit of $6.8 million when compared to the December quarter of 2016 reflecting higher imports of other professional and management consultation services;
  • Insurance services, a deficit of $23.0 million, this represents an increase in deficit of $1.1 million when compared to the December quarter of 2016 due to higher imports of insurance services to cover for the damage or complete loss of freight;
  • Telecommunication, computer and information services, a deficit of $2.7 million, this represents a decrease in deficit of $2.2 million when compared to the December quarter of 2016 reflecting lower imports of computer and information services;
  • Construction services, a deficit of $2.3 million, this represents a total change of $4.3 million when compared to the December quarter of 2016, where a surplus of $2.0 million was recorded, due to higher imports of construction services;
  • Personal, cultural & recreational services, a deficit of $1.9 million, this represents an increase in deficit of $0.5 million when compared to the December quarter of 2016 reflecting higher imports of audio visual and other personal, cultural and recreational services; and
  • Charges for the use of intellectual property, a deficit of $1.9 million, this represents a decrease in deficit of $2.2 million when compared to the December quarter of 2016 due to lower imports of royalty and license services.

 

Annual 2017

 

Key Facts

ITSDec17c

  • Estimated Total Exports of Services in 2017 was $2,938.9 million, an increase of $256.4 million (9.6%) when compared to a year earlier. (Refer to Graph 3)
  • Estimated Total Imports of Services in 2017 was $1,350.1 million, an increase of $144.4 million (12.0%) when compared to a year earlier. (Refer to Graph 3)
  • A Surplus of $1,588.8 million was recorded in 2017, $112.0 million (7.6%) more than the surplus of $1,476.8 million recorded a year earlier.

 

 

Services recording surplus in 2017 were: (Refer to Graph 4)

  • Travel services, a surplus of $1,564.7 million, an increase of $165.6 million when compared to 2016 reflecting higher exports of travel related services;
  • Government services, a surplus of $155.0 million, an increase of $4.3 million when compared to 2016 resulting from an increase in funds received from international agencies based in Fiji;
  • Transportation services, a surplus of $66.8 million, a decrease of $4.9 million when compared to 2016 mainly driven by higher imports of international sea freight services;
  • Financial services, a surplus of $27.0 million, an increase of $18.9 million when compared to 2016 reflecting higher exports of services by financial institutions;
  • Manufacturing services, a surplus of $15.7 million, a decrease of $0.7 million when compared to 2016 reflecting lower exports of manufacturing services [goods processed] in Fiji; and
  • Maintenance and repair services, a surplus of $5.7 million, an increase of $4.5 million when compared to 2016 due to higher exports of repair related services.

 

Services recording deficit in 2017 were: (Refer to Graph 4)ITSDec17d

  • Other business services, a deficit of $101.8 million, this represents an increase in deficit of $28.9 million when compared to 2016 reflecting higher imports of professional and management consultation services;
  • Insurance services, a deficit of $87.0 million, this represents an increase in deficit of $7.9 million when compared to 2016 due to higher imports of insurance services to cover for the damage or complete loss of freight;
  • Telecommunication, computer and information services, a deficit of $34.6 million, this represents an increase in deficit of $9.6 million when compared to 2016 reflecting higher imports of telecommunication, computer and information services;
  • Charges for the use of intellectual property, a deficit of $14.9 million, this represents an increase in deficit of $4.3 million when compared to 2016 due to higher imports of royalty and license services;
  • Personal, cultural & recreational services, a deficit of $6.2 million, no change was recorded when compared to 2016; and
  • Construction services, a deficit of $1.6 million, this represents a total change of $25.0 million when compared to 2016 where a surplus of $23.4 million was recorded, reflecting higher imports of construction services.

 

 

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For further enquiries please contact Ms. Susana Vaioa on email   or telephone 331 5822 (ext. 386 235) or direct line 323 0835.

The International Trade in Services Statistics for the March Quarter of 2018 will be released as soon as the disaggregated data becomes available.